Bangalore, Apr 15 (PTI) Seeking to nip the talk of
Infosys Chairman N R Narayana Murthy's son being prepared for
a bigger role in the company, its CEO and MD S D Shibulal
today said Rohan's term will end with that of his father.
The senior Murthy, who co-founded the company with six
other engineers in 1981, was last year brought back from
retirement to the helm of affairs after the Bangalore-based
firm posted lacklustre results.
He joined back in June, 2013 as Executive Chairman,
bringing along his son Rohan Murthy as his executive
assistant.
Since then, many have expressed apprehensions that Rohan
is being groomed for the top job at the country's second
largest software services firm.
"At this point in time, Narayana Murthy has clearly
articulated that Rohan has come in in a specific role and his
term will end with the end of Narayan Murthy's term," Shibulal
told CNBC TV18.
With the exit of many senior level executives -- many of
whom were considered to be in the fray for the CEO position
after Shibulal's retirement next year -- the rumours only grew
strong.
"Rohan is acting as Mr Murthy's Executive Assistant and
his term will end with Mr Murthy's term. It was very clearly
articulated. At this point in time, there is no other change
in policy," Shibulal said.
Infosys today reported a 25 per cent jump in consolidated
net profit for the quarter ended March 31, 2014, helped by
large deals and an uptick in client spending in Europe.
The firm posted a consolidated net profit at Rs 2,992
crore for the fourth quarter of last fiscal from Rs 2,394
crore in the year-ago period.
Revenue for the reported quarter rose 23.2 per cent to Rs
12,875 crore from Rs 10,454 crore.
However, the country's second largest software services
exporter said it expects its US dollar revenues to be in the
range of 7-9 per cent for the 2014-15 fiscal, which is way
below industry body Nasscom's projection of 13-15 per cent.
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