India's second largest IT services provider Infosys Ltd surprised investors by posting a better-than-expected margins and net profit for April-June 2014 (Q1 FY2015). The company managed to beat consensus expectations with the consolidated net profit falling 3.5 percent sequentially to…
Tag: IT Services
IT Report Card To The NDA Government – Evaluating The Union Budget 2014-15
As a follow-up to our previous reportr where Greyhound Research highlighted pain points IT decision makers are facing in India, below is an IT report card for the NDA Government post the announcements in Union Budget 2014-15. This report card assesses…
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#GreyhoundInMedia: Sikka to play important role in Infy transformation, revival to be gradual: Analysts #Press #Media #Firstbiz
Standing at the "cusp of change", IT services giant Infosys will now widen its focus on software assets and intellectual property under its new CEO Vishal Sikka, analysts said today. Sikka, who takes over from the current CEO and MD S…
#GreyhoundInMedia: Infosys at ‘Cusp of Change’, Revival to be Gradual: Analysts #Press #Media #NDTVProfit
Standing at the "cusp of change", IT services giant Infosys will now widen its focus on software assets and intellectual property under its new chief executive Vishal Sikka, analysts say. Mr Sikka, who takes over from the current CEO and managing…
#GreyhoundInMedia: Infosys takes step to stop high attrition #Press #Media #DNA
Though Infosys has managed to hire Vishal Sikka as its CEO, the company still has a huge task cut out for itself as it stares at an employee attrition rate of 19.5% for the June quarter. The company saw attrition…
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#GreyhoundInMedia: Attrition woes continue at Infy #Press #Media #HinduBusinessLine
Over 10,000 employees left the software major during the first quarter. Infosys will take another 3-4 quarters to curb attrition, which is at an all-time high with around 10,627 people having left the company in the first quarter of 2015 fiscal. In…
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#GreyhoundInMedia: Infosys at cusp of change, revival to be gradual: Analysts #Press #Media #EconomicTimes
Standing at the "cusp of change", IT services giant Infosys will now widen its focus on software assets and intellectual property under its new CEO Vishal Sikka, analysts said today. Sikka, who takes over from the current CEO and MD S D Shibulal…
#GreyhoundInMedia: Infosys beats St ahead of new CEO takeover #Press #Media #DNA
Net profit rises 22% year on year on new order wins; co retains 7-9% revenue growth guidance. Infosys Ltd posted first-quarter profit that beat analyst estimates as India's second-largest software services company won more orders. Net profit rose 22% to Rs 2,890 crore…
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#GreyhoundInMedia: Infosys cheers Street as Q1 earnings in-line with estimates #Press #Media #BusinessStandard
Margins, volumes surprise; attrition at all-time high. India’s second largest information technology (IT) services company Infosys today cheered investors by throwing up a positive surprise on the margins and volumes growth front and posting earnings for April-June 2014 (Q1FY2015) on expected…
#GreyhoundInMedia: Infosys Q1 Net up 21.6%; attrition rate hits record 19.5% #Press #Media #ZeeBiz
IT major Infosys on Friday reported a healthy 21.6 percent growth in consolidated net profit for the first quarter, helped by increase in business from Europe and improved operational efficiency. The city-based firm posted a net profit of Rs 2,886 crore…
#GreyhoundInMedia: Infosys Q1 Net up 21.6%; attrition rate hits record 19.5% #Press #Media #PTI
IT major Infosys on Friday reported a healthy 21.6 percent growth in consolidated net profit for the first quarter, helped by increase in business from Europe and improved operational efficiency. The city-based firm posted a net profit of Rs 2,886 crore…
#GreyhoundInMedia: Lacking Emphasis #Press #Media #HP #MphasiS
Earlier this year, MphasiS, the bangalore based software services player, unveiled its new logo with great fanfare. The logo had a new visual appeal, with the subtext ‘Unleash the Next’, in place of ‘An HP Company’ earlier. Speaking on the occasion,…
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#GreyhoundInMedia: Cognizant Q1 profit up 23% to $349m #Press #Media
Increased spending by clients in North America and Europe helped software solutions provider Cognizant Technology Solutions meet its first quarter revenue target of $2.42 billion, an increase of 19.9 per cent compared with the quarter ended March 31, 2013. Its…
Read More #GreyhoundInMedia: Cognizant Q1 profit up 23% to $349m #Press #Media
Infosys Lab head to quit
Subrahmanyam Goparaju, Senior Vice-President and Head of Infosys Labs, will be quitting the company by this year-end. Savio D'Souza will manage Infosys Labs’ Service Differentiation Platforms group and Anindya Sircar will manage the IP Cell, according to a filing on the…
The times they’re a-changin
About the same time Steve Jobs was shipping his first Apple Macintosh in 1978, a start-up floated by a bunch of young Indian entrepreneurs had developed the first indigenous micro-computer. Hindustan Computers Limited, as it was known then, had developed…
Not out of the woods
While the second quarter was aided by a depreciating Rupee and signs of outsourcing demand pickup, the rest of the fiscal year may not be strong due to impending passage of the Immigration Bill, increased regulatory oversight regarding visas and…