Murthy wanted the full report of an external inquiry, which gave the management a clean chit, to be made public. But while Tata Consultancy Services Ltd, its larger rival, has gained almost 9% so far this year, Infosys has fallen more than 7%. Infosys also slashed its full-year guidance and distanced itself from Sikka’s outlandish revenue goal of $20 billion by 2020. Infosys now trades below 15 times earnings, almost a 40% discount to the Nifty index. Coming clean was really the better option, Infosys.

Source: Mint October 24, 2017 15:11 UTC