Buys to bring in $1.5-bn additonal revenues: Infosys

Infosys expects acquisitions to bring in additional revenues of about $1.5 billion as the information technology services behemoth aims to achieve an aspirational goal of $20 billion in top line by 2020. It is also aiming to bring attrition levels down to the lowest in the sector in the same time frame. “The mission of our management is to prepare the company to achieve an aspirational goal of $20 billion in revenue by calendar year 2020 with at least 30 per cent operating margin with specific targets,” Infosys Chief Executive Officer Vishal Sikka said in the company’s annual report. These targets include increasing revenue per full-time equivalent to $80,000 by deploying automation and innovation in existing businesses and inorganic investment strategies influencing approximately $1.5 billion of new revenue.