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Infosys is looking to acquire companies in data analytics, SAAS, and other areas.
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The company is evaluating several firms and may consider acquisitions similar in scale to its recent purchase of in-tech.
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Infosys sees no layoffs due to AI, and is instead increasing recruitment as the economic environment changes.
Infosys, India’s second-largest IT services company, is on the lookout for more acquisitions after making two purchases this year. CEO Salil Parekh said the company is interested in areas like data analytics, SAAS, and may explore opportunities in Europe and the US.
Infosys is evaluating several firms and may consider acquisitions similar in scale to its recent purchase of in-tech, which was valued at 450 million euros. Parekh emphasized that strategic synergies, financial cost, cultural fit, and integration aspects are crucial in determining the success of an acquisition.
The company is also focusing on generative AI, with 225 programs currently underway for clients and over 250,000 employees trained in the area. Parekh believes AI adoption will increase as enterprises experience its benefits, and Infosys is well-positioned to support this growth. Despite the rise of AI, Parekh sees no layoffs at Infosys, with the company continuing to recruit new talent.
