Not only has the Infosys Q2 results beat street expectations, media persons have been treated to an unusually flirtatious Infosys CEO & MD, Shibulal. The normally grim and boringly monotonous Shibulal today chose to answer questions on mergers and acquisitions with an analogy to relationships, that too with just that little smirk on his face.When asked in the press conference on what Infosys's acquisition plans were considering they were sitting on so much cash, Shibulal said: We're dating now. It'll take a while to get engaged." CFO Bala added that the intention was there, but neither revealed how close they were to making any acquisition.
The company has been performing rather well in the North Americas and the region Ashok Vemuri said, "You can expect the North Americas to provide the bulk of the revenues in the coming months."
In fact the Infosys team is very proud that despite the global uncertainties, they have managed to realign themselves without losing people and impacting any client relationship.
Shibulal said: Acquisitions are extremely strategic. We are now looking at products and platforms for acquisition to increase our footprint in other countries.
V Balakrishnan, CFO, said: "Acquisition is just a means to an end, not the end in itself. We have $3.8bn in cash,we have every intention and are highly focussed on high end companies which will get us higher revenue. Healthcare, insurance and the life sciences are in our line of view. As soon as we get something that fits with our strategy, we will acquire."
The company has been performing rather well in the North Americas and the region Ashok Vemuri said, "You can expect the North Americas to provide the bulk of the revenues in the coming months."
In fact the Infosys team is very proud that despite the global uncertainties, they have managed to realign themselves without losing people and impacting any client relationship.
Shibulal said: Acquisitions are extremely strategic. We are now looking at products and platforms for acquisition to increase our footprint in other countries.
V Balakrishnan, CFO, said: "Acquisition is just a means to an end, not the end in itself. We have $3.8bn in cash,we have every intention and are highly focussed on high end companies which will get us higher revenue. Healthcare, insurance and the life sciences are in our line of view. As soon as we get something that fits with our strategy, we will acquire."
