Happy to have rolled out increments at Infosys, says Murthy

Infosys Executive Chairman N. R. Narayana Murthy reacts to a shareholders comment during the company's 32th Annual General Meeting in Bangalore, India, Saturday, June 15, 2013. Murthy, one of founders of the company, retired from Infosys in 2011 but returned earlier this month after halting performances for two years by a company that had earned a reputation as the industry's leader for both growth and profitability. (AP Photo/Aijaz Rahi)

Infosys founder and executive chairman N.R. Narayana Murthy has said that the company’s performance has given the IT major the “confidence to reinvest in our employees.”

In the letter to Infosys’ employees, a copy of which was accessed by The Hindu , he wrote that the company’s performance in the last fiscal has given it the “confidence to reinvest in our employees” and that he was happy to have rolled out increments and promotions this March.

He implored employees to “work together toward achieving industry leading growth and profitability as we head into FY15”.

Mr. Murthy’s letter comes even as the company is, on the one hand, in the midst of a tightening as part of its cost-utilisation programme.An Infosys employee told The Hindu that apart from the letter the former CEO also met employees in a recent quarterly ‘Townhall’ session when he spoke about the company’s future plans.

“As a result of your support, we have made visible progress in increasing our market focus and improving productivity,” he wrote.