Zee Media Bureau
New Delhi: IT services major Infosys kicked off the earnings season by announcing its quarterly numbers on Friday
Infosys posted 5 percent growth quarter on quarter to Rs 3,250 cr as against Rs 3,096 cr previous quarter.
The IT bellwether has maintained FY15 Dollar revenue guidance at 7-9 percent.
The company has also made changes to the Board. The Board, at the meeting held on December 4, 2014, appointed Prof. John W. Etchemendy as an independent director effective December 4, 2014, a company release said.
Dr. Omkar Goswami retired as a member of the board effective December 31, 2014, it added.
It further said that Parvatheesam K will step down as the Chief Risk & Compliance Officer and Company Secretary effective January 10, 2015.
Adressing the press at Infosys headquarters, CEO Vishal Sikka said that the company sees good demand in North America while that in Europe is a bit muted.
Stating that the volume growth of 4 percent is best in 3 years, Sikka said the company, " Saw good traction in financial services in Europe."
Company's COO said that it will take a few quarters for the attrition rate to come down.
Infosys , which has been losing market share and battling high staff attrition rates in the last few quarters, is looking to boost growth by focusing on high-margin services including artificial intelligence and automation.
Shares of Infosys were up 2.93 percent at Rs 2,032.50 on the BSE.
