Infosys, India's second largest IT services company, was embroiled in a public spat between Mr. Murthy and former CEO Vishal Sikka over alleged corporate governance lapses. Mr Murthy had also questioned ex-CFO Rajiv Bansal being paid a large severance package as 'hush-money'
Days later, Mr Nilekani, himself one of Infosys' seven founders and a former CEO of the company, was named its non-executive chairman in a victory for the founders. The Bengaluru-based company is currently searching for its next CEO and has set a deadline of March 2018 to fill the top vacancy.
Here is the full text of Narayana Murthy's statement:
Infosys, India's second biggest IT outsourcer, today reported a net profit of Rs. 3,726 crore for the July-September quarter, beating the Street's estimates.
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