Top Indian tech CEO quits over 'malicious' attacks [CNNMoney.com]
Infosys Limited American Depositary Shares (INFY)
Last infosys limited american depositary shares earnings: 4/21 04:00 pm
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Source: CNNMoney.com
Top Indian tech CEO quits over 'malicious' attacksThe CEO of one of India's biggest outsourcing firms has resigned after months of tensions between the company's leadership and its founders.Infosys (INFY) said CEO Vishal Sikka is stepping down "effective immediately."The tech company's shares plunged more than 7% in Mumbai following the announcement."Over the last many months and quarters, we have all been besieged by false, baseless, malicious and increasingly personal attacks," Sikka wrote in his resignation letter, which was released by the company.Sikka said the allegations against him and other top executives were "repeatedly proven false and baseless" through independent investigations."But despite this, the attacks continue, and worse still, amplified by the very people from whom we all expected the most steadfast support in this great transformation," he said.That appeared to be a reference to some of Infosys' founders, who have publicly criticized the company over issues inc
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INFY
News
- Infosys Limited (NYSE: INFY) had its price target lowered by analysts at BMO Capital Markets from $21.00 to $18.00. They now have a "market perform" rating on the stock.MarketBeat
- Infosys (INFY) Q4 Earnings and Revenues Surpass Estimates [Yahoo! Finance]Yahoo! Finance
- Infosys Limited (NYSE:INFY) Q4 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Infosys Limited (NYSE: INFY) had its price target lowered by analysts at Susquehanna from $15.00 to $14.00. They now have a "negative" rating on the stock.MarketBeat
- Infosys Limited (NYSE: INFY) had its "hold" rating re-affirmed by analysts at HSBC Holdings plc. They now have a $20.10 price target on the stock.MarketBeat
INFY
Earnings
- 4/19/24 - Beat
INFY
Sec Filings
- 4/18/24 - Form 6-K
- 4/2/24 - Form 6-K
- 2/22/24 - Form 6-K
- INFY's page on the SEC website