Infosys to complete restructuring in two months

Posted By: Religare
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Infosys to complete restructuring in two months
Infosys is planning to complete the restructuring process of its business divisions in around two months and this is as per the strategy of Infosys to enhance its growth over the next few years. 

The organization would realign its business units into five global industry segments comprising of financial services and insurance; manufacturing; energy, utilities, communications and services, public service practices and healthcare; and retail and life sciences. 

Commenting on this S.D. Shibulal, the Chief Operating Officer reported that the company is eyeing to enhance its geographical focus by appointing separate heads for the Americas, Europe and emerging markets. Additionally, S.D. Shibulal would be appointed as the Chief Executive in August after top level management changes.

Meanwhile, the company is eyeing for acquisitions in Europe and Japan and in industries like healthcare and public services. S Gopalakrishnan, the Chief Executive of Infosys, reported that the firm is also looking for acquisitions in new areas like cloud computing.

Read more about: infosys, bse, nse
Story first published: Tuesday, May 3, 2011, 9:30 [IST]
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