The company is aiming to reduce its revenue from its core business in application development and maintenance and other IT services to about one-third of revenue over the next five to seven years, with business consulting and systems integration contributing another one-third of revenue, Shibulal said. The balance revenue will come from cloud applications, and a new products and platform business that focuses on creating products and platforms, and then offering them to customers in return for a license fee, payment per transaction, or royalties.
Consulting and system integration currently account for about 25 to 27 percent of revenue, while products and platforms only account for about 7 percent.
Infosys will not resell cloud applications from other software vendors, though some of its applications use software from Oracle and SAP and other vendors as the underlying platform, Shibulal said. TalentEdge is for example built on Oracle's PeopleSoft Human Capital Management Suite.
Infosys offer its platforms from a private, hybrid or public cloud, and has already tied with datacenter providers, Shibulal said. Cloud platforms and products will change Infosys' business model to an extent as the company has to now invest upfront in technologies and intellectual property, and wait for revenues to kick in, he added.