Tag: Infosys

Infosys on Thursday announced appointment of Vishal Sikka, a former SAP board member, as CEO and Managing Director, bringing the curtains down on months of suspense over new leader which saw an exodus of senior level executives from India's second largest software services firm

India's second largest software services firm, Infosys on Thursday saw the exit of its global head of strategic sales, marketing and alliances Prasad Thrikutam

Infosys Board Member and President B G Srinivas, who was considered among the top contenders for the first non-founder CEO post, has in a surprise move resigned from the company

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 […]