| Infosys Technologies Limited Related news |
Infosys to move centre of gravity back to Bengaluru; won't disclose reports
Posted on 26th October 2017 |
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Infosys' second-quarter results saw former CEO Vishal Sikka's strategy getting a thumbs up and it will continue to drive the country's second-largest software services firm. Further, the company's board led by Nandan Nilekani gave a clean chit to Sikka over allegations of governance failure in the Panaya acquisition, with Infosys co-founder N R Narayana Murthy on Tuesday expressing his disappointment over the development. (Read more here) While Nilekani, who returned to Infosys in August, has reviewed Sikka's strategy of driving a software plus services model that would bring more non-linear revenue and has retained the former SAP executive's vision, as reported earlier, the company's strategy has seen some changes. |
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Infosys profit rises 7 pct to Rs 3,726 cr in quarter, but cuts revenue guidance to 5.5-6.5 pct
Posted on 25th October 2017 |
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The country’s second largest software services exporter, Infosys on Tuesday lowered its revenue guidance to 5.5-6.5% from 6.5-8.5% for the current fiscal, even as it beat market expectations to record a 7% sequential rise in its net profit to Rs 3,726 crore during the July-September quarter, on the back of higher utilisation rates and cost control. The company’s revised guidance falls below Nasscom’s industry projections of 7-8%. Explaining the rationale behind lowering the guidance, the IT major said the second half of the fiscal is expected to witness seasonal softness with a longer holiday period along with client uncertainty on spending in certain accounts. Revenue for the period grew by 2.9% to Rs 17,567 crore. |
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Infosys to announce Q2 results on 24 October
Posted on 17th October 2017 |
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New Delhi: The country’s second largest software services firm Infosys Tuesday said it will announce financial results for the second quarter on 24 October. “Infosys will announce the results for its second quarter ended September 30, 2017 on Tuesday, October 24, 2017 around 3:45 pm Indian Standard Time,” Infosys said in a BSE filing. In a departure from its usual practice, Infosys has delayed the announcement of results by a couple of days—it typically announces its financial numbers at the beginning of the earnings season. |
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At Infosys, a new training program modeled on flight school
Posted on 11th October 2017 |
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When Infosys set out to remake its internal training program, instructors visited flight schools to see how professional pilots are taught to deal with fast-changing situations. That led India’s outsourcing giant to model classes on flight simulators that teach recruits to work faster, think for themselves and anticipate corporate customers’ needs. They’re put through multiple scenarios, and no two training days are alike. |
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Infosys extends gain on fixing record date for share buyback
Posted on 10th October 2017 |
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Infosys was up 2.4% to Rs 945 on BSE in intra-day trade, extending its 3% gains of the past three trading sessions, after the company fixed November 1, 2017 as record date for share buyback. “The Buyback Committee has approved and fixed Wednesday, November 1, 2017 to be the Record Date for determining the entitlement and the names of the equity shareholders, to whom the Letter of Offer will be sent and will be eligible to participate in the buyback which was approved in the Board Meeting on August 19, 2017,” Infosys said on Monday after market hours. |
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Infosys execs get objectionable mail; case registered under IT Act
Posted on 29th September 2017 |
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Infosys filed a complaint with the cyber crime police of Bengaluru against a person who allegedly sent defamatory mail to the firm's chief financial officer, M D Ranganath, and its head of investor relations-- Sandeep Mahindroo. The company said in the complaint that a person identified as Alpesh Patel sent objectionable mails to the senior executives of the firm. |
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Infosys Senior VP, Design Thinking head Sanjay Rajagopalan quits
Posted on 18th September 2017 |
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Infosys Senior Vice-President Sanjay Rajagopalan has resigned from his post, a month after Vishal Sikka stepped down as the company's managing director and CEO. In his LinkedIn profile, Rajagopalan described himself as a "free man". |
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Infosys to hire 2,000 locals in North Carolina by 2021
Posted on 13th September 2017 |
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India’s second-largest software exporter, Infosys, said on Tuesday it would open a technology and innovation hub in Raleigh, North Carolina, early next year. The centre will hire 2,000 local employees over the next four years. Continuing with the strategy of former chief executive Vishal Sikka of hiring over 10,000 local workers in the US, Infosys looks to deepen relationship with clients and deliver digital services that need local resources. So far, it has hired over 1,200 local workers in the US. |
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Infosys to hire 6,000 engineers in the next 1-2 years, stresses on localisation
Posted on 11th September 2017 |
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Unfazed by the recent upheavals at the board, Infosys will continue to hire about 6,000 engineers annually over next 1-2 years, same as last financial year, according to a top company official. The country's second largest software services firm has also ramped up its hiring process in the US and European markets as it looks to tap opportunities and tide over visa- related issues. |
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