Infosys also said it agreed to buy Kallidus Inc and an affiliate, which provide digital services such as mobile commerce for retail clients, for $120 million.
“We see the industry going through a fundamental and structural transition. Despite being a challenging quarter, I am encouraged by the early successes in executing our Renew – New strategy, on a foundation of learning
We were able to improve profitability during the year even as we made in vestments into our employees and other strategic areas. We have been able to achieve this because of increased operating efficiencies despite a difficult pricing environment