USA: Infosys Technology on Friday said it is seeking for items to develop its items and foundation company, which it desires to play a role one-third of its earnings in the next 5-7 decades.
"We are looking at developing IP resources ourselves and we will also associate with our customers to co-create (assets) as this will be essential. We will also look at items ... to turn it to items and systems," Infosys CEO and MD S D Shibulal said at the Infosys Advancement Day.
Infosys desires 33 % of its earnings to come from items and systems in the next 5-7 decades. At the moment, the section constributes a little over 6 % to earnings.
Shibulal said, "Currently, about four % of the earnings come from Finacle, while the other items and systems play a role about two %. These days, we have 12 systems and 9 nine items from six systems at the end of FY'11. To arrive at a profile of 12 items and 12 systems, we will have to develop IP resources ourselves, co-create with customers as well as develop inorganically," he said.
Infosys, which is seated on a money heap of over $3 billion dollars, has met critique from traders and experts as competitors like Tata Company Solutions and Wipro have enhanced their companies with several items.
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