Vishal Sikka says businesses are doing good even as promoters lose more than Rs 1,200 crore

Even as Infosys promoters and promoters group lost more than Rs 1,200 crore, CEO Vishal Sikka said the company was doing well in all the segments.

Infosys announced its financial results and reported a consolidated net profit of Rs 3603 crore, down nearly 3% from Rs 3,708 crore reported for the sequential quarter ended December 31, 2016, disappointing investors and analysts.

However Sikka said Infosys was doing well, especially in the new businesses, but a seasonally soft quarter affected the company's performance.

Sikka said Infosys crossed the $10 billion annual revenue mark for first time ever and it aims to achieve $20 billion annual sales by 2020. "The 2020 aspiration is a 'moonshot' and it has always been so,” he said.

As the earnings report was announced, the stocks slid that eroded the wealth of founder NR Narayana Murthy and his family, who together held around 8 crore shares in the company as of December 31, 2016, by Rs 331 crore during the quarter.

Similarly, co-founders Nandan Nilekani (including family members), S Gopalakrishnan, SD Shibulal and K Dinesh saw wealth erosion by Rs 268 crore, Rs 307 crore, Rs 179 crore and Rs 118 crore, respectively.

The company's stock was trading 2 per cent lower at Rs 949 in morning trade on Thursday following the quarterly earnings.