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BENGALURU: Infosys chief executive Vishal Sikka insisted that the company was not lowering its full-year revenue guidance and said it was still on track to meet its aspirational target of $20 billion revenue by 2020.

In an exclusive post-earnings interview to ET, Sikka said the company had made significant progress with its $500 million startup fund, having deployed $35 million already for investments in startups such as Airviz and ANSR Consulting.

“The progress (on startup investments) hasn’t been slow at all… we want to be very selective, we don’t want to invest in yesterday’s technologies, we want to invest in things that are highly relevant to our clients,” he said.

“So far, a lot of startups continue to be interested in working with us, and we’re continuing to do that. Same thing with M&A: We don’t want to buy yesterday’s technology. We want to buy tomorrow’s technology, things that will be relevant for us in the future.”

On chief financial officer Rajiv Bansal’s sudden and abrupt departure, Sikka said that he wanted to pursue other opportunities.

“(Rajiv) has spent 15 years at Infosys and wanted to do something else. He has over the last 16 months been a great partner. He has actually been a close friend of Pravin (COO UB Pravin Rao) for a long time… I met him first when I came to Delhi back in June last year and since then it has been a great partnership. And, he wanted to do something else with his career, and still has 16-17 years remaining in his career. As much as I’m sad to see him go, I wish him the very best,” said Sikka.