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.”
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EVEN BJP AND RSS PEOPLE EAT BEEF SECRETLY. I can name them
BJP and sangh parivar will not digest this truth and will protest. Hegde/Yoodiyoorappa may call for karnataka bandh.
Dear Swamiji, Thank you for your statement. But we knew it while going through Hindu scriptures. And as Abu Muhammad said, you are talking about the good person RAAM. But BJP is talking about vote bank RAM or could be about Computer RAM (Random Access Memory)
Seer. Dont say cultural imperialism. Instead of that use simple words. Such kind of terms brainless RSS people cant understand
I know one thing. Seer told one fact that is RSS and BJP trying to impose cultural imperialismin India
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Seerji, you are taking about Mahatma Gandhiji's MARYADA PURUSH RAM, but Sangh Parivar's political ARM of RAM is different, vote bank RAM, what is in the scsriptures is immaterial what Sangh says is eternal truth!!
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