Showing posts with label CTSH. Show all posts
Showing posts with label CTSH. Show all posts

Wednesday, June 19, 2013

Cognizant Rises as Infosys Looks for a Messiah


By Sarfaraz A. Khan
Research Assistant: G. Yousuf
The co-founder of India’s technology giant Infosys (NYSE: INFY), N.R. Narayana Murthy, has returned to the company amid shareholders’ demand for a turnaround following the poor performance of the business.Starting this month, 67-yeas old Murthy becomes the new executive chairman of Infosys for a period of 5 years.
Murthy, who co-founded the software firm in 1981, was the executive chairman between 2002 and 2006 and during that period, Infosys’s revenues quadrupled to $2.15 billion. Since 2006