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Infy to keep cash for biz

"Our 'building tomorrow's enterprise strategy continues to see good traction with our customers as we are executing it with our 3.0 version. We have to, but, align our offerings closely to the business priorities of our customers," Kamath told the investors.

The paradigm shift in customers' business requirements

Keeping in view the paradigm shift in customers' business requirements, the global software major has re-grouped its service offerings into four heads -financial services and insurance, manufacturing, energy, utilities, communications and services and retail, consumer packaged goods, logistics and life sciences.

Allaying apprehensions of some shareholders who expressed concern over the blue chip's performance and operations while the fourth quarter of the fiscal pursuant to this agreement review, Kamath said even in the face of an uncertain global economic environment the company grew 23 per cent year-on-year in topline and posted 22 per cent YoY growth in net profit, with operating cash flows growing at 24 per cent YoY.

"We are building our consulting and systems integration business that combines with high-quality offshore systems integration. We are as well into cloud in a big way with over 140 engagements and 3,000 cloud experts and investing in focused solutions and intellectual property to offer greater value to customers'' added Kamath.

Higher dividend payout

Every other Infosys shareholder asked for a higher dividend payout. The company has been criticized for hoarding over $ 4 bn cash pile on the balance sheet. But, Infosys told shareholders that it plans to retain the money for growing the business and making acquisitions.

More information: Ciol