Bengaluru, July 23 (IANS) IT bellwether Infosys on Thursday announced that its CEO and Managing Director Salil Parekh will step down from his role after nine years at the helm, as the company appointed Ashiss Kumar Dash as CEO-Designate.The company said Parekh will step down effective from April 1, 2027. Parekh, who joined Infosys in January 2018, is the longest-serving non-founder CEO in the company’s history. His current five-year term was scheduled to end on March 31, 2027.“The Board is del…
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Mumbai, July 23 (IANS) Infosys Limited on Thursday reported a consolidated net profit of Rs 7,775 crore for the first quarter of FY27, down 8.6 per cent from Rs 8,509 crore in the January-March quarter.On a year-on-year basis, however, the Bengaluru-headquartered IT major registered a 12.3 per cent increase in profit from Rs 6,921 crore reported in the corresponding quarter of the previous financial year (Q1 FY26), according to an exchange filing.Revenue from operations rose to Rs 48,211 crore d…