Sikka brings cheer to Infosys; stock up 3 per cent

Business

oi-Sunil

By Sunil Fernandes

Updated: Thursday, June 12, 2014, 10:33 [IST]

The appointment of new CEO of Infosys Dr Vishal Sikka was well received by the markets with the stock trading three per cent higher in trade.

Infosys was last trading at Rs 3142 on the National Stock exchange, as investors bet that Sikka would be able to provide the much needed impetus to the company.

Dr. Vishal Sikka was, until recently, a member of the Executive Board of SAP AG, leading all products and driving innovation globally. He has worked closely with leaders of global companies in building breakthrough business solutions. At SAP, he was responsible for all products, from traditional and cloud-based applications to technology and platform products including HANA, analytics, mobile and middleware.

In addition, Dr. Sikka led multiple initiatives to accelerate innovation and research at SAP. He holds a Ph.D. in computer science from Stanford University, USA.

Commenting on his appointment, Dr. Sikka said, "I am honored to lead Infosys, an iconic company built by pioneers in the technology industry. I look forward to working with and learning from talented Infoscions around the world. Computing technology is reshaping every industry across every walk of life. We, at Infosys, have a unique opportunity to deliver breakthrough solutions that will bring greater value to our clients, employees, investors and other stakeholders. I am grateful to the Infosys Nominations and Governance Committee, Mr. Kamath, Mr. Murthy and the Board for this opportunity."

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