Bengaluru: Software major Infosys has maintained its annual revenue guidance, or expected rise in income, at 10-12 percent for this financial year or what it had projected in April. In dollar terms, though, the guidance has been revised upward by 100 basis points. “We have retained revenue guidance at 10-12 percent year-in-year (YoY) in constant […]
Bengaluru: Indian IT bellwether Infosys Ltd today announced Ramaswami Seshasayee has been appointed as its non-executive chairman in place of K.V Kamath, who stepped down from the post following his nomination as president of the $50 billion BRICS’ development bank. “The company’s board unanimously approved appointment of Seshasayee as non-executive chairman of the board with […]
Indian IT bellwether Infosys chief executive Vishal Sikka is the new advisory professor at East China Normal University at Shanghai in China, the company said today
Software major Infosys Ltd. yesterday announced the setting up of a back office in Puerto Rico to serve its global clients through its business process outsourcing (BPO) subsidiary
Bengaluru: Infosys Ltd. Friday posted a consolidated net profit of Rs.3,250 crore (Rs.32.5 billion/$521 million) for Oct-Dec third quarter of fiscal 2014-15, registering 13 percent year-on-year (YoY) growth and 4.9 percent sequentially as per the Indian accounting standard.
It seems big IT companies are planning for drastic job cuts as soon as 2022. News agency PTI said quoting a report that domestic software firms may cut as many as 30 lakh or 3 million jobs by 2022. TCS, Infosys, Wipro, HCL, Tech Mahindra and Cognizant and others appear to be planning for a 3 million reduction in low-skilled roles by 2022, the report said.
San Francisco: A US court in the state of California has dismissed lawsuit against Apple and Infosys over allegations that it abused the visa system to save money. The California federal judge nixed a whistleblower’s suit accusing Apple of bringing two trainers from India into the country using B-1 visas instead of the necessary and […]
Mumbai: Domestic equity benchmark BSE Sensex rose over 100 points Friday ahead of the release of key macroeconomic data and quarterly results of IT bellwethers TCS and Infosys. The 30-share index was trading 106.69 points or 0.28 per cent higher at 38,713.70. The gauge had ended 21.66 points, or 0.06 per cent, higher at 38,607.01 […]
Mumbai: The BSE benchmark Sensex Monday rose 169 points, led by gains in IT stocks amid positive global cues. The NSE barometer Nifty gained 52 points to reclaim the 11,900 level. Top gainers in the Sensex pack were TCS, Bharti Airtel, Infosys, Axis Bank, L&T, ITC, PowerGrid, HCL Tech and Tata Steel, ending up to […]
Bhubaneswar: The multinational technology company, Microsoft commenced its campus recruitment of B.Tech students of 2020 batch in India from the Institute of Technical Education and Research (ITER) here on Monday As per the release of the Siksha ‘O’ Anusandhan (SOA), Deemed to be University, Microsoft recruited eight B.Tech students of 2020 batch. Students belonging to […]
Bengaluru: Global software major Infosys on Friday reported Rs 3,798-crore consolidated net profit for the first quarter (Q1) of fiscal 2019-20, registering 5.1 per cent annual growth from Rs 3.612 crore in the same period a year ago. Sequentially, however, net profit in Q1 declined 6.8 per cent from Rs 4,078 crore a quarter ago. […]
Bhubaneswar: The global consulting and IT services company, Infosys extended a helping to the people of Puri who were severely affected in the severe cyclonic storm Fani. The CSR wing of Infosys Foundation, along with Infosys Bhubaneswar Development Centre carried out a philanthropic drive and accordingly planned from materials required, procurement to execution of the […]
Mumbai: Domestic equity benchmark BSE Sensex rebounded over 200 points and the NSE Nifty reclaimed the 10,900 level in early trade on Tuesday led by gains in banking and auto stocks. The 30-share index was trading 214.96 points, or 0.59 per cent, higher at 36,914.80 at 0930 hours. Similarly, the broader NSE Nifty was quoting 68.65 […]
Bengaluru: Global software major Infosys on Wednesday expanded its partnership with Google Cloud to help its clients accelerate their digital transformation. “As a qualified Google Cloud managed service provider, we will offer clients application lifecycle services with cloud and data analytics expertise,” said the city-based IT firm in a statement here. The partnership with the […]
Bengaluru: Global software majors Infosys and Microsoft on Wednesday tied up to jointly offer new solutions to clients worldwide for accelerating their digital transformation. “We have entered into a collaboration with Microsoft and JCI (Johnson Controls International) to deliver smart buildings and space solutions for accelerating the convergence of physical and digital infrastructure,” said the […]
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