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Infosys Relying on Automation for Digital Transformation of Their Clients’ Business

Infosys using automation to transform clients’ business: Nilekani

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Office building of Infosys.

Renewing legacy systems but discarding legacy mindsets, India’s global software major Infosys is relying on automation for digital transformation of their clients’ business, Chairman Nandan Nilekani said on Saturday.

“We are relying on extreme automation to free up our people to focus more on solving client challenges, mentoring their teams and investing in learning for digital transformation of their business,” the firm co-founder said at the company’s 38th Annual General Meeting here.

Addressing shareholders, the board of directors and employees, Nilekani said the management was working to dissolve silos across its global operations to ensure its clients have instant access to ideas emanating from Infocions so as to leverage their best when they interact with them.

Employees queue up infront of Infosys office.

“The novel approach means focusing on personal growth, nurturing zero-latency in processes, ensuring just-in-time data for decision-making, driving hyper-productivity and facilitating learning to instil new patterns of behaviour,” he said.

As its global clients were operating in a complex world, disrupted by many digital technologies, he said they were looking at the company to partner with them in the new digital era.

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“Our work across industries, value chains and geographies gives us keen insights into the pattern of changes transforming the fundamental wiring across a diverse set of businesses. We know that with this understanding, we are uniquely positioned to assist our clients in picking the right signals and to discover what’s next,” he asserted. (IANS)

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Infosys Allotting Shares to its Performing Techies

Through the scheme, the firm aims to recognise and reward those techies committed to driving value creation for stakeholders through consistent performance

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Global software major Infosys board on Thursday approved allotting performance-based shares to its techies, linking employee incentives with shareholder value creation.

“The board of directors approved expanded stock ownership programme 2019, linking long-term employee incentives with shareholder value creation,” the city-based IT major in a statement.

On shareholders’ approval, about 5 crore shares of Rs 5 face value will be allocated to employees on the basis of their performance. The shares for allotment under the stock ownership plan are equivalent to 1.15 per cent of the company’s total equity shares.

Rhe $11.8 billion company has been a pioneer in rewarding its employees through stock ownership programmes since 1994, including the 2015 incentive compensation plan.

The grants to employees over seven years will be based on performance criteria of relative total shareholder return (TSR) against an industry peer group, relative TSR against domestic and global indices and operating lead performance metrics such as total revenue and digital revenue growth, and operating margins.

Office building of Infosys.

“As we have been a pioneer for many firsts in India, the performance-based stock ownership scheme is a milestone as it sets another benchmark in the industry,” Chief Executive Salil Parekh said.

Through the scheme, the firm aims to recognise and reward those techies committed to driving value creation for stakeholders through consistent performance.

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“By making employees owners, they get an opportunity to be beneficiaries in the long-term success of the company and realise the results of their work and dedication,” Parekh added.

The company’s blue-chip scrip gained Rs 17.70 per share to close at Rs 734.20 at the end of Thursday’s trading on the BSE as against Wednesday’s closing rate of Rs 716.50 and opening price of Rs 716.75. (IANS)