Some execs who quit had larger aspirations than Infosys could offer: CEO

The earnings season kickstarted with better-than-expected numbers from Infosys . The erstwhile IT bellwether reported a 19.4 percent on-quarter rise in profits in the third quarter and raised its FY14 revenue guidance .

SD Shibulal, CEO, Infosys said the next fiscal is going to be an "exciting" as client confidence is seen returning.

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When asked why nine top level executives exited Infosys after founder Naranyana Murthy returned to the company, Shibulal told CNBC-TV18: "They have different aspirations and ambitions."

According to Shibulal, some of the senior management had larger aspirations than what Infosys could offer.

"Infosys has a large pool of leaders but finally there is only one spot at the top," he said.

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He, however, added that the management transition has been smooth.

Over the past seven months, the Bangalore-based company has lost at least nine senior-level executives, including board member V Balakrishnan and global manufacturing head Ashok Vemuri.

The company has also been struggling to retain talent in mid and junior levels.