Hit by Vishal Sikka's surprise exit, Infosys may miss FY18 growth target, lose ground to rivals - News Summed Up

Hit by Vishal Sikka's surprise exit, Infosys may miss FY18 growth target, lose ground to rivals


"We expect significant senior-level departures over the next six months till a new CEO is found. The target, announced in April, came after the company changed its estimate for growth in fiscal 2017 three times in a row. "Infosys has underperformed Sikka's lofty goals set in 2015 and has seen a sharp slowdown in growth," said Rudra. In reply to email queries from ET, Infosys in a statement said, "The company will not comment on rumours or speculation. "Sikka's departure will also likely embolden rivals to make a play for clients rattled by the top management turmoil.


Source: Economic Times August 20, 2017 18:37 UTC



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