Murthy has served as Mphasis' CFO since July 2009 and will continue in his role till June 3, 2014, the company said in a statement.
MphasiS, the IT and business process outsourcing service provider, has seen some changes in recent years. First, the Bangalore-based company promoted by Jerry Rao was acquired by EDS. Then, HP acquired EDS last year.
The IT and BPO services provider's CEO says there are no salary cuts yet, but can't say what will happen three months ahead. According to MphasiS' (interim) Chief Financial Officer, Susanto Banerjee, the company has already been working to so convert its fixed costs, "progressively over the quarters." It is also looking at fixed costs involving infrastructure. "We are thinking of having our future infrastructure on pay-per-use basis," he said.
The unprecedented rainfall in Chennai during the first week of December and the resultant flooding had impacted the business operations of companies operating in Chennai
Private equity firm Blackstone will buy out HP Enterprise's stake in Mphasis for up to Rs 7,071 crore, marking the largest IT deal for the US-based firm in India
Amid subdued demand for traditional information technology (IT) services offerings, Indian IT services players are betting on big data, as this is high on clients' agenda.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances