Infosys inches up on news of further acquisitions

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Infosys inches up on news of further acquisitions

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Infosys CEO Vishal Sikka’s goal is three-fold — use automation and artificial intelligence to make existing service lines more efficient, increase the proportion of revenue coming from so-called next-generation services, and increase overall revenue productivity.

Infosys inches up on news of further acquisitions

Shares of Information technology giant, Infosys are trading higher by over 1% to Rs 2,308 on the BSE after acquiring anautomation startup Panaya for Rs 1,200 crore is evaluating a dozen more startups — all aimed not at bulking revenues or adding clients, as Indian IT companies typically do, but at gaining cutting-edge technology such as automation and artificial intelligence (AI) according to media reports.

 

Infosys CEO Vishal Sikka’s goal is three-fold — use automation and artificial intelligence to make existing service lines more efficient, increase the proportion of revenue coming from so-called next-generation services, and increase overall revenue productivity.

 

Source:

http://www.business-standard.com/article/markets/infosys-inches-up-on-news-of-further-acqusitions-115022300170_1.html

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