Infosys won't compromise on growth margins: CEO Salil Parekh

Infosys CEO & MD Salil Parekh
Infosys will not compromise on margins for pushing up revenue growth and its current investment in people and building up digital capabilities will not affect its margins in any form, rather make the company future-ready. In an interaction with CNBC TV18, company’s CEO, Salil Parekh said the firm was strengthening its marketing muscle by hiring more number of people as part of its go-to-market strategy apart from adding more locals in key client geographies. Earlier, Motilal Oswal and Nomura have come up with reports saying that Infosys is likely to cut its operating margin guidance for FY20. While Nomura has pegged it in 21-23 per cent range, Motilal Oswal sees it between 21.5and 23 per cent in the next financial year. “We are never going to sacrifice margin for growth. For fiscal year 2019, we have a margin guidance of 22-24 per cent and we will fall well in that range,” said Parekh.

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