Software, digital technology and computing are reshaping the world, Sikka, 47, said on Thursday at
Sikka, who spent 12 years at German business software supplier SAP, may be just the accelerant
The Indian software services provider wants to maintain its importance in a world where companies are moving computing tasks to 'cloud' programmes from
"The move signifies
"It also shows that the firm is not afraid to try something different."
Sikka is getting his chance after an abrupt departure from SAP last month. The new chief executive officer will face the task of winning outsourcing contracts in a rapidly changing environment where companies want mobile applications to interact with consumers and rent shared computing services rather than maintain their own servers.
"Sikka has a good reputation and track record at SAP, and we will have to see what steps he takes to turnaround the business," said
"It looks like a good first step," Maier said, adding it would take a few quarters to turn things around.
The company's gross profit margin narrowed to 35.8 per cent in the fiscal year that ended this March from 45.8 per cent in the 12 months ended in
"They're currently underearning what they've earned historically," said
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