Infosys’ survey of CIOs shows companies are on growth path

24 October 2002

Fremont, California: Infosys Technologies (www.infosys.com) president and CEO Nandan Nilekani welcomed more than 230 executives to the company's annual customer event by sharing his perspectives on the importance of leadership roles in creating a positive corporate culture, the current economic climate and issues facing business and technology executives, and the integral part that Infosys is playing to help companies transform their businesses through the use of technology.

Broad themes garnered from a poll conducted during the event suggest that the primary factor driving corporate IT strategies is the value added by IT to help achieve desired business results. Significantly, despite continued challenging economic conditions, half of those surveyed listed the launch of new IT projects or programs as their primary strategic objective for the coming year.

According to those polled, the need to outsource is increasing - 75 per cent expected their 2003 outsourcing levels to be higher than last year, and as many as 97 per cent consider offshoring as part of their outsourcing strategy.

Moreover, the majority of the respondents, 81 per cent of whom hail from companies with annual revenues of $1 billion or more, consider Infosys to be the best or among the best service providers that they work with.

“Our esteemed guests, including Bob Dole, Larry Bossidy and Tom Peters, spoke of the need for companies and executives to refocus on the elements of leadership that make them attractive to clients, employees and partners,“ said Nilekani of keynotes delivered at the company's Milan event, held at the Evergreen Resort in Atlanta.