Infosys sees marginal impact on profits amid covid-19; CEO salary at $6.15 mn in FY20

NEW DELHI : IT services major Infosys has said its profitability may be “marginally impacted” and its cash flows negatively affected amid covid-19 pandemic.

Also, Infosys CEO Salil Parekh drew a pay package of about USD 6.15 million (at current exchange rate worth ₹46.44 crore) in fiscal 2020, Infosys said in a regulatory filing.

Outlining risks related to the occurrence of COVID-19, Infosys said its profitability may be marginally impacted as some clients have sought price reductions or discounts.