Date:23/06/2007 URL: http://www.thehindu.com/2007/06/23/stories/2007062355851600.htm

Business

Infosys AGM nod for top-level changes

Special Correspondent

Scales up market base in the non-U.S. regions

BANGALORE: Majority of shareholders of Infosys Technologies, at the company’s 26th annual general meeting here on Friday, approved the top-level management changes and the final dividend of 230 per cent on the par value of Rs. 5 per share, driven by 46 per cent revenue growth and additional income of $1 billion in 2006-07.

Addressing the AGM, N. R. Narayana Murthy, who continues to guide the company as Non-Executive Chairman and Chief Mentor, said, “Our geographical spread and breadth of services continues to expand; over 43 per cent of revenues are from services introduced within the past five years”. The revenue grew by 75 per cent and that of Infosys Consulting by 49 per cent. Nandan Nilekani, who has passed on the CEO’s baton to ‘Kris’ Gopalakrishnan, said he was proud of his tenure, when Infosys could weather the ‘IT bubble burst’ and grow both its revenues and scale up its market base in the non-U.S. regions.