INSUBCONTINENT EXCLUSIVE:
Also, the IT services firm said it would grow faster than anticipated in the current financial year
misgovernance.
Infosys said it will continue to cooperate in investigations by the US Securities and Exchange Commission (SEC) and Sebi into
charges of financial malfeasance against CEO Salil Parekh and CFO Nilanjan Roy by anonymous complainants
Speaking to reporters at the company headquarters Friday, non-executive chairman Nandan Nilekani said Parekh had come out of the internal
would not speculate on how long the SEC might take to conclude its investigation
We are giving them full cooperation and we are keeping them fully up-to-date
And we will take those discussions to the logical conclusion
as many quarters to 10-10.5%, up from 9-10% at the end of the second quarter.
It reported revenue of $3.24 billion, up 9.5% year-over-year
in constant currency, and a net profit of $627 million for the third quarter, underscoring the strong outlook at the company that said it is
winning large deals from customers and market share from peers with its digital offerings.
The Infosys ADR was up 5% on the New York Stock
both the CEO and CFO on the whistleblower issue and also finds no proof of financial impropriety and misconduct
non-executive chairman of Infosys in August 2017 in the aftermath of a governance battle between former CEO Vishal Sikka and Infosys founder
NR Narayana Murthy, pointed to the possibility that the whistleblowers may not have been employees.
A combative Nilekani also addressed
media queries about the slew of whistleblower letters Infosys has faced over the past three years
Just because someone says they are employees, does not mean that is the case
It is equally likely that they were outsiders
been provided any evidence that the whistleblowers have ostensibly given to the SEC
He said there was no way to determine what evidence, if any, the SEC had received
the assistance of independent legal counsel
BNP Paribas.
In rupee terms, the company reported revenue of ?23,092 crore, up 7.9% year-on-year, and a net profit of ?4,466 crore
The company reported an operating margin of 21.9% at the end of the quarter, within its operating margin band of 21-23%.