Acquisitions to contribute $1.5 billion: Infosys

Bengaluru (IANS) Indian IT giant Infosys on Sunday said it aims to realize revenues in the range of $1.5 billion from its acquisitions and also reach the milestone of $20 billion by 2020.

The company’s mission is to prepare the company to reach the aspirational goal of $20 billion in revenue by 2020 with a 30 percent operating margin, said CEO Vishal Sikka in the company’s annual report.

Infosys, which acquired Skava and automation technology firm Panaya for $120 million and $200 million respectively recently, has expressed its willingness for bigger scale acquisitions and mergers.

Artificial intelligence and intellectual property business solutions and design thinking solutions are expected to contribute 10 percent of the business revenue for Infosys.

The IT company is also laying great emphasis for incubating and growing innovative startups.

Another area of concentration for Infosys is attrition. The company aspires to achieve industry’s lowest attrition levels.

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