Cost cutting has begun to deliver; analysts say the real turnaround will come when Murthy's impact is evident on sales and delivery.
Murthy, 68, will cease to be the non-executive Chairman with effect from Oct 10.
Unfazed by the exodus of top executives, Infosys co-founder and Executive Chairman N R Narayana Murthy on Friday said he wished luck to those who quit the firm and said the company has a strong cadre of leaders and that its future will not be "compromised".
Brokerage firm says recovery under Narayana Murthy to take longer than expected; stock dips 3%.
Companies are expected to firm up their business plans for the second half of the year.
To an outsider, the exits could signal turmoil and, perhaps, even trouble. But, Infosys, on the contrary, seems to be back as stock markets' darling.
The son is not being groomed for a bigger role in the company as of now.
Top business leaders to raise issues on investment, trade and the rupee
Recently, some software firms formed a separate body called the Indian Software Product Industry Round Table, or iSpirt.
E-commerce major Amazon on Wednesday said it will acquire Prione Business Services - its joint venture firm with Catamaran, subject to requisite regulatory approvals. Prione Business Services was formed in 2014 and was coming up for renewal on May 19, 2022. In August this year, Amazon and NR Narayana Murthy's Catamaran announced that they will not continue their JV beyond May 2022. The two parties had not disclosed the reason behind the decision.
Shibulal talks about the company's new focus areas under the chairmanship of N R Narayana Murthy, and their rationale.
India's innately hierarchy-prone corporate culture produces its share of willing sycophants, says Kanika Datta.
The Infosys co-founder, who was brought back to head the firm in June last year, also expressed unhappiness over the laggard performance in the last two years.
Infosys did not disclose the nature of the information sought by Securities and Exchange Board of India.
N R Narayana Murthy addressed Infosys staff on Thursday for the first time since taking charge of the beleaguered company as the executive chairman.
Infosys Chief Executive Officer-designate Vishal Sikka might be new to Indian information-technology (IT) services business, but his past credentials were enough for the company's shareholders to offer him a warm welcome at an Extraordinary General Meeting (EGM) that was called to seek approval for his appointment, among other things.
Murthy created today's situation by pushing into leadership positions people who should not have been there.
For the first time since its inception over thirty years ago, these exits will lead the company to have a non-founder CEO.
The one-time bellwether of the country's IT industry has slid to the third spot in terms of revenue, overtaken by a relative upstart, Cognizant Technologies (TCS is the largest).
The stranglehold of the founders over the Infosys management has strengthened after the recent changes.
Their investments in start-ups exceed Rs 1,000 crore at present.
A centralised, founder-led model that relies on organic growth is no longer workable.
The company's inflexibility on prices and margins and a tradition of rotating leadership roles amongst its founders have made it less nimble than rivals.
Information technology leader Ganesh Natarajan hailed N R Narayana Murthy's reappointment as executive chairman and additional director of Infosys on Saturday.
The National Association of Software and Services Companies (Nasscom) on Saturday welcomed re-appointment of N R Narayana Murthy as Infosys Executive Chairman, saying his insights into the company and the technology industry would be valuable.
The Rashtriya Swayamsewak Sangh (RSS) on Sunday distanced itself from an article critical of Indian software major Infosys that was published in Panchjanya, a magazine associated with the saffron organisation.
Opposition Labour's Valerie Vaz also retained her Walsall South seat and Seema Malhotra won her south west London seat comfortably.
Fascinating stories of how 30 famous companies got their names.
Speaking to engineering students at the annual convocation of the Indrprastha Institute of Information Technology, Delhi, Murthy pointed out that the much famed Indian software sector ends up importing every innovation from the West despite the fact that the country produces a large number of software professionals.
The development comes at a time when Infosys' shares are trading at a record high.
'Children are curious by nature, so I thought of writing these books, which provide creative but convincing explanations and also teach values like sharing is caring,' Sudha Murty tells Chintan Girish Modi.
Founders should have faith in themselves, their vision and their team, feels Infosys founder Narayana Murthy.
'The move is a succession plan where Sikka comes on the board as vice chairman.'
The US legal action is likely to further strengthen public opinion, at a time of high unemployment, against information technology outsourcing -- which is seen to take away jobs from locals.
Too many corporate leaders cherish the crown of indispensability.
After 2 years of criticism, the brokerage firm approves new direction but says quick turnaround unlikely.
The overall trend to professionalise has always seen an upward trajectory, but at varying rates of adoption.
Top decision-making body, executive council, will be dissolved on April 1.
Infosys must focus on a few steps for quicker returns, says a Barclays report.
The Rs 600-crore (Rs 6-billion) fund wants to become a global-style limited-partnership investor. It was a venture capital fund formed after much thought and attention to detail, like almost all the moves.
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