Despite growth concerns, Infosys' revenue per client and revenue per employee increased in FY12.
The company also announced a final dividend of Rs 22 a share for FY12 and additionally offered a special dividend of Rs 10 a share on the 10th anniversary of Infosys BPO. Earlier, Infosys had paid out an interim dividend of Rs 15 a share.
More sales force
Speaking at the 31st annual general meeting, Mr S.D. Shibulal, CEO, reiterated the fact that the company will continue to eye high value growth going ahead. Revenue per client increased from $8.4 million in FY11 to $10.1 million in FY12. Also, revenue generated per employee is on the rise too.
“Revenue productivity has gone up by 4.7 per cent,” said Mr Shibulal. On the client front, Infosys bagged 172 new clients in FY12. Infosys counts Goldman Sachs, Walmart, Staples, BP as its customers from a total of about 690 customers.
Mr Shibulal added that the company is looking to increase sales force in the coming fiscal to work on these high value deals. Citing the fact that the company has a strong history of performance, he said that it would not sacrifice margins for bagging projects.
PTI reports: The Chairman, Mr K.V. Kamath, today said the company's new strategy will help it become “more relevant” to clients and drive superior growth in future.
“We have announced our new growth strategy — Infosys 3.0 — to address those challenges and enable us to achieve high quality industry-leading growth,” Mr Kamath told shareholders in his maiden address at the AGM here. He took over as Chairman from Infosys founder Mr N.R. Naryanamurthy in August last year. Mr Kamath said that Infosys continued to make focused investments in its organisational capabilities, but at the same time it must align its offerings more closely to the business priorities of its clients.
“With that broad objective in mind, we have regrouped our service offerings under four heads namely Financial Services and Insurance; Manufacturing; Energy, Utilities, Communications and Services and Retail, Consumer Packaged Goods, Logistics and Life Sciences. I am confident that this new strategy will help the company in becoming more relevant to clients and help in driving superior growth in future,” he said.
Mr Kamath also said that the IT services industry is facing twin challenges of commoditisation and scalability. The demand was shifting from traditional horizontal offerings to industry-specific high-value offerings, he said.