Tag "Infosys"

Infosys lowers guidance for FY18 as Q4 revenue dips; attrition was high in FY17

BANGALORE, INDIA: Infosys today posted a profit of Rs 3,603 crore for the quarter ended March 31, 2017, with a QoQ decline of 2.8 per cent  against Rs 3,708 crore in previous quarter. The revenue also saw a decline of 0.9 per cent

Infosys posts 0.2pc decline in Q3 revenue, cuts FY17 revenue guidance

BANGALORE, INDIA: Infosys has lowered its FY17 revenue guidance to 8.4%-8.8% from 8.0%-9.0%  in constant currency after it reported a revenue dip of 0.2 percent (decline of 0.3% in constant currency terms) to Rs 17,273 crore in the quarter ended in December

Infosys partners MongoDB to tap customers with the application modernization needs

BANGALORE, INDIA: Infosys and MongoDB announced a global partnership designed to help enterprises accelerate their digital transformation and application modernization initiatives with next generation database solutions. Infosys and MongoDB will help new and existing customers address the key pain points of cost, performance

Infosys invests an undisclosed amount in Indian drone startup ideaForge

By : CIOL Writers

Drone startup ideaForge, founded by three IIT Bombay graduates has secured an undisclosed amount of investment from India’s second largest software services firm Infosys. Though Infosys is yet to provide more details, the investment is subject to receipt of regulatory

Infosys to invest Rs 31.6cr in Stellaris Venture Partners

By : CIOL Writers

Infosys has announced that it will invest Rs 31.6 crore in Stellaris Venture Partners, an early-stage venture fund. “The investment is towards the first close of Stellaris’ fund and will be made by December 15,” the IT firm said in

Infosys loses RBS contract, to reallocate 3,000 employees in to other projects

BANGALORE, INDIA: Infosys has lost out on a 5-year deal worth 300-million Euro from Royal Bank of Scotland(RBS) as the bank decides to cancel a project to set up a separate bank in the UK, for which Infosys was a

Kerala’s Startup Village named India’s best incubator

By : CIOL Writers

Startup Village, which has supported nearly 590 physical and virtual incubatees in Kochi and 200 in Visakhapatnam, has been named India’s best startup incubator by the Entrepreneur Magazine in their list of 100 best startup incubators in India. “It is a

Infosys reshuffles top executive line after poor Q1 performance

By : CIOL Writers

It is becoming a norm to reshuffle top executives whenever a company finds itself in rough waters. Following in the footsteps of Flipkart, Infosys, which reported a poor first-quarter performance, has swiftly executed a restructure in its top management team

Infosys re-launches employee stock option to contain attrition

By : CIOL Writers

In a bid to rein in rising attrition that stood at 21 percent in the April-June 2016 quarter, Infosys has re-launched employee stock option plan (ESOP) for junior to middle-level management staff, more than a decade after the company withdrew

Infosys slashes revenue guidance, blames slow growth in large deals

BANGALORE, INDIA: IT major Infosys has disappointed the market today by lowering its constant currency revenue guidance for the year to 10.5-12.0 per cent from 11.5-13.5 per cent. Brexit has created an uncertainty in the near term for all the

Infosys introduces app to control AC temp for its employees

By : CIOL Writers

Does it get annoyingly cold in your cubicle? If you are an Infosys employee in Mysore, you wouldn’t complain about it. The company has introduced a third-party app called Comfy to help its employees Mysuru campus to monitor and personalize

IT employees in Tamil Nadu can now be part of unions

By : CIOL Writers

The dismissal of hundreds of employees by Tata Consultancy Services last year has come to haunt the entire Information Technology sector in Tamil Nadu, as the state has clarified that the IT companies will now be covered by the Industrial

Paytm’s payments bank will run on Infosys Finacle CBS

BANGALORE, INDIA: Paytm will use Infosys Finacle Core Banking solution for its new payments bank business. Paytm will leverage Finacle’s proven platform for its deposit products and payments platform, enabling it to rapidly roll out innovative offerings. Its Modern APIs

Wipro gives better pay raise than rivals, TCS & Infosys

Soma Tah The IT services major, Wipro today has announced 9.5% pay raise to employees in India this year, effective June 1, 2016. The average pay raise is 9.5% for offshore employees and 2% for onsite employees. “High performers will

Lenskart D round funding: 400 crore

By : CIOL Writers

Lenskart, an Indian eyewear online portal, has raised a Series D round of investment of Rs.400 crore ($60 million) from World Bank arm IFC, Ratan Tata and Infosys co-founder Kris Gopalakrishnan, the firm said in a press release on Wednesday.

Infosys will help clients move to the AWS Cloud

BANGALORE, INDIA: Infosys has announced a global strategic initiative with Amazon Web Services (AWS) to make transitioning to the cloud easier and faster. As part of this collaboration, Infosys is creating a dedicated AWS Cloud Center of Excellence cutting across

Infosys buys a minority stake in Trifacta

By : CIOL Writers

Infosys Ltd, India’s second-largest software firm has bought a minority stake in San Francisco-based Trifacta Inc. by making an undisclosed investment in the data visualization start-up, marking the seventh investment in a start-up from the company’s $500 million innovation fund.

Infosys beats market expectation with Q4 numbers

BANGALORE, INDIA: Infosys beats market’s expectation for the four quarters in a row today, with 3.8% QoQ growth in its Q4 net profit at 3,597 crore. The Q4 revenue of the second large Indian IT company sees 4.1% QoQ growth

Avagmah – A Startup Focused on Higher Education

By : CIOL Writers

Infosys ex-cofounder Kris Gopalakrishnan and Atul Nishar, founder of Hexaware and Aptech have invested an unspecified amount in Avagmah, a Bangalore-based tech startup focussed on higher education. Avagmah said it will use latest investments for technology improvement and in acquiring new Indian university

Women Breaking Glass Ceiling to enter the Tech sector

By : CIOL Writers

According to a joint study by PricewaterhouseCoopers LLP and the industry’s trade group, the number of women being hired in the tech industry in India has increased over time, but their percentage in the leadership roles seem to remain stagnant.