Once again Infosys did not perform better than the market expectations. The result was expected as it is directly reflecting the global sentiments. For Infosys, certainly it is more than the global economic stagnation. It is a loud and clear signal for change of the business model and the company approach to the market reality.
In any case Infosys now does not deserve so much of media bashing. The company was darling of investors for last so many years and still is in positive growth while most of the global companies are struggling even harder. The CFO of the company stepping down should not be seen as fallout of lower than expected results for the company. In a way, this is a positive move of a seasoned leader who wants his next line to grow up.
“ From a predominantly US based market and typically a body shopping model to a product and platform company is not something which can be now easily achieved…”
Narayana Murthy did a great job and retired with grace handing over the reins of the company to the next in command even though he could have continued for several years more. These are signs of mature leaders. However, precious little was done by them in changing the direction of the company which they require the most. From a predominantly US based market and typically a body shopping model to a product and platform company is not something which can be now easily achieved. This change would need two Narayana Murthy and several years of time.
The question is however, does Infy have so much time before it recedes into a shadow of itself?
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