Infosys bets on new services to push sales to $20 billion by 2020

April 24, 2015 admin bellwether, case, dampening-hopes, india, infosys, picture, statutory, the-bellwether, under-chief, vice-president

By Aman Shah and Devidutta Tripathy MUMBAI (Reuters) – Infosys Ltd, India's second-largest software services exporter, on Friday posted quarterly net profit that lagged most analyst expectations, dampening hopes of a quick turnaround after top management changes. Bengaluru-based Infosys, once seen as the bellwether of India's $150 billion IT services industry, has in recent years struggled to innovate and retain market share due to a staff exodus that also impacted its ability to win lucrative deals.

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Infosys bets on new services to push sales to $20 billion by 2020