Infosys, India’s second largest information technology (IT) services company, is now looking at significantly improving its win rates of large deals, apart from increasing its employee utilisation rates, as part of its growth execution strategy in the medium term.

The Bengaluru-based company, which showed strong growth in the quarter ended October, is now targeting large deals in the range of $1.5 -2 billion which would help it achieve industry growth rate level in financial year 2017, Chief Financial Officer (CFO) Ranganath Mavinakere said addressing the Axis Capital Conference in Mumbai on Monday.

BENGALURU: Software major Infosys has been named as one of the most relevant service providers for digital strategy in a report by global management consulting firm Everest group for its brand recall in the US.

"Everest in a report-'North America digital adoption survey - how pervasive is your digital strategy?' mentioned that Infosys had high brand recall in a survey of IT leaders across 120 US enterprises," the company said in a statement here.

The programme is being funded by the researchers through their university grants amounting to $57,000.

About 200 founders of Indian startups will get together at the Infosys campus in Mysuru in January 2016 for a three-day retreat and conference. The session will commence with yoga, and end late night with brainstorming on strategies to push their companies to the next level. Design-thinking methodologies will be employed by the startup founders to identify and resolve certain problems such as: What emotions would their company want to invoke from customers? What would make the company obsolete in three years? etc.

Infosys and Huawei on Tuesday jointly launched Smart Stadium Solution to provide high-speed Wi-Fi access and smart services for users in stadiums and exhibition centers.

The solution integrates Huawei’s Agile Network and Infosys’ Entertainment Experience Platform. This solution can be combined with entertainment hubs to enable innovative service experiences and operational models.

Infosys, India’s second largest IT services company, on Monday said that it has signed a definite agreement to acquire Noah Consulting, a provider of advanced information management consulting services for the oil and gas industry.

The acquisition was an all-cash deal, with an aggregate purchase consideration of $70 million (around Rs 454 crore), the company said.

Former Chief Financial Officer (CFO) of IT major Infosys Ltd, V Balakrishnan today joined city-based digital consultancy firm Kaar Technologies as an Independent Director.

A veteran in the information technology sector, Balakrishnan would also head Audit Committee of Kaar Technologies, its Chairman and CEO Maran Nagarajan said.

Continuing to fall for the second straight session on Wednesday, shares of Infosys lost over 2 per cent, after the company slashed its dollar revenue guidance for the current fiscal.

Shares of the software services major fell by 2.12 per cent to settle at Rs. 1,098.65 on BSE. During the day, it dipped 3.15 per cent Rs. 1,087.10. At NSE, the stock slipped 2 per cent to close at Rs. 1,099.40.

Beating expectations of the market, India’s second largest IT exporter Infosys reported robust numbers for the second quarter ended September 30, 2015.

Fuelled by strong client spending and large deal wins, the company clocked a net profit of Rs.3,398 crore, registering a growth of 9.8 per cent when compared with the same period a year-ago.

Despite posting a strong financial quarter in terms of revenue growth and profitability, Infosys indicated some weakness ahead when it cut its revenue guidance for the full year.

The Bengaluru-based company said it is now expecting its dollar revenue for FY16 to grow between 6.4–8.4% as against the earlier projected 7.2–9.2%, indicating some weakness in deal flows going forward.

Infosys is due to announce its earnings figures for the second quarter on October 12. For the first quarter ended June 2015, the company posted a consolidated net profit of Rs 3,030 crore, down 2.19 per cent, against Rs 3,098 crore in the sequential quarter ended March 2015. Net sales of the company jumped 7.03 per cent quarter-on-quarter (QoQ) to Rs 14,354 crore.

For the second quarter, market experts foresee revenue growth of over 6 per cent (in rupee terms) and net profit growth of over 12 per cent on a Quarter-on-Quarter basis (QoQ).

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