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Betting big on new technologies to boost growth, country's second-largest software services firm Infosys will acquire US-based automation technology company Panaya for USD 200 million (over Rs 1,200 crore). The all-cash deal is the second-largest acquisition for the Bangalore-based firm, after…
Read More Infosys To Buy Automation Tech Firm Panaya For $200 MN
Betting big on new technologies to boost growth, country's second-largest software services firm Infosys will acquire US-based automation technology company Panaya for USD 200 million (over Rs 1,200 crore). The all-cash deal is the second-largest acquisition for the Bangalore-based firm, after…
Read More Infosys To Buy Automation Tech Firm Panaya For $200 MN
The National Association for Software and Services Companies expects Indian IT exports to grow 12-14% in FY16, after the industry marginally missed its growth forecast for the current financial year. The projected growth is slower than last year, raising concerns on…
Read More Nasscom Sees Flattish Export Growth Next Fiscal At 12-14 Per Cent
With the resumption of the discussions on Social Security Agreement and Bilateral Investment Agreement finding pride of place in Prime Minister Narendra Modi's announcements at the joint press meet with visiting US president Barack Obama, the country’s IT sector is…
Read More Indian IT Industry Mood Lifts on Totalisation Pact
‘Trespassers will be recruited,’ an adage that defined the hiring needs of India’s $120-billion IT services space in the last decade may no longer hold true. All indications are that frontline companies may hire fewer staffers going forward as they bring…
Read More The days of ‘big bang’ hiring by IT firms may be over
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 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
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…
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
Infosys, which had sacked its BPO unit CFO Abraham Mathews, is looking at firing few more senior executives for allegedly overcharging Apple Inc for IT support services. "It is a brave step from Infosys' side to come out and talk…
Read More Infosys BPO To Fire More Sr Executives Over Apple Payment issue
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…
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…
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…
Nutanix, a Web-based converged infrastructure company, has announced its entry into the Indian market and plans to build a team of skilled engineers in Bangalore. As a part of its go-to-market strategy, Nutanix will also look at partnering with system…
The traditionally strong September quarter saw an unusual and unexpected slowdown in what seems like winter setting in a bit too early for the country’s top IT services companies. The December quarter is usually the weakest for the companies, with long…
Read More #GreyhoundInMedia: IT hits a speed breaker #Press #Media @ExpComputer
Infosys Ltd, India’s second largest software services exporter, on Friday reported a higher-than-expected 28.6% increase in fiscal second quarter (Q2) net profit as it added almost 50 new clients and benefited from a foreign exchange gain. The company announced a…
Cap Gemini SA, the Paris-based consulting and software services firm, is trying to save costs by farming out more work to its centres in India and hiring freshers from colleges.Capgemini, which has software development centres in more than 10locations outside France,…
Read More India to become Capgemini’s default offshoring location soon
Deal to bolster firm's position in healthcare IT. In what could strengthen its leadership in the healthcare technology space, Nasdaq-listed information technology (IT) services company Cognizant has entered into a definitive agreement to acquire US-based TriZetto in an all-cash deal valued…
Analysts say no performance pressure on Sikka for at least two quarters. Even as big hopes have been pinned on Infosys' new Chief Executive Officer Vishal Sikka, experts believe that the Street is in a patient wait-and-watch mood and there…
Balakrishnan declines to comment; Pai out of the country The timing of the letter recommending a buyback of shares worth ₹11,200 crore sent to the Infosys board by two former Infosys CFOs V Balakrishnan and TV Mohandas Pai, reeks of…
Once a darling of stock markets, Infosys is now battling challenges like pushing growth and retaining talent and these are issues that the newly appointed CEO Vishal Sikka will have to act on fast to rekindle confidence among customers and…
