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Clients comfortable over assurance of continuity of strategy: Infosys MD

Infy management did a conference call with analysts to talk about demand and business

BS Web Team  |  New Delhi 

Newly appointed Non-Executive Chairman of Infosys Nandan Nilekani (centre) with board members (from left) Ravi Venkatesan, CEO Pravin Rao, D N Prahlad and CFO Ranganath D Mavinakere during a press conference in Bengaluru on Friday. Photo: PTI
Newly appointed Non-Executive Chairman of Infosys Nandan Nilekani (centre) with board members (from left) Ravi Venkatesan, CEO Pravin Rao, D N Prahlad and CFO Ranganath D Mavinakere during a press conference in Bengaluru on Friday. Photo: PTI

In a conference call today with analysts, Infosys' interim CEO and MD said clients were comfortable once they were given reassurance of continuity of strategy after Nandan Nilekani took over as Chairman last month.

"Company is seeing good demand for engineering services while energy continues to be soft and retail continues to struggle," he said.

The management wanted to tell analysts about demand and business weeks after previous CEO Vishal Sikka had quit the company.

Rao further said that "telecom players are cautious on topline and bottomline".

He doesn't expect spending from energy to come back this year.

He said the IT giant already started process of hiring more in US and that net addition is 30% lower than previous year. 

First Published: Fri, September 08 2017. 20:58 IST