Bengaluru-based IT firm Infosys will look at strategic merger and acquisition opportunity in digital space, CEO and MD, Salil Parekh said in a conference call.

The global market for digital products is around $160 billion, and is growing at about 15%, Parekh said and added that the company wants to chase this market.

Parekh, who is only the second outsider to lead infosys, said in January, the market offered tremendous opportunities in newer areas such as data, analytics, machine learning and artificial intelligence.

Infosys' revenue for digital is at $2.79 billion, and accounts for 25.5% of its revenue.

“We will have a disciplined capital allocation policy going forward,” said Parekh.

Parekh, who took over as the CEO four months ago, also laid a three-year road map for the company.

According to Parekh in FY19, Infosys is looking to stabilise the growth they achieved in FY18.

Infosys posted net profit of Rs 3,690 crore for the fourth quarter ended March 31, 2018, up 2.4% from the same period of last year.

The company’s revenue rose 5.6% at Rs 18,083 crore, meeting analyst expectations.

In FY20, the CEO said, it will be looking to build momentum and Infosys will look at acceleration on the basis of the strategy in FY21.

Infosys is tapping talents from design schools and have over 1,000 digital designers who will make digital experience different for customers, said Ravi Kumar S, deputy COO and President.

"Revamped our entry level hiring, we have started recruiting entry level in the US," said Kumar.

Large part of talent can only come through reskilling, said Kumar.

Infosys is planning to open four tech hubs in US for re-skilling in FY19.

First Published:Apr 23, 2018 6:04 PM IST