Murthy got cost equation right,successor to take it forward:Kamath

Tags: News
Commending the role of N R Narayana Murthy, veteran banker K V Kamath today said the Infosys co-founder had "got the cost equation right" to improve topline growth.

Kamath, who is also the non-executive Chairman, said it is now upon the "successor" Vishal Sikka to take that agenda forward.

CEO and Managing Director-designate Sikka will take over his new role in August this year from S D Shibulal. Sikka is the first non-founder and an outsider to be appointed CEO in the company's 33-years old history.

"The key challenge in Infosys is clearly Narayana Murthy got the cost equation right and was working on the top line growth and it is for the successor to take that agenda forward," Kamath told CNBC.

He added that one has to look at succession with positivity.

"We always look at a company and a succession with great degree of positivity. I would look at Infosys in exactly the same way," he said.

Murthy stepped down as Executive Chairman from June 14, completing a second stint at the over USD 8 billion firm, which he founded along with six engineers in 1981.

He was brought back from retirement in June last year to head Infosys and put it back on a high-growth trajectory at a time when peers like TCS and HCL Tech were out-performing Infosys.

Asked if there was a timeline to see a turnaround at Infosys, Kamath said the country's second largest software services firm was a profitable company.

"Actually if you look at it, Infosys is a very profitable company so there is no turnaround per se. It is basically to get the top line as it were ticking at a faster pace than it was earlier," he added.

EDITORIAL OF THE DAY

  • It is for the market, not the government to decide the fares of private air carriers

    In a country where substantial lip service is paid to the glories of a free economy and laissez faire, there is enough evidence to suggest that in rea

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

New masters of the Financial Times

A few days ago, Japan’s leading financial daily Nihon Keizai ...

Anuja Sharma

Focus mindfully to get the result

Have you ever tried to light a fire using the ...

Gautam Gupta

Our fashion schools need to notch it up

“Creativity is the key to success and primary education is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture