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Infosys Q4 numbers go off track, CEO Vishal Sikka's pay drops 40%

Infosys to spend $2 billion on buyback or dividends over 12 months

Vishal Sikka, M D Ranganath, U B Pravin Rao
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Infosys CEO Vishal Sikka (C), Chief Financial Officer M D Ranganath (R) and COO U B Pravin Rao during a press conference to announce the annual financial results of the company at its headquarters in Bengaluru

Ayan PramanikRaghu Krishnan Bengaluru
Infosys Chief Executive Officer (CEO) Vishal Sikka’s annual compensation has dropped by 40 per cent on the back of poor business performance, even as he struggles to grow traditional information technology (IT) services revenue and push for large deals in higher priced software-led services with clients globally.

Sikka took home $6.7 million in FY17, against the contracted $11 million, as he slipped on mobilising the company to execute and achieve his target of double-digit growth. Sikka has a fixed pay of $3 million, the remaining being variable, based on performance targets. He earned a compensation of $7.08 million in the