Infosys expects revenue in this financial year to rise to 12%

Infosys CEO, Vishal Sikka, has said that the software company expects revenue in this financial year to rise as much as 12%, after posting fourth-quarter profit that slightly missed analyst estimates. Sikka said Infosys would buy Kallidus Inc and an affiliate, which provide digital services such as mobile commerce for retail clients, for $120 million.

"Our win rate is increasing in the traditional services. Whether it is infrastructure management or business process outsourcing or verifications services as well as package implementation and things like that," said Vishal Sikka. 

"With automation we see that infrastructure management for example 70 to 80% of work that is done can be replaced by automation where people become the managers of exception and not the operators of the system," he added. The company has been making big bets on automation and other new technology like artificial intelligence and cloud-based services to regain some lost ground from rivals.

Bangalore-based Infosys, once seen as the bellwether of India's about $150 billion Information Technology (IT) services industry, has struggled in the recent years to innovate and retain market share due to a staff exodus that impacted its ability to win lucrative deals. For the year ending March 2016, Infosys said it expects revenue growth of 10 percent to 12%.

Infosys provides IT services to clients like Apple Inc (AAPL.O), Volkswagen AG (VOWG_p.DE) and Wal-Mart Stores Inc (WMT.N).