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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 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
During his keynote address at the inaugural session at CeBit India, the local edition of the world's largest IT expo, in November last year, Infosys CEO Vishal Sikka first expressed his "disappointment" with the Indian IT services industry. He had…
Assuaging concerns over some sections of the industry that Infosys is becoming a product company, CEO Vishal Sikka has asserted that it will continue to be a services company going forward. “The trick for Sikka would be to do a…
Read More Infosys Will Remain A Services Firm, Says Sikka; Promises To Deliver More Value
India's fourth largest information technology outsourcing company HCL Technologies said on Tuesday that it expects a strong dollar to adversely impact its revenue in the second quarter ending December 2014. "Looking at the performance and numbers of HCL and TCS in this…
Read More Q2 Call: HCL Technologies Expects A 210 bps Hit On Its Revenue
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…
Amiable, convivial and genial are some of the adjectives used to describe Krishnakumar Natarajan, or KK, the easygoing CEO of Mindtree. In January 2011, though, nothing was going easy for the Bangalore-based IT and outsourcing company, which was co-founded by…
With markets hitting new highs almost everyday and business sentiment improving, India Inc got on to the mergers and acquisitions (M&A) bandwagon closing as many as six deals worth Rs 27,153 crore in just seven days. On the TechM deal,…
Read More Deal stream: Six deals worth Rs 27,153 crore closed in just seven days
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
Amiable, convivial and genial are some of the adjectives used to describe Krishnakumar Natarajan, or KK, the easygoing CEO of Mindtree. In January 2011, though, nothing was going easy for the Bangalore-based IT and outsourcing company, which was co-founded by…
With the markets hitting new highs almost every day and an improving business sentiment, India Inc got on to the mergers and acquisitions (M&A) bandwagon closing as many as six deals worth Rs. 27,153 crore in just seven days. The deal…
Read More Deal Street Sees Rs. 27,000-Crore Mergers and Acquisitions in a Week
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
In the largest acquisition in Indian software services space this year, Tech Mahindra will buy out US-based Lightbridge Communications Corporation (LCC) for US $240 million (over Rs 1,486 crore) in an all-cash deal. Greyhound Research CEO Sanchit Vir Gogia said…
Read More Tech Mahindra Buys LCC For $240 Million In Largest Indian IT Deal This Year
In the largest acquisition in Indian software services space this year, Tech Mahindra will buy out US-based Lightbridge Communications Corporation (LCC) for US $240 million (over Rs 1,486 crore) in an all-cash deal. Greyhound Research CEO Sanchit Vir Gogia said…
Read More Tech Mahindra buys LCC for $240 million in largest Indian IT deal this year
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…
Tata Consultancy Services, the information technology unit of the Tata Group, is more than a quarter of the way to its goal of garnering $1 billion (more than Rs 6,150 crore) in revenue from the group's companies, two people with…
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…
The International Business Machine Corp. (IBM) move to offer Twitter data as part of select cloud-based services will especially help mid-sized Indian firms reduce capital expenditure when investing in social, mobility, cloud and analytics (SMAC) technologies, say experts, while helping…
It's been 16 months since Amazon, the $75 billion American e-tailer, launched a full-fledged online marketplace in India. It's been three months since its founder Jeff Bezos committed $2 billion of investments to its Indian operations. Even as those operations…
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…
