Infosys Chairman Narayana Murthy on Wednesday said that he
isn’t happy with the way Infosys has performed. He said that they hasn't be
able to cash in Rupee depreciation happened in one year and also they are
unable to improve Operating margins.
He said that they expect about 11.5% and 12% in revenue
growth.
He further added that Infosys can use rupee depreciation to
increase its Operating margins by 41.5 % but instead of rising its operating
margin has fallen by 45 % in last 2 years.
He also said that “Revenue growth has fallen by 22% in the
last two years”.
Narayana Murthy also
said that Infosys grew at 5.8% in FY12-13; FY13-14 In the same time Indian
software industry has been grown by 11%.
After Announcement Infosys Share get Tumbled.
Infosys Share gets down by 8.45% at Rs. 3357.60 per share
down by 313.70 Rs/Share on NSE.
Infosys Share touched Intraday low of 3340.00 Rs/Share and
Intraday High of 3439.90 Rs/Share.
Infosys Senior Vice President Mr Muralikrishna on 12th March, 2014 sold 15,000
shares of the Infosys on NSE.
Now he remains with 55,512 shares from 70,512 shares.
Market capitalization of Infosys reduced to 1,92,799 crore
it get reuced in single day by Rs. 17,997
crore.
Infosys one time was IT Sector no.1 company in India now is
at No.2 after TCS.