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Beating expectations, Infosys on Friday reported 13 percent jump in consolidated net profit for the third quarter to Rs 3,250 crore, helped by increase in business and clients from North America, as also from India. However, Greyhound Research CEO Sanchit…
Read More Infosys Q3 net profit up 13% at Rs 3,250 crore; beats expectations
Beating expectations, Infosys on Friday reported 13 percent jump in consolidated net profit for the third quarter to Rs 3,250 crore, helped by increase in business and clients from North America, as also from India. However, Greyhound Research CEO Sanchit…
Read More Infosys Q3 net profit up 13% at Rs 3,250 crore; beats expectations
Beating expectations, Infosys today reported 13 per cent jump in consolidated net profit for the third quarter to Rs 3,250 crore, helped by increase in business and clients from North America, as also from India. However, Greyhound Research CEO Sanchit…
Infosys maintains full-year revenue guidance citing strong demand from US-based clients “We believe that if Vishal can reduce attrition in the beginning of the quarter that will be a good start and a positive step towards winning internal confidence,” said…
India's second largest IT services exporter Infosys Ltd reported better than expected net profit numbers and revenue, which were in line with market expectations for the third quarter of the current financial year. However, Sanchit Vir Gogia, Chief Analyst and…
Read More Sikka’s ‘New and ReNew’ strategy sparks a slow turnaround at Infosys
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Blames slowing revenue from financial services, impact of holidays. Slowing revenue from financial services clients and seasonal factors such as holidays and furloughs in key western markets may cause Tata Consultancy Services to report muted earnings growth for the quarter ending…
Confident that strong regulatory and monitoring mechanism will eliminate problems. Despite the Delhi government and some States banning the operations of taxi aggregators after a Uber cab driver allegedly raped a passenger, investors continue to place faith in them, in the…
Avekshaa Technologies, an IT start-up company backed by former Infosys CFO V Balakrishnan, has chalked out aggressive growth plans. “A disruption is needed in the way Indian outsourcers bag deals and more of the old style pitching will not work,”…
EMC Enterprise Hybrid Cloud Federation Software-Defined Data Center (SDDC) Edition with VMware available immediately. Microsoft Cloud Platform and OpenStack® Editions to be available in 2015. Solution offers public cloud interoperability with VMware vCloud® AirTM, Microsoft Azure, Amazon Web Services (AWS) and…
Last month IT major EMC announced globally that it is venturing into the hybrid cloud space. At a recent webinar the IT major explains how the company is furthering its hybrid cloud ambition by launching a new solution for enterprises…
Read More EMC Furthers Its Hybrid Cloud Ambition For Enterprises
The company has announced four new services under its professional services portfolio to for end-to-end turnkey operational management; to analyze application requirements and workload suitability; for IT transformation and education services According to Sanchit Vir Gogia, Chief Analyst and Group…
Read More EMC Announces Professional Services For Hybrid Cloud
Indian IT services companies are realizing that ‘digital’ is the way to go. They are investing in new technologies such as cloud computing, mobile technologies, data analytics among other and bagging high-margin outsourcing contracts to respond to the growing competition. In an…
One of the huge marketing channels which has given corporates great ways to protect and build their digital reputations, is social media.Nowadays, social media is becoming an integral part of life online with the proliferation of social websites and applications.…
Read More Social Media: A Platform for ‘Entertainment’ or ‘Investment’
Infosys is undertaking a cleanup activity that intends to plug any loopholes concerning financial malpractices within the company, which includes severe action such as sacking of more people if found guilty. Sanchit Vir Gogia, analyst at Greyhound Research, said that…
Read More Infosys Begins Probe Into Financial Irregularities In BPO Arm
While Mathews, chief financial officer of Infosys BPO, was sacked on Tuesday for failing to comply with the company's code of conduct, the unit's chief executive officer Gautam Thakkar has quit on "moral grounds" and would leave the company by…
The exit of Infosys BPO unit CFO Abraham Mathews on Tuesday on charges of violating the code of conduct of the company has further fuelled speculations of a cascading effect on other top executives as well. According to Greyhound Research…
Read More Apple Fallout: More Executives Likely To Leave Infy
Infosys Technologies fired the chief financial officer of its BPO unit for allegedly overbilling Apple Inc. for IT support services. “It is a brave step from Infosys’ side to come out and talk about the fraud going on internally in…
Read More Infosys Fired Finance Chief of BPO Unit for Inflating Apple’s Bills
Infosys has sacked its BPO unit CFO Abraham Mathews and will fire some others senior executives for allegedly overcharging Apple Inc for IT support services. “It is a brave step from Infosys’ side to come out and talk about the…
Read More Charges Of Over-Billing Apple Cost Infosys BPO’s CFO His Job
Infosys has sacked its BPO unit CFO Abraham Mathews and will fire some others senior executives for allegedly overcharging Apple Inc for IT support services. “It is a brave step from Infosys’ side to come out and talk about the…
Read More Charges Of Over-Billing Apple Cost Infosys BPO’s CFO His Job
Infosys has sacked its BPO unit CFO Abraham Mathews and will fire some others senior executives for allegedly overcharging Apple Inc for IT support services. "It is a brave step from Infosys' side to come out and talk about the…
Infosys has sacked its BPO unit CFO Abraham Mathews and will fire some others senior executives for allegedly overcharging Apple Inc for IT support services. "It is a brave step from Infosys' side to come out and talk about the…
CeBIT India, a leading Business IT and ICT trade fair, organized by Hannover Milano Fairs India in partnership with Bangalore ITE.biz concluded today. The central theme for the day 3 discussions was ‘Smart Cities’ – how India and Indians can…
Indian phone brands such as Micromax and Lava could soon offer devices with four times more memory. However, industry watchers feel flash memory cards are still too costly for entry-level phones. The price difference could be upwards of 10 per…
Company wants to leverage use of sensors to help augment driving. As Mercedes Benz looks to roll out its future line of luxury cars, it is looking at technology as one of the key differentiators. On the technology front, there are…
Of these, 1,500 will be experienced professionals, while the rest will be hired from American colleges and universities “There is at least a 60-70% variable pay gap between onsite and offshore employees on average. However, these onsite employees are much…
Bharti Airtel had planned to buy Loop’s assets in February, but the deal did not get regulatory approvals. Bharti Airtel Ltd abandoned its `700 crore plan to buy Loop Telecom for its Mumbai operations after the country’s largest telecom operator failed to…
Country’s fifth largest software services firm Tech Mahindra on Wednesday posted a marginal rise in net profit at Rs 719.7 crore for the quarter ended September 2014 on the back of growth in manufacturing and telecom verticals. “With a quarter-on-quarter…
Country’s fifth largest software services firm Tech Mahindra on Wednesday posted a marginal rise in net profit at Rs 719.7 crore for the quarter ended September 2014 on the back of growth in manufacturing and telecom verticals. “With a quarter-on-quarter…
