Infosys made another acquisition and this time the size of the acquisition was reasonably big. Infosys acquired Axon which is a listed company in the UK.
Infosys paid US$753.1 million in an all cash deal. The surprising thing about this acquisition is that Axon is just another SAP consulting firm though their revenues have grown quite nicely in the last few years based on the financials here.
I wonder what’s the strategic intent of this acquisition made at a P/E of 20 in a kind of slowing economy. Is it because Infosys needs a stronger presence in UK, where Axon has close to 1400 employees? Is Infosys strategy to move work to India and improve margins?
Shouldn’t Infosys make a more bigger acquisition in an emerging area?
Tags: Infosys, M&A, IT services
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Dr. Abdul Kalam — Eminent scientist and ex President of India, whose lessons on managing failures, I found valuable visited Singapore recently. I attended his talk on Dynamics of National Development at the CII – IBF forum and the entire lecture can be found here.
Several things that he spoke about, inspired me. The thing about righteous living and the role of the primary school teacher in addition to the parents in inculcating righteous behavior brought tears to my eyes for its simplicity and profound thought. He made the entire audience recite the wonderful yet simple poem on Righteousness which goes as follows:
“Where there is righteousness in the heart
There is beauty in the character.
When there is beauty in the character,
there is harmony in the home.
When there is harmony in the home.
There is an order in the nation.
When there is order in the nation,
There is peace in the world.”
This reminds me of Rabindranath Tagore’s poem..” Where the mind is without fear..”
We have had philosophers and pragmatists. Yet very few have lived a life of great achievements and be a pragmatic philosopher with another big vision of igniting young minds.
Dr. Kalam, You are undoubtedly God’s gift to India and humanity at large.
Tags: Dr.Abdul Kalam, igniting young minds, National Development, primary teacher
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In a small town, a person decided to open up a Bar business with some raunchiness thrown in for good measure. There was nothing wrong with the business, except for the fact that it was right opposite to a temple. At first, the temple authorities tried persuading the businessman to change the location, but failed in their efforts. They appealed to the local administration who couldn’t do anything because the prevailing law of the land didn’t have any specific restrictions about locating businesses. Finally, the temple and its congregation started a campaign to block the Bar from opening with petitions and prayed daily against his business.
Work progressed. However, when it was almost complete and was about to open a few days later, a strong lightning struck the bar and it was burnt to the ground.
The temple folks were rather smug in their outlook after that, till the Bar owner sued the temple authorities on the grounds that the temple through its congregation and prayers was ultimately responsible for the demise of his bar shop, either through direct or indirect actions or means.
In its reply to the court, the temple vehemently denied all responsibility or any connection that their prayers were reasons to the bar shop’s demise as any admission of their action could render them liable based on the prevailing rules of the land.
As the case made its way into court, the judge looked over the paperwork at the hearing and commented: “I don’t know how I’m going to decide this case, but it appears from the paperwork, we have a bar owner who believes in the power of prayer and we have an entire temple and its devotees that don’t.”
Tags: God, religion, judgment, paradox, business
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