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Digital now a critical element of the market: Infy CEO

Press Trust of India  |  Bengaluru 

Underlining the huge potential of the business, and MD Salil today said it is a critical element of the market.

Addressing journalists while announcing the third quarter results, said, "We are very clear in any case that the market has evolved and is a critical element of that market. Equally with regard to consulting in terms of focus, we see lot of buying in the today."

Elaborating further, said that over 25 per cent of the company's comes from segment.

"Over 25 per cent of our comes from digital. Last couple of quarters we started talking about new services and software. This quarter it constitutes about 11.6 per cent -- over 6.8 per cent growth over previous quarter. It is growing at a much faster rate," said Rao.

Chief Officer M D Ranganath said that there has been 23 per cent growth in free flow over the last nine months. It was purely generated from operations, he added.

Asked how he will build a strong relationship with the company's founders in the wake of previous Vishal Sikka's exit on an unpleasant note, said, "This is a phenomenal company started by people who had tremendous vision. They have created something which will last very longer. Everything I have seen in the company reconfirms my belief. My hopes and expectations will be to connect with the founders and respect them."

Recalling his pleasant interaction with the founders at the Prize event two days ago, Parekh said he would continue to have a cordial relationship with them.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, January 12 2018. 21:30 IST