Infosys has made few strategic investments and acquisitions during the quarter.
The company acquired Noah Consulting for $30 million. Noah contributed $3 million to the revenues of the companies.
The company has also invested in WHOOP, an early stage company that offers a performance optimisation system for elite professional sports teams, and invested in CloudEndure, a startup that provides Cloud Migration and Cloud-based Disaster Recovery (DR) software.
“We are actively participating in startup investments. The trend of startups in India is very encouraging. It is a very positive sign, as it reflects an innovative youth culture within the country. They say in Silicon Valley that startups fail, but not the entrepreneurs,” said Sikka. On the Grassley-Durbin bill, Sikka stated that they are focusing on the virtual global delivery mode. “If you see, only one-fourth of our employees are based in the US. We are trying to move away from visa dependence as much as possible, and focusing on local hiring,” added Sikka.
Michael Reh quits
Within a year of joining Infosys EdgeVerve, its CEO-designate Michael Reh has decided to leave the firm. Infosys, in an internal communication to employees, said Reh has decided to leave the company to spend more time with his family in Germany.
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