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Tag: Infosys CEO

Digital Business Now a Critical Element of the Market: Infosys CEO
15Jan By NitishNo Comments
Entrepreneurs Talk

Digital Business Now a Critical Element of the Market: Infosys CEO

Underlining the huge potential of the digital business, Infosys CEO and MD Salil Parekh today said it is a critical element of the market. Addressing journalists while announcing the third quarter results, Parekh said, "We are very clear in any case that the market has evolved and digital is a critical element of that market. Equally with regard to consulting in terms of focus, we see lot of buying in the business today." Elaborating further, Chief Operating Officer Pravin Rao said that over 25 per cent of the companys revenue comes from digital segment. "Over 25 per cent of our revenue comes from digital. Last couple of quarters we started talking about new services and software. This quarter it constitutes about 11.6 per cent, over 6.8 per cent growth over previous quarter. It i...
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Infosys CEO Vishal Sikka takes home Rs 43 cr in FY17
15Apr By AdityaNo Comments
BUSINESS

Infosys CEO Vishal Sikka takes home Rs 43 cr in FY17

Infosys CEO Vishal Sikka, whose pay package was one of the contentions raised by the founders, has drawn USD 6.68 million (about Rs 43 crore) or 61 per cent of the promised compensation for the 2016-17 fiscal. Sikka was eligible for a USD 11 million pay including basic salary, variable pay, restricted stock units (RSUs) and performance stock options for the year. Incidentally, this is also lower than what Sikka drew in the previous financial year when he took home Rs 48.73 crore. According to Infosys' financial statements that outline compensation to key executives, Sikka received only USD 3.68 million of the USD 8 million variable component that he was promised. One of the highest paid executives in the Indian IT industry, Sikka took home USD 0.82 million in variable pay, USD ...
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