Commending the role of N R Narayana Murthy, banker K V Kamath on Friday said the Infosys co-founder had "got the cost equation right" to improve revenue growth.
Kamath, also the non-executive chairman, said it was on "successor" Vishal Sikka to take that agenda forward.
Chief Executive Officer (CEO) and Managing Director-designate Sikka will take over his new role in August from S D Shibulal. Sikka is the first non-founder and an outsider to be appointed CEO in the company's 33-year history. Kamath said, "We always look at a company and a succession with great degree of positivity. I would look at Infosys in exactly the same way." Murthy stepped down as executive chairman on June 14, completing a second stint at the $8-billion firm he founded with six engineers in 1981. He was brought back from retirement in June last year to head Infosys and put it back on a high-growth path when Tata Consultancy Services and HCL Technologies were running ahead.
Asked if there was a timeline to see a turnaround at Infosys, Kamath said the country's second largest software services firm was a profitable company.
"Actually if you look at it, Infosys is a very profitable company so there is no turnaround per se. It is basically to get the top line as it were ticking at a faster pace than it was earlier," he added.
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