Infy CFO quits amid growth problems

The chief financial officer (CFO) of Infosys Technologies Ltd stepped down on Friday in the backdrop of growth problems.

The chief financial officer (CFO) of Infosys Technologies Ltd stepped down on Friday in the backdrop of growth problems.

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The software giant, however, said V Balakrishan would stay on as a member of the board and head the company’s BPO and banking product unit. Infy’s shares fell 5.5% on Friday as it didn’t revise upwards its revenue outlook for the year as expected.