Tag "Infosys"
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
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
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
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
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
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
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
Infosys to hire 10,000 US workers to wade through H1B visa woes
US: Infosys today announced that it plans to hire 10,000 American workers over the next two years- a step that is believed to be part of the company’s efforts to overcome the visa-related woes. US president Donald Trump recently signed
Infosys launches new artificial intelligence platform ‘Nia’ to solve business problems
USA: Building on the success of its first-generation AI platform, Infosys Mana, and its Robotic Process Automation (RPA) solution, AssistEdge, for which Infosys has 50+ clients and 150+ engagements across all industry sectors, Infosys has now launched Nia, the next-generation Artificial Intelligence Platform.
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
