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Work-life balance is the buzzword these days and ample studies have shown how GenZ prefers a job which is flexible in terms of timings. In January this year, a study conducted by Randstad revealed that workers prioritise work-life balance over salary when evaluating potential job opportunities. According to the study, 57 percent of employees would reject a job offer if it negatively impacted their work-life balance. However, even though employees want greater work-life balance, there have been billionaires who disagree with the concept and promote hustle culture instead. From advocating for longer work hours to dismissing the idea of balance altogether, these tech leaders have taken stances that have often stirred the hornet's nest. <h2><keyword id="20068610" type="General" weightage="100" keywordseo="NR-Narayana-Murthy" source="keywords">NR Narayana Murthy</keyword>: Advocating 70-Hour work weeks</h2><keyword id="19906778" type="General" weightage="20" keywordseo="Infosys" source="keywords" meta.keywordsubtype="org" meta.entityname="Infosys" meta.hostid="261" meta.entityid="Infosys">Infosys</keyword> founder NR <keyword id="19920910" type="General" weightage="20" keywordseo="narayana-murthy" source="keywords">Narayana Murthy</keyword> made headlines in October 2023 when he suggested that young people in India should be prepared to work 70 hours a week. Speaking on 3one4 Capital's podcast "The Record," Murthy argued that such an intense work ethic is necessary for India to improve its productivity and compete on the global stage. His remarks sparked a wide-ranging debate online, with some agreeing that increased effort is required to drive progress, while others criticised him for promoting an unsustainable work culture. <h2><keyword id="21042158" type="General" weightage="20" keywordseo="Alexis-Ohanian" source="keywords">Alexis Ohanian</keyword>: Dismissing work-life balance as a farce</h2>Reddit co-founder Alexis Ohanian also shared his views on work-life balance, which he dismisses as an unrealistic ideal. In an August 2023 Twitter thread, Ohanian said that work-life balance is a "farce" and that trying to achieve it is misguided. Instead, he emphasised the importance of knowing when to prioritise work and when to focus on personal life, suggesting that balance is more about shifting priorities rather than achieving a perfect equilibrium. <h2><keyword id="20054707" type="General" weightage="20" keywordseo="Jeff-Bezos" source="keywords">Jeff Bezos</keyword>: Rejecting the trade-off</h2>Amazon founder Jeff Bezos has long been a critic of the term "work-life balance." Speaking at an event in 2018, Bezos explained that he finds the concept debilitating because it implies a trade-off between work and life. He said that he prefers to view it as a "circle" where both aspects are interconnected. In earlier interviews, Bezos had mentioned that his happiness at work positively influences his personal life, and vice versa, suggesting that the two are more intertwined than balanced. <h2> <keyword id="19903807" type="General" weightage="20" keywordseo="Elon-Musk" source="keywords">Elon Musk</keyword>: Sleeping in offices</h2>Elon Musk, known for his demanding work ethic, has also been vocal about his approach to work-life balance—or the lack thereof. During the 29th Annual Baron Investment Conference in 2022, Musk revealed that he used to live in his factories and would sleep on the floor to show his commitment to his work. He believed that demonstrating his dedication in such a visible way would inspire his employees to work harder. Musk has also been critical of what he perceives as a declining work ethic in America, contrasting it with the intense dedication he observes among workers in China. <h2><keyword id="19915280" type="General" weightage="20" keywordseo="Jack-Ma" source="keywords">Jack Ma</keyword>: Endorsing China's "996" work culture</h2>Alibaba co-founder Jack Ma had expressed support for China's controversial "996" work schedule, which involves working from 9 a.m. to 9 p.m., six days a week. In 2019, Ma referred to the "996" culture as a "huge blessing" for young workers, arguing that the opportunity to work such hours is something to be grateful for, especially if one is passionate about their job. He downplayed concerns about overwork, suggesting that those who love their work won't find such hours burdensome.

70-hour work week to sleeping in offices: Golden words on hustle culture from NR Narayana Murthy, Elon Musk, and other billionaires

Infosys founder <keyword id="51793" type="General" weightage="20" keywordseo="nr-narayana-murthy" source="Orion">NR Narayana Murthy</keyword> on Wednesday called out the need for spending $1 billion annually to train teachers in science, technology, engineering and mathematics (STEM) to foster a better education in India. Murthy stressed the need to create 2,500 institutions to train primary and <keyword id="1851633" type="General" weightage="20" keywordseo="secondary-school-teachers" source="Orion">secondary school teachers</keyword> by spending $20 billion over the next two decades. For this, he suggested inviting 10,000 retired highly accomplished teachers from over the globe and India. "One possible way of accelerating NEP's outcome is to invite 10,000 retired highly accomplished teachers from the developed worlds and from India in science, technology, engineering and mathematics (STEM) to create 2,500 'train the teacher' colleges across India", the billionaire businessman said, at the Infosys Prize ceremony, hosted by the Infosys Science Foundation (ISF) in Bengaluru. "We will be able to train 250,000 <keyword id="83234" type="General" weightage="20" keywordseo="primary-school-teachers" source="Orion">primary school teachers</keyword> and 250,000 secondary school teachers every year by this method. These trained Indian teachers can themselves become trainers over a period of 5 years. "We should pay about $100,000 a year," he said, while also stressing the need for providing better facilities and pay to teachers. Further, Murthy said India is still in stage 1 "in some important areas like design of livable cities, pollution management, traffic management,and providing clean and safe water". India must aspire for stage 4 in innovation and invention, where it becomes an inventor of new processes, products, and services, he noted. Awarding the Infosys Prize 2023 to six individuals for their remarkable contributions to scientific research in India, he said, "Learnability, creativity and innovation are the ways to navigate our fast-changing world. We must be daringly inventive to tackle the daunting and persistent problems of today". The awards were in six categories -- Engineering and Computer Science, Humanities, Life Sciences, Mathematical Sciences, Physical Sciences, and Social Sciences. The prize for each category comprises a gold medal, a citation, and a prize purse of $100,000 (or its equivalent in INR).

Spending $1 bn annually can help train STEM teachers in India: Narayana Murthy

A day after <keyword id="6354512" type="CITY" weightage="80" keywordseo="Infosys">Infosys</keyword> reported 0.4% drop in dollar revenue, founder and executive chairman NR Narayana Murthy sent a note to the company's 1,60,405 employees outlining his desire to take Infosys to "industry leading growth". In a letter sent earlier today, Murthy said the Bangalore-based company has made considerable progress in cutting non-productive costs and revamping its training and assessment methods. 
 
Here's a copy of Murthy's letter to Infosys employees, in its entirety: 
 
Dear Infoscions, 
 
We announced our financial performance for FY'14 on April 15, 2014. We have doubled our growth from the previous year to 11.5% and improved operating margin by 2% between Q1 and 4 of FY'14. I thank all the 160,405 of you for your contribution and continued endeavour. 
 
This performance has given us the confidence to reinvest in our employees and I am so glad we rolled out compensation increments and promotions across the company by March 31, 2014. 
 
As a result of your support, we have made visible progress in increasing our market focus, eliminating non-productive costs, measuring and improving individual productivity, making the supply chain more agile and renewing our training and assessment methods. 
 
From the time I returned to Infosys in June 2013, I have met and got to know many of your extraordinary Infoscions in sales, software delivery and business enabler functions better. I believe we have a great team of people who are full of smart ideas and passion. 
 
My best wishes to every one of you. Lets work together toward achieving industry leading growth and profitability as we head into FY'15. 
 
Warm Regards, 
 
NR Narayana Murthy 
 
Executive Chairman of the Board

Infosys Chairman NR Narayana Murthy's Letter To Employees

The spat between <a href="http://www.businessinsider.in/searchresult.cms?query=infosys&amp;sortorder=effectivedate">Infosys</a> founders and the board members regarding the pay packages and governance issues is getting uglier. 
 On one hand where <keyword id="6354512" type="CITY" weightage="100" keywordseo="Infosys">Infosys</keyword> founders are raising objections over pay hikes and severance packages of the people at the helm, the board is saying not much has been raised in the salaries of the top management. 
 
Infosys founder <a href="http://www.businessinsider.in/searchresult.cms?query=narayana+murthy&amp;sortorder=effectivedate">NR Narayana Murthy</a> wrote a letter criticising pay hike given to <a href="http://www.businessinsider.in/searchresult.cms?query=pravin+rao&amp;sortorder=effectivedate">Infosys COO Pravin Rao</a>, calling it unjustified. 
 
However, <a href="http://www.businessinsider.in/searchresult.cms?query=vishal+sikka&amp;sortorder=effectivedate">Infosys CEO Vishal Sikka</a> said pay hike is critical to retain top talent. 
 "It is essential for us to see that this revision in his compensation, as with several of our senior leadership team, is focused on making Infosys more competitive, is benchmarked against peers. (It) is critical for us to retain key talent and align the long-term interests of our leadership team with that of our shareholders," said CEO <keyword id="6369763" type="PERSON" weightage="100" keywordseo="Vishal-Sikka">Vishal Sikka</keyword>. 
 
Meanwhile, Infosys stated the stock given to Rao has a vesting period of four years. This means the net increase in his compensation for fiscal 2018 will be 1.4% which could go up to 33.4% in the fourth year, assuming similar grants are made in subsequent years. 
 
The company said cash component of Rao's salary, including annual cash bonus, has fallen 10.6% to Rs 4.6 crore from Rs 5.2 crore earlier while the performance-based component, directly linked to company and individual performance, has been increased to 63% from 45% of total compensation. 
 
"I do not see Rao's compensation as a corporate governance issue. That is because it is not a related party transaction. Rao is a professional and not a promoter," said JN Gupta, managing director at Stakeholders Empowerment Services. 
 
The issue will be discussed during the two-day board meeting, which is scheduled for April 12 and 13.

Infosys founders Vs board: Here’s what CEO Vishal Sikka said in COO Pravin Rao's defence

Rift between the founders and the management board in <a href="http://www.businessinsider.in/searchresult.cms?query=infosys&amp;sortorder=effectivedate">Infosys </a>has been widening since more than one year now. The two sides are at loggerheads over the large severance paid to former <a href="http://www.businessinsider.in/searchresult.cms?query=rajiv+bansal&amp;sortorder=effectivedate">CEO Rajiv Bansal</a>, disclosed in 2016, and<a href="http://www.businessinsider.in/searchresult.cms?query=vishal+sikka&amp;sortorder=effectivedate"> CEO Vishal Sikka</a> ($11million). 
 
The founders are upset and as per several media reports, some promoters were also upset with the appointment of Punita Kumar-Sinha, an investment banker and wife of Union minister Jayant Sinha, as an independent director. 
 However, the main reason behind the dispute is governance issue and “violation of core <keyword id="6354512" type="CITY" weightage="100" keywordseo="Infosys">Infosys</keyword> values”. 
 
ET reported some of the founders have held the board responsible for what they perceive to be its inability to enforce governance norms. In July 2016, one of Infosys' prominent promoters reached out to a top legal professional in Mumbai. 
 The agenda: to hunt for a co-chairman for Infosys. This, despite the fact that <keyword id="484178" type="PERSON" weightage="20" keywordseo="R-Seshasayee">R Seshasayee</keyword> had been serving as Infosys non-executive chairman for just a year, since his appointment in June 2015. 
 
"The idea was to look for someone who understood core values of Infosys,” an executive told ET. 
 
A few names were thrown up as candidates, including a former Infosys finance hotshot and a retired founder. But the idea fizzled out as Seshasayee stepped down on July 28 as non-executive vice-chairman of Ashok Leyland - a post he had held since 2011- to focus on Infosys. 
 
Industry experts told ET the situation is not yet past the point of no return. "The end goal is the promoters, the board and the management should be aligned. I don't think the situation is irredeemable. If the founders air their problems, this could still be resolved. This isn't like the Tata case,” Shriram Subramanian, MD of shareholder advisory firm InGovern, told ET. 
 
Meanwhile, efforts are going on resolve the dispute. ET quoted two people saying among those involved is a prominent investor in the company - Baburaj Pillai. 
 
Reports of disputes over "internal governance issues, between some of the company's founders and a management keen on charting a new path have spurred efforts to broker peace by the Singapore-based fund manager as well as other influential people, said the sources cited above. 
 
Pillai, the founder of investment firm Arohi Capital, met with co-founder <a href="http://www.businessinsider.in/searchresult.cms?query=narayana+murthy&amp;sortorder=effectivedate">NR Narayana Murthy </a>and chief executive officer <keyword id="6369763" type="PERSON" weightage="20" keywordseo="Vishal-Sikka">Vishal Sikka</keyword> late last year, according to people aware of the talks. 
 
"Pillai met with both of them to try and create common ground. He does not want Sikka to be forced to leave and he also does not want Murthy to feel as though his voice is not important,” one of the people aware of the discussions told ET. 
 
"With regard to concerns on governance being discussed in the media, we would like to reiterate that all decisions have been made bona fide, in the overall interest of the company, and that full disclosures have already been made thereon,” Infosys told ET in a statement.

Trouble is brewing between Infosys founders and board. Here’s everything you should know

<keyword id="637412" type="PERSON" weightage="100" keywordseo="Infosys-founder">Infosys founder</keyword> <keyword id="51793" type="ORGANIZATION" weightage="100" keywordseo="NR-Narayana-Murthy">NR Narayana Murthy</keyword> might just have voiced his support to US Republican presidential candidate <keyword id="6354484" type="PERSON" weightage="100" keywordseo="Donald-Trump">Donald Trump</keyword>'s statement that he had given against outsourcing. 
 
As per a report, Murthy has told delegates at ISB Hyderabad that the Indian software industry has been working like 'immigration agents' for its employees, adding that it’s their responsibility to create local jobs for the youth of the country. 
 
"My belief was that a corporation that has global aspiration has to be fair to its global employees. All Indian companies guarantee visas, they guarantee green cards. The whole exercise has become as if they are immigration agents. I am sorry to say that. Indian companies behave as if they are agents for their employees to cross the Atlantic," Murthy was quoted in the report. 
 
He has given the statement after he was conferred the ISB Honorary Distinguished Fellowship, becoming the first recipient of this fellowship, which has been instituted by the ISB. 
 
The presidential candidate Donald Trump has been blaming India and China for outsourcing people to the US who snatch jobs from Americans. 
 
"They are taking our jobs. China is taking our jobs. Japan is taking our jobs. India is taking our jobs. It is not going to happen anymore, folks," Trump had said. 
 
<a href="http://1v1d1e1lmiki1lgcvx32p49h8fe.wpengine.netdna-cdn.com/wp-content/uploads/2014/09/newdaily_300914_trump.jpg">Image source</a>

This Indian tech honcho thinks that Donald Trump is right about Indians snatching jobs from Americans

While addressing students during their convocation ceremony at the <keyword id="75850" type="ORGANIZATION" weightage="80" keywordseo="Indian-Institute-of-Science">Indian Institute of Science</keyword> (IISc) in Bangalore, <a href="http://www.businessinsider.in/India-has-had-no-earth-shaking-invention-claims-Narayana-Murthy/articleshow/48095649.cms">NR Narayana Murthy</a>, <a href="http://www.businessinsider.in/searchresult.cms?query=Infosys+">Infosys</a> co-founder and chairman emeritus wanted to know if there was a single earth-shaking invention done in India. In other words, he asked whether the country had contributed anything credible towards the overall development of science in the world. 
 
When the Indian scientist community came to know about his views soon after he finished his speech at the premiere institution last week, the reaction was predictable – “what was he (Murthy) speaking after all? And why was he speaking about innovation? What was his contribution to the scientific <a href="http://www.businessinsider.in/searchresult.cms?query=innovation+">innovation</a> in the world? Could someone please stand up and explain?” 
 
The response was defensive, mostly rhetoric. The reason was obvious; Murthy has hit the community where it hurts. The question is why was it wrong to take stock of India’s contribution in the field of research and innovation in the last 60 years? 
 
In the convocation ceremony, Murthy has merely reiterated what most of the Indian scientists have often said about the country’s contribution towards research and innovation. He did not raise this question on an alien platform. He brought it up where it belonged to. 
 
It was, more or less, a wake-up call, pointed towards the students. 
 
If a country like Ireland could contribute in terms of research and innovation, why can’t India? Despite all social and internal conflicts, Iran and Israel have turned themselves into a research hub. On the other hand, India, which has all the resources and infrastructure, had missed the bus. 
 The <keyword id="6354512" type="CITY" weightage="80" keywordseo="Infosys">Infosys</keyword> co-founder has pointed out two reasons - lack of infrastructure and focus on research – that made the country lags behind in the area of research and innovation. No doubt, India has made remarkable achievements in the field of space research. How did it happen? India has put focus on space research, encouraged new talents to work in this field and helped them with better infrastructure. The result is successful <a href="http://www.businessinsider.in/searchresult.cms?query=Mars+Mission+">Mars Mission</a> which many of the developed countries could not achieve and are jealous of. 
 
Another example is <a href="http://www.businessinsider.in/searchresult.cms?query=Green+Revolution">Green Revolution</a>, which became reality in the country with the help of improved infrastructure and a dedicated team of scientists. 
 
Now shifting our attention again to the premier institutes in the country, when we invest enormous amount of money to provide resources to such institutes, it is obvious to expect new results. The government invests a lot every year to provide required resources and infrastructure to IITs, IIMs and IISc. Therefore, the question will arise – where are the results? What are these institutes doing? 
 Scientists will defend themselves, saying research is a continuous process and it takes time to arrive at some conclusion. They will argue that they should not be compared with international institutions like <keyword id="54274" type="ORGANIZATION" weightage="80" keywordseo="MIT">MIT</keyword> and <keyword id="53675" type="ORGANIZATION" weightage="80" keywordseo="harvard">Harvard</keyword>. True. But, if you are not diversifying your research stream, even after you were provided with resources, it would be unfair and somebody will raise a question. 
 
One reason behind India’s failure to contribute towards research and innovation is Indian scientists who are moving outside the country and winning accolades for their contribution in science. Getting nostalgic and tracing Indian roots apart, media also has a serious task at hand, that of aiding introspection. 
 Mark F Schultz, senior scholar, centre for the protection of <keyword id="388837" type="UNKNOWN" weightage="20" keywordseo="intellectual-property">Intellectual Property</keyword> (IP), George Mason University School of Law, had written that innovation in India was lagging owing to underdeveloped IP system. 
 
He wrote, stating a research that showed stronger IP rights are associated with many positive outcomes likely to help a nation bridge the innovation gap. “Nations that protect intellectual property file more patents, have more researchers, invest more in R&amp;D, and enjoy more Foreign Direct Investment," Schultz had said. 
 
(Image: Indiatimes)

Getting defensive won't help India's 'innovation' cause, Narayana Murthy points out some vital elements!

<keyword id="6354512" type="CITY" weightage="100" keywordseo="Infosys">Infosys</keyword>, India’s second largest IT company, admitted it had underestimated the effect of bringing in new and upcoming technologies. This could be one of the reasons that led to the shrinking of market share and decline in profits. 
 Infosys chairman <keyword id="51793" type="ORGANIZATION" weightage="100" keywordseo="NR-Narayana-Murthy">NR Narayana Murthy</keyword> had earlier said that the Bangalore-based company was lagging behind due to a lost focus on its “bread and butter traditional IT services.” 
 
“We underestimated the effects of the adoption of these new technologies and the change in the business model,” he said in a note to investors in the company’s annual report for 2013-14. 
 
“These newer services created smaller projects since many of the engagements were pilots. They also changed the revenue profile since clients preferred a subscription model to buy Cloud services. Our traditional business, IT services, slowed down, perhaps due to a lack of focus,” the co-founder said. 
 
More than three years ago, Infosys had introduced its 3.0 strategy, which aimed at expanding the focus and was looking to “move higher in the value chain.” Chief executive SD Shibulal had earlier said that the strategy would be “relevant to clients in all facets of their enterprises.” 
 
Many experts have, however, called the strategy’s timing inappropriate. Several observers have also questioned the weakness in execution of the 3.0 strategy. According to Partha Iyengar, India head of the IT research firm Gartner, “When Infosys says they want to be a product company, based on a thin stream of IP (intellectual property) scattered around the company, it is a difficult choice. To be a product-led company in the true sense, you need to have an absolute industry-leading product. Also, you cannot move to a product mindset company when you are such a mature player. 
 
“The CEO transition is an important move that the board has to act on in the coming year,” said Iyengar. “With Murthy as executive chairman, the risk in the transition is reduced,” he added

Infosys Admits Making ‘Strategy Errors’

If you think <keyword id="10387" type="CITY" weightage="60" keywordseo="Microsoft">Microsoft</keyword>’s prolonged search for the next <keyword id="5645" type="POSITION" weightage="100" keywordseo="CEO">CEO</keyword> is getting a bit nutty, especially with a disgruntled <keyword id="62333" type="PERSON" weightage="60" keywordseo="Steve-Ballmer">Steve Ballmer</keyword> waiting on the sidelines to hand over the mantle, you are not far from the truth. But then, that is the actual state of the coveted C-Suite nowadays – volatile is the right word if you want to sum it up. There is no job security at the top and even the best performer for years can get redundant within the span of a few weeks. The issues could be many – right from <keyword id="646347" type="UNKNOWN" weightage="100" keywordseo="poor-performance">poor performance</keyword> to <keyword id="610960" type="UNKNOWN" weightage="100" keywordseo="business-restructuring">business restructuring</keyword> to alleged <keyword id="6375736" type="UNKNOWN" weightage="100" keywordseo="corruption-charges">corruption charges</keyword>. But the biggest factor is relevance, a perfect future-fit that can take companies ahead, according to <keyword id="67736" type="UNKNOWN" weightage="100" keywordseo="Industry-experts">industry experts</keyword>. In a difficult <keyword id="34412" type="ORGANIZATION" weightage="100" keywordseo="economy">economy</keyword>, companies are compelled to twist and turn to keep track of profitability and their requirements change accordingly. Hence, their leaders have to adapt, shape up or ship out, as the case might be. 
 India is no exception and business leaders across the country have been frequently ‘released’ by industry giants. Many of them leave with ‘immediate effect’ while others are on garden leave or worse still, waiting for their predecessors to turn up (just like Ballmer). Yet, most of the C-Suite executives are tight-lipped about their departures, at least here in India. We are yet to come across an announcement like the one made by <keyword id="384914" type="PERSON" weightage="60" keywordseo="Groupon">Groupon</keyword>’s founder and former CEO <keyword id="488139" type="PERSON" weightage="60" keywordseo="Andrew-Mason">Andrew Mason</keyword>. But exit happens all the same – be it discreet or blatant. Here’s a quick look at some of the top-notch C-Suite executives from India who parted ways with their respective companies in 2013, their official exit lines and what happened behind the scene.

Strife At The Top: These
11 C-Suite Execs From India
Were ‘Let Go’ In 2013

<keyword id="6354512" type="CITY" weightage="100" keywordseo="Infosys">Infosys</keyword> seems to be back on track, slowly making its way to the pole position it has lost for some time now. True, the NYSE-listed IT firm is still struggling with the visa issues in the US and missed the street estimates for the second quarter ended September 30, 2013. But that has not deterred India’s second-largest <keyword id="708971" type="UNKNOWN" weightage="100" keywordseo="software-services-exporter">software services exporter</keyword> from recording some healthy growth. Interestingly, this is its first full-quarter earnings after <keyword id="170488" type="POSITION" weightage="40" keywordseo="co-founder">co-founder</keyword> <keyword id="51793" type="ORGANIZATION" weightage="100" keywordseo="NR-Narayana-Murthy">NR Narayana Murthy</keyword> came out of retirement and returned to chair the board. 
 But did the iconic business leader manage to right the floundering firm? Let’s have a quick look at the numbers for the 2nd quarter and find out. <keyword id="122699" type="CITY" weightage="100" keywordseo="Infy">Infy</keyword> has reported 1.6% rise in <keyword id="645414" type="UNKNOWN" weightage="100" keywordseo="consolidated-net-profit">consolidated net profit</keyword> to Rs 2,407 crore, compared to 2,369 crore in the same period a year earlier. That’s not mind-blowing, but certainly speaks of growth, in spite of a <keyword id="143723" type="UNKNOWN" weightage="40" keywordseo="volatile-market">volatile market</keyword> and a depreciating <keyword id="6355302" type="ORGANIZATION" weightage="80" keywordseo="Rupee">Rupee</keyword>. 
 Its <keyword id="1153513" type="UNKNOWN" weightage="100" keywordseo="consolidated-revenue">consolidated revenue</keyword> has also soared 31.5% to Rs 12,965 crore, from Rs 9,858 crore in the year-ago period. Overall, <keyword id="6398283" type="UNKNOWN" weightage="100" keywordseo="Revenues">revenues</keyword> rose 15% to $2.07 billion in July-September quarter, from $1.80 billion in the same quarter last fiscal. 
 The Bangalore-headquartered IT giant has raised its <keyword id="1125759" type="UNKNOWN" weightage="100" keywordseo="dollar-revenue-guidance">dollar revenue guidance</keyword> to 9-10% for the full fiscal as against the previous forecast of 6-10%. It has also revised <keyword id="1900013" type="UNKNOWN" weightage="100" keywordseo="rupee-revenue-guidance">rupee revenue guidance</keyword> to 21-22%, again up from 13-17% earlier. Conservative estimates, no doubt, but things seem to be moving now. 
 “During the quarter we witnessed broad-based volume growth, robust client additions, five large deal wins and increased sales momentum of our Big Data and Cloud offerings. This growth is a result of our focus on execution, which helps our clients achieve their objectives,” said <keyword id="385878" type="ORGANIZATION" weightage="100" keywordseo="SD-Shibulal">SD Shibulal</keyword>, CEO and managing director of Infosys. “We will continue with planned investments and initiatives to explore new avenues of growth. We remain watchful of the sustainability of improving global economic fundamentals,” he added. 
 
Incidentally, Infosys has added five US Fortune 500 companies to its client list and globally won five large contracts in Q2 ($50 million-plus multi-year deals). 
 That’s all very well, but is the market feeling equally upbeat? The stock jumped as much as 7.5%, but later lost the momentum and closed just 4.79% higher at Rs 3,273.90. Does that mean the numbers are still not looking attractive, at least not in the short term? The cut-throat competition in the technology sector (from the likes of <keyword id="6357585" type="CITY" weightage="40" keywordseo="Tata-Consultancy-Services">Tata Consultancy Services</keyword>, <keyword id="6370971" type="CITY" weightage="40" keywordseo="Accenture">Accenture</keyword> and more) can further impact its growth prospects and the recent exodus of its top-rung employees would not help either. 
 
So are we back to the basics? Murthy’s presence and sound strategies (going after big-ticket but plain vanilla outsourcing contracts is one among those) are undoubtedly pushing the firm. But is he ready with a long-term vision? It is nice to know that employee efficiency is picking up and profits are rolled back to boost sales and productivity. Some analysts also feel that the worst is over for Infy. But we need to wait and watch before going gung-ho. 
 
With additional input from agencies 
Image courtesy: Indiatimes

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