Tuesday, April 13, 2004

Infy crosses 1 billion

Infy declared its results today & as expected crossed 1 billion in revenues.. it is a great achievement for an Indian company. consider that for a company which was just 250 mn 4 years back. & you can see that the growth has been tremendous. When i joined last year I was told that it might take 6 quarters for it to cross.. but it has taken just four. so it has been excellent progress.
Of course challenges remain for the company:
1. managing career aspirations of an ever increasing workforce. (last year was particularly bad when attrition reached flashpoint)
2. managing salaries of workforce due to competition from MNC's who have set up shop in India
3. to develop a different (consulting?) kind of mindset in the employees to take on challenges from MNC's
4. managing a rising rupee and dipping margins
5. creating that top of the mind recall for CXO's in the US
6. creating a scalable & efficient global delivey model & offering not only cost effectiveness but also great quality "solutions" to client. As Nandan said " we want to be active business solution providers not reactive problem solvers"
Of course Infy will benefit with an ever increasing interest in Outsourcing and the future looks good for a great company.

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