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Shibulal's wife Kumari Shibulal sold over 2.70 lakh shares while Gaurav Manchanda, the son-in-law of the Infosys co-founder, sold over 3.89 lakh shares.
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At the end of the March 2021 quarter, Shibulal held a 0.05 per cent stake in the company.
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Raising concerns about its growth guidance, Murthy said Infosys hasn‘t been able to cash in on the rupee depreciation and operating margins.
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Though Ambit has upgraded Infosys‘s EPS estimates, it remains ‘sell‘ on the stock as it doesn't see the company to be a growth leader. There has been top level attrition in Infosys of late.
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Investors are euphoric on the stock as the IT exporter raised its full year (FY14) dollar revenue guidance to 11.5-12 percent from 9-10 percent earlier, which was largely in-line with analysts' expectations of 11-12 percent.
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This shows that under Murthy, the company is chasing volumes in a tough market where pricing is crucial to bagging contracts from penny-pinching clients.
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JP Morgan says it does not believe that investors must read anything amiss into growth implications for the coming two quarters due to the unchanged USD revenue guidance (at the upper-end).
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Infosys' net profit grew just 1.5 percent quarter-on-quarter to Rs 2,410 crore for the quarter ended September 2013, impacted by one-time visa settlement charge of Rs 219 crore during the quarter.
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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.
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Infosys Technologies, darling of the markets in the last quarter, has promised zero growth in dollar revenues in the January-March quarter of 2012 for various reasons — especially the uncertain prospects for global growth.
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Shibu understood what Infosys 3.0 is, but unfortunately the company has not delivered any thought leadership that the market needed from them. Infosys has had a problem in stepping out of their comfort zone, Satchit Vir said.
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The cut was because of the board aligning compensation of employee directors in line with that applicable to other employees as well, the CNBC-TV18 report said.
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What did Infosys do, or not do, to send its share tumbling by nearly 20 percent in one day? At around 2:30 pm on Friday, the stock lost about Rs 600 wiping out nearly Rs 35,000 crore of investor wealth and crashing the rest of the market with it.
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The revenue guidance for fiscal year 2014 was below that of the industry guidance given by NASSCOM, because it would be an achievable target, SD Shibulal, MD & CEO, Infosys told analysts soon after the company announced its fourth quarter results.
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Infosys shares trimmed early losses caused by the cut in FY13 guidance, after the management clarified that the dollar guidance of 5% did not include numbers from the recently acquired Lodestone.
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IT giant Infosys met street expectations with its second quarter results, but hugely disappointed with a deeper cut in earnings per share guidance for the full year. Its shares slumped over 7% in morning trade.
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Political instability has been one of the main reasons why business sentiment has taken a beating in Karnataka. But with a new Chief Minister in place the second replacement following Yedyurappa's infamous exit post the illegal mining scam, the question is are things going to change for the better? reports CNBC-TV18's Vineetha Athrey.
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The conservatism that served Infosys Ltd so well for three decades is now stunting its growth, prompting calls from investors for new blood at the top of India's showpiece outsourcer.
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Infosys Technologies Executive Co-Chairman Kris Gopalakrishnan today said Infosys has not seen clients reducing their budget plan on information technology due to the slowdown in the US and Europe this year.
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First time in Infosys’ thirty-year-history, it announced appointment of four new directors on the same day.
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Infosys HR Director Mohandas Pai’s resignation set off alarm bells ringing in the world of Indian IT. Pai explains his reasons for leaving to Forbes India.
