Wednesday, May 8, 2013

Murthy spending more time with Infosys top execs

In a move that may assure investors, Narayana Murthy, Chairman Emeritus at Infosys, is believed to have been actively involved in the operations of the company for the past few months.

ET Now sources have said that Murthy is spending more time with the top management and is said to have posed some tough questions to the leaders in the company's Annual Strategy Review Meet.
Murthy who retired in 2011, is also believed to be playing a big role in formulating the IT giant's strategy on the US immigration issue. The move comes even as Infosys has been posting results that have largely disappointed market and investors.

Responding to a query on the same Infosys management told ET Now that in his capacity as Chairman Emeritus, Murthy's advice is available to any Infoscion who seeks it.

In April, Infosys tied-up with New-York based IPsoft in a decisive move that has the potential to drive revenue growth at the Bangalore-based company which is under pressure to demonstrate industry-matching performance.

The partnership with IPsoft, widely regarded as the IT industry's new benchmark in non-linear growth, is not an exclusive one for India's second-largest software exporter. But by virtue of being the first among Indian outsourcing companies to do so, the tieup will give Infosys a head-start on competition in infrastructure management, one of the fastest-growing service lines for the $76 billion (Rs 4.1 lakh crore) IT exports sector.

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