Infosys Chief Executive Officer (CEO) Vishal Sikka’s annual compensation has dropped by 40 per cent on the back of poor business performance, even as he struggles to grow traditional information technology (IT) services revenue and push for large deals in higher priced software-led services with clients globally.

Sikka took home $6.7 million in FY17, against the contracted $11 million, as he slipped on mobilising the company to execute and achieve his target of double-digit growth. Sikka has a fixed pay of $3 million, the remaining being variable, based on performance targets. ...