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India’s Infosys to exit Russia business | Malay Mail

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MUMBAI, April 13 — Indian software giant Infosys said today it was “transitioning” out of the Russian market following the Ukraine war and conflict of interest accusations levelled at Rishi Sunak, the British finance minister. Sunak’s wife Akshata Murty holds a nearly US$1 billion (RM4.2...

MUMBAI, April 13 — Indian software giant Infosys said today it was “transitioning” out of the Russian market following the Ukraine war and conflict of interest accusations levelled at Rishi Sunak, the British finance minister.

“Given what is going on in the region, we have started to transition all of our work from our centres in Russia to our centres outside Russia,” chief executive and managing director Salil Parekh told a media briefing. But he declined to confirm if the company’s board has discussed recent criticism surrounding Murty’s stake in the company.Infosys also announced quarterly earnings today but fell short of analyst estimates despite strong growth on the back of sustained demand for digital services since the pandemic.

 

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