Infosys has made considerable progress, NR Narayana Murthy says in a letter to employees

A day after Infosys 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