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BRIEF-Infosys reaffirms previous findings of external probe into Panaya acquisition
October 24, 2017 / 10:34 AM / a month ago

BRIEF-Infosys reaffirms previous findings of external probe into Panaya acquisition

Oct 24 (Reuters) - Infosys Ltd

* Gross client additions of 72 in Sept quarter

* Says Sept quarter annualized standalone employee attrition at 17.2 percent ‍​

* Says process of identifying the next CEO and shareholder consultation outreach have been initiated and are progressing well‍​

* Says co appointed D. Sundaram as chairperson of audit committee with effect from Oct 24‍​

* Says Sept quarter annualized consolidated employee attrition at 21.4 pct‍​

* Says board reaffirms the previous findings of external investigations that there is no merit to the allegations of wrongdoing‍​

* Says co “now globally benchmarked its severance pay and revised its senior management employment contracts”‍​

* Company has identified opportunities for improvements in processes and practices, which have been implemented

* Says going forward, it is co’s “endeavour to build a trusting relationship with Mr. Murthy”‍​

* Concluded that publishing additional details of probe would inhibit co's ability to conduct effective probe into any matter in future Source text: (bit.ly/2yGazBO) Further company coverage:

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