Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
September 25, Monday 2017 8:50 PM       

       HEADLINES: Court to consider Kavya’s anticipatory bail plea later today                                              Lake encroachment: Chennithala demands prosecution of Thomas Chandy                                              Case against Jayarajan to close: Report submitted to vigilance director                                              Vallathol Award for Prabha Varma                                              No need of anticipatory bail for Kavya Madhavan: HC                                              Rajiv Mehrishi takes oath as CAG of India                                              Amit Shah slams Rahul for defending dynastic politics                                              Ram Rahim moves Punjab & Haryana HC challenging CBI court's rape case verdict                                              Merkel wins fourth term, hard right gains foothold in parliament                                              Former world’s ‘heaviest’ woman Eman Ahmed passes away                                              Afghan security forces kill 15 Taliban insurgents in Logar province                                              US expands travel ban, adds N Korea, Chad to the list                                              Sports Ministry recommends P V Sindhu for Padma Bhushan                                              I have been hitting sixes since childhood: Pandya                                              Bumrah, Bhuvi are best death bowlers around: Smith                                              Kaumudi Facebook
       BUSINESS Next Article: Airlines asked to make 'No Fly' list of unruly passengers  
       Feedback from clients positive, reassuring: Infosys
 
         Posted on :00:34:09 Sep 9, 2017
   
A A
       Last edited on:00:34:09 Sep 9, 2017
         Tags: Feedback from clients positive, reassuring: I
 

NEW DELHI: IT major Infosys Friday said the feedback from its clients and stakeholders, despite weeks of acrimony between the founders and former board members, has been "positive and reassuring" and it is now focusing on executing its strategy.

The Bengaluru-based firm has been in the eye of a storm over the past few months, with the two sides clashing over allegations such as corporate governance lapses and irregularities in Infosys' USD 200-million Panaya acquisition.

"Since Vishal left and Nandan came on board, we have had a massive outreach. We have talked to all the stakeholders, clients and employees," Infosys interim CEO and MD U B Pravin Rao said at the Citi Global Technology Conference 2017.

He added that the company has also reached out to investors and industry consultants and "more or less, the feedback has been extremely positive and reassuring."

Rao said Nilekani's return has brought in a sense of stability at the board level.

"Nandan's primary focus as the non-executive chairman is more on the board governance, board oversight but at the same time, he will also be tasked with CEO succession planning," he added.

On August 18, the then CEO Vishal Sikka quit Infosys, citing slander. The following week saw the exit of four board members, including Chairman R Seshasayee, who had blamed co- founder N R Narayana Murthy's "misguided campaign" for Sikka's abrupt exit.

Co-founder Nandan Nilekani was named the non-executive Chairman in a move that was seen as the company bowing to the demands of co-founders and large institutional investors.

Referring to Sikka's exit, Rao said while many clients were "sad" to see him go, at the same time, they acknowledged the fact that "relationship between both the organisations lasts beyond individuals."

"Once we gave them a reassurance of continuity in strategy and stability, they were fairly comfortable," Rao added.

Asked if Infosys would change its revenue guidance for the year, Rao said there were still three weeks to go in this quarter and that focus currently is on strategy execution.

Infosys expects its revenue to grow by 6.5-8.5 per cent in constant currency during FY 2017-18.

A A
       BUSINESS
Next Article: Airlines asked to make 'No Fly' list of unruly passengers
 
 
BUSINESS HEADLINES
Sensex logs more losses, Nifty weakens  
Bajaj Finance witnessed a sharp rise in EMI card user base in 12 months  
NDTV shareholders approve sale of its auto e-commerce unit  
Brace yourself for currency shortage as banks to remain closed for four days  
Etihad Airways launches 'fly now pay later' scheme  
Fall in prices of select commodities  
Arvind Subramanian to continue as Chief Economic Advisor  
Note ban was a shake-up, achieved its main objectives: Jaitley  
Stressed assets core area of concern: Jaitley  
SBI launches FTSE SBI Bond Index series in London  
Sensex tanks 448 pts on global sell-off, falling rupee  
FinMin dispels concerns over high GST transition credit  
'Tax on fuel more important for a dry state like Gujarat'  
Tata battle: NCLAT grants shareholding waiver to Mistry  
Jaitley asks biz not to wait till last day to file GST returns  
"Distinct Person" under the GST Act is a recipe for inviting tax litigation  
Tata Technologies appoints JK Gupta as new Chief Financial Officer  
Nifty ends flat amid caution ahead of Fed meet  
Ministry of Tourism reports 11 pct growth in FTA in August  
Fuel prices may come down by Diwali: Pradhan  
GST on petrol, diesel requires wider discussion: Nitish  
Nifty ends at new peak 10,153, Sensex soars 151 pts  
Nifty scales fresh peak of 10,167.15, Sensex climbs 235 pts  
MiG eyes deal to supply military jets to Navy  
RBI likely to keep policy rate on hold till fiscal-end: Report  
 
Do you think protest against 'Ramaleela' is justified?
Yes
 
No
 
No Opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy