It has been 3 years since Salil Parekh took over as MD and CEO of Infosys. He had set out a 3 year transformation journey with a focus on large deal wins, becoming more relevant in the digital space and localisation.

The company has made progress on each of these fronts with their move to digital being further amplified by the COVID crisis. The recently reported Q3 earnings marks a third consecutive strong quarter, with Infosys projecting double digit growth in FY22.

Speaking to CNBC-TV18, Parekh said that they are seeing more acceleration coming about in the digital and cloud services.

“The focus for us as we look ahead is more and more on digital and cloud services. That has become an increasing part of what large enterprises are looking for. We have put together a 3-year roadmap, but the strategy becomes more relevant, more focused on digital and cloud. The third year was about acceleration and we have seen growth at 6.6 percent year-on-year (YoY) in the last quarter, double digit the indication for next financial year. So we see more acceleration coming about. The large deal momentum has been incredible for us. We see clients more and more working with us closely as they are going through their digital and cloud journeys. So really exciting outlook for us,” he said.

Parekh said that the main focus in digital is to continue the current growth. He is hoping to continue with 30 percent plus growth for the digital business.

“In terms of where digital is going, our main focus there is to continue this growth. We had a clear view to get above 50 percent and now the company has gotten above that and we want to continue with this market leading growth 30 percent in the past quarter for the digital business,” he said.

He said that Infosys is extremely comfortable with how margin is evolving. “We had a very strong margin performance in Q3, 25.4 percent. We have given an increased margin guidance for this financial year and we have also talked about specific strategic levers of margin. So we remain extremely comfortable with how the margin is evolving,” he said.

Parekh believes that the need to hire has certainly increased. He said that they are looking at hiring 24,000 campus recruits next year.

“Today the hiring need has certainly increased. We have already talked about in the next financial year we will probably do in the range of 24,000 campus recruits in India. So that is a significant growth that we are seeing in that regard,” he said.

Parekh said that the acquisition pipeline is looking quite good and they will continue with targeted small acquisitions related to digital and cloud.

For full interview, watch the video

(Edited by : Abhishek Jha)