Infosys announced its quarterly results today with India's second largest IT firm preparing for slower growth. This was the first quarterly results announcement since the return of Co-founder, Nandan Nilekani- who said that the search for the next CEO was still in progress.
The company is of course looking for a new CEO after the dramatic exit, in August, of former CEO and MD, Vishal Sikka, after a very public spat with co-founder, N R Narayana Murthy, who had raised questions on corporate governance. A sticking point for Mr Murthy had been the controversial acquisition of the software company, Panaya, in a $200 million deal.
Mr Nilekani's first remarks to the media were that he was happy that Infosys was 'boring' once again - the only voluntary reference he made to the turbulence that had hit the company. "I am glad that we are back to being a boring company that doesn't create news," he said.
He and Infosys seemed to want to put all that behind them.
The company press release said, "The Board reaffirms the previous findings of external investigations that there is no merit in allegations of wrongdoing." Mr Nilekani said that if he was asked questions about the issue, he would merely read from the press release.
But memories of the public spat between founder Mr Murthy and former CEO Mr Sikka were still fresh - and this was another topic that he avoided. NDTV asked Mr Nilekani if Mr Murthy was still giving inputs to the Board, to which he replied that he would not want to comment on that.