Infosys to sack non-performers

Murthy assured analysts that the company is undertaking various initiatives to increase employee productivity and would continue to focus on reducing on-site costs by shifting more work offshore.

He said: “Our desire is that Infosys should get back to industry leading growth rates. What that growth rate will be is something that we will tell you as we move forward.”

Once the sectoral bellwether, Infosys' revenue growth rate dropped significantly in the last few years, raising concerns among investors and analysts.

On return, Murthy initiated a major organisational restructuring which saw eight top-level exits including that of Americas head Ashok Vemuri and BPO head V Balakrishnan in the past six months.

Murthy told analysts that Infosys would have a new chief executive by March 2015 when co-founder and present CEO SD Shibulal retires.

“The new CEO will be in place by the time Mr Shibulal is ready to leave, sometime in March 2015, and I will be available for him to ensure that there is a proper transition,” he said.