Analysts believe the full year dollar revenue guidance (FY14) is the key to watch out for. According to them, if the company does not increase the guidance then the stock may see knee-jerk reaction.
Stephen Pratt had played a key role in building the consulting business for Infosys and was a member of the executive council.
During the period, the IT major's attrition rate increased to 17.3 percent compared to 16.9 percent in the June quarter. It saw net addition of 2,964 employees in the quarter. Overall, 12,168 employees joined Infosys and its subsidiaries during the second quarter.
The Bangalore-based firm is witnessing an exodus of its top management in the past few months. Last month saw the exit of Infosys Board member and Head of Americas business Ashok Vemuri and Vice President and financial services head for the Americas Sudhir Chaturvedi.
SD Shibulal, MD & CEO at Infosys is a pleased man after the IT bellwether surprised the street with better-than-expected numbers. He confirmed that responsibilities of Basab Pradhan, who left the company recently, have been given to Ashok Vemuri.
Pradhan tweeted that he was resigning to go back to the startup world. He was a member of Infosys' executive council and was seen as one of the candidates for the CEO post once SD Shibulal retires in 2015.
Once the tech bellwether, Infosys, has been hit hard by the global economic downturn in the last couple of years. With clients postponing discretionary spends, Infosys' volumes took a hit.
IT major Infosys reported a better than expected numbers in the third quarter of FY12. However, the company disappointed with its dollar revenue guidance for the fourth. In an interview to CNBC-TV18, the management discuss the quarter gone by and give their outlook going forward.
Basab Pradhan who used to head global sales for IT major Infosys is all set to make a comeback. The move is part of a new team that CEO designate D Shibulal is looking to put together to pull up growth, CNBC-TV18’s Sunanda Jayaseelan reports.