Tag "Infosys"

Infosys Announces Joint Venture with Hitachi, Panasonic and Pasona in Japan

By : Ashok Pandey

Infosys announces the formation of a joint venture with Hitachi, Ltd., Panasonic Corporation and Pasona Inc., strategically enhancing its presence in Japan. Executing on its strategy to help clients navigate their digital journey, the entity formed by complementary, iconic companies

Infosys Announces Creation of 1,200 jobs

By : CIOL Bureau

Infosys announces an initiative to accelerate digital leadership for its clients in Australia and shrink the digital skills gap in the region with the creation of 1200 jobs and the opening of three Innovation Hubs by 2020. Senior Vice President

Infosys to Open Technology and Innovation Hub in Texas and Hire 500 American Workers by 2020

By : CIOL Bureau

Infosys announced that it will open its next Technology and Innovation Hub in the State of Texas and hire 500 American workers in the state by 2020. The Hub will be located in Richardson, Texas and have a special focus

Infosys Launches Wingspan, a Transformational Learning Solution for Enterprises

By : CIOL Bureau

Infosys announces the launch of Infosys Wingspan, it’s next-gen learning solution to help organizations accelerate their talent transformation journey. Based on open source technologies, the cloud-first and mobile-first solution is designed to provide a seamless interactive learning experience accessible anytime,

Less than a Quarter of Global Enterprises Think and Act like Digital Natives: Infosys Research

By : CIOL Bureau 1

Infosys has released global research, The New Champions of Digital Disruption: Incumbent Organizations, that reveals that under a quarter of organizations surveyed, understand that commitment to digital is at the heart of true transformation. And, it is these organizations that

Infosys Q4 profit slips to Rs 3,690cr; puts up Skava, Panaya on sale

BANGALORE, INDIA: Infosys’ Q4 net profit fell 28.1 percent sequentially to Rs 3,690 crore, from Rs 5,130 crore in Q3. Revenue grew 1.6 percent QoQ to 18,083 crore, mostly in line with the street expectations. The company reported revenues from

Infosys opens first innovation hub in Indianapolis, US

By : CIOL Writers

Infosys inaugurated its first flagship Technology and Innovation Hub in Indianapolis, yesterday. In addition, the company announced that it has hired more than 2,500 American workers over the past year as part of its ongoing commitment to accelerate innovation for American enterprises. The Indianapolis

Infosys divests stake in US-based OnMobile Systems

By : CIOL Writers

India’s second largest software services firm, Infosys has divested its investment in OnMobile Systems for $2.49 million. “…it (Infosys) has on February 15, 2018 signed an agreement for divestment of its entire investment from OnMobile Systems Inc. USA for a total consideration of

Infosys chooses Capgemini’s Salil S. Parekh as its new CEO & MD

BANGALORE, INDIA: Infosys has appointed Salil S. Parekh as Chief Executive Officer and Managing Director (CEO & MD) of the Company effective January 2, 2018. Parekh joins Infosys from Capgemini where he was a member of the Group Executive Board. The

Infosys partners Udacity to train employees in the autonomous technology space

By : CIOL Writers

IT giant Infosys has announced a partnership with online learning company Udacity to train its employees in self-driving car engineering technology. The new program called Udacity Connect will give Infosys employees the skills needed in the area as the company continues

Narayana Murthy trusts Nilekani to fix the corporate governance issues at Infosys

BANGALORE, INDIA: The dramatic exit of Infosys CEO Vishal Sikka which led to a bitter tussle between the board and the co-founder NR Narayana Murthy has kept all eyes set on the company for the past two weeks. Now, as

Nandan Nilekani is back at Infosys as new chairman

BANGALORE, INDIA: Infosys has appointed Nandan Nilekani as the Non Executive Chairman of the company’s board. He is also one of the co-founders of Infosys and served as its CEO from 2002 to 2007. The Executive Vice Chairman, Vishal Sikka and two

Vishal Sikka resigns, UB Pravin Rao takes over as interim CEO & MD of Infosys

BANGALORE, INDIA: Infosys CEO and managing director, Vishal Sikka has resigned today with immediate effect, Infosys said in an official statement. UB Pravin Rao has been appointed interim CEO and MD reporting to Sikka under the overall supervision and control of the

Is Infosys mulling a buyback offer to instill confidence in the investors?

Thomas George Infosys scrips ended above 1000 rupee mark per share on the news of their consideration of buyback offer today. In a filing to the stock exchanges, the IT bellwether said in that the board will consider a proposal

Infosys retains revenue guidance for FY18 despite 3.3pc dip in Q1 profit

BANGALORE, INDIA: After TCS, Infosys also reported a a 3.3 percent sequential decline in the net profit to Rs 3,483 crore in Q1. This beats the street expectation anyway, which estimated the net profit at Rs 3,439 crore. Revenue declined 0.2 percent

Infosys Finacle and Active.AI join hands to boost conversational banking with AI

BANGALORE, INDIA: Infosys Finacle has partnered Active.AI, an Enterprise AI platform for banks to help financial institutions offer conversational banking services through chat and voice based interfaces across their digital channels. Active.AI is a Venture Funded Singapore headquartered fintech startup with an innovation

Nandan Nilekani, Helion’s Sanjeev Aggarwal launch $100M startup fund

By : CIOL Writers

Infosys co-founder Nandan Nilekani and Helion Ventures co-founder Sanjeev Aggarwal have teamed up to launch a new $100 million fund called The Fundamentum Partnership for mid-stage consumer technology and software start-ups. The focus will be on Series B or Series

Wipro’s Azim Premji’s salary fell 63pc as profits decline

By : CIOL Writers

Wipro Chairman Azim Premji salary saw a huge 63 percent fall at $1,21,853 (about Rs 79 lakh) last fiscal with no commission being paid during the year. As India’s third-largest software exporter saw a slowdown in profits, it had a direct repercussion

Infosys enters strategic alliance with HP to accelerate digital transformation in the retail industry

USA: Infosys and HP launched joint Retail Point of Sale (RPOS) and Enterprise Device as a Service (DaaS) solutions to help businesses accelerate digital transformation as part of the HP Global System Integrator (GSI) Alliance Program. Adopting new technologies is

Infosys, Wipro and 5 other IT firms reportedly to lay off over 50K employees this year

By : CIOL Writers

Indian IT sector would be witnessing mass layoffs in 2017 that could reach over 50,000. Apparently, 7 of the biggest IT firms are planning to hand over pink slips to at least 56,000 employees this year, reports Livemint. In the wake of US