Bengaluru, Jan 11: India’s second-biggest IT company, Infosys Ltd, said it found no evidence of financial misconduct by its executives following a investigation into whistleblower complaints.
Bengaluru-headquartered Infosys, which earlier on Friday raised its revenue forecasts due to upbeat demand from Western clients, said an audit committee report exonerated Chief Executive Officer Salil Parekh and Chief Financial Officer Nilanjan Roy of all allegations, including accusations that the duo prevented employees from presenting data on large deals.
“I’m very happy that CEO Salil Parekh and CFO Nilanjan Roy have emerged from this stronger,” Infosys Chairman Nandan Nilekani told reporters. “The last two years since Salil has been here the company has changed dramatically for the better.”
Parekh took over as Infosys CEO in January 2018, after his predecessor Vishal Sikka quit following a public row with the company’s founder executives amid whistleblower allegations of wrongdoing.
The company earlier said it expected revenue to grow between 10 per cent and 10.5 per cent on a constant currency basis in the year ending March 2020, compared with its previous forecast of between 9 per cent and 10 per cent.
“We continue to see momentum in the market and we have an extremely robust pipeline driven by segment leaders,” CEO Parekh told a news conference.
“With the strength of large deal wins and digital momentum, we were able to clearly see that we have support to raise our guidance.”
Comments
Y Governments, Police and Judiciary Silent over this serious matter? If Bajarangdala is taking weapon training it is not ((Desh Drohi)) ???
we cannot image India's future. if allow like, India will become Afghanistan if not taken any strict action definitely one day india will lose its all....
Fake news and Fake photo ... stop this nonsense CD .. Hahahaha shaji heltavne kelrappo .. andaman ge kaluhisabekanthe ... andu ameekondu koorappa saaku .. even if it is true , its not a surpise at all ... we must be armed to protect bharath mata ... we are not violating indian laws and we are using common weapons ... bholo bharath mata ki jai ...
MODI original collection next future plan to attack muslims....
RSS is another face of devil. Thisz terrorist and anti indian outfit should be banned immediately and all its assets be seized. Arrest the terrorists carrying out the training and debar them to Andaman Nicobar islands for ever.
So government itself supporting all this activities, then catching the innocent and framing as TERRORIST.
ALL FAKE NEWS..
where is Indian law here..
another face of ISS is RSS
Indian Taliban
these outfit is more dangerous than isis to the country....
#BAN RSS,BD,VHP# AND SAVE INDIA
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