Infosys shares surged as much as 6.86 per cent on Friday after Indias second largest outsourcer beat earnings estimate in the December quarter. Analysts said Q3 results bear the imprint of new chief executive Vishal Sikka, who is the first non-founder head of Infosys.
Infosys has been losing market share and battling high staff attrition rate in the last few quarters as it struggled to compete with more nimble rivals.Dr Sikka was brought in last year to chart a new strategy for a company that was once a trendsetter for India’s more than $100 billion IT outsourcing industry
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