Infosys has planned to bring ‘flexible work from home model’ on a permanent basis for its employees. Infosys found that nearly 93 per cent of its 2,40,000 employees were comfortable to work from home within the first week of its adoption of ‘Work From Home’ measure after the COVID outbreak. According to Infosys COO, U B Pravin Rao, ‘work from home’ model has not affected the productivity of the company’s employees and the company has been able to overcome the crisis perpetuated by the Pandemic. He said, “Depending on the client requirements and projects, a flexible work from home option for employees will be introduced”.
Infosys Chairman, Nandan Nilekani said, “Our remote access infrastructure was expanded 10x for virtual private network bandwidth and back-end capacity scaled by 4x to support the increase in concurrent connected remote users”.
Infosys CEO, Salil Parekh said, “IT services firm has a strong $3.6 billion balance sheet due to healthy deal signings and increase in the digital revenues”. The company’s standalone revenues increased by 8.1% in FY20 to Rs 79,047 crore. About 97.4% of revenue came from exports while 2.6% of revenue was generated through domestic markets. About 39% of the company’s total revenue was generated through digital services and solutions, as per the 39th annual report of the company.
Parekh added that the company, “has launched localisation components to build more resilient businesses in different geographies to navigate better with changing visa regulations”. He said that the company’s more than 60% of the workforce in the US comprises locals.