Opinion: Infosys may need some private time to fix itself
5 years, 5 months ago

Opinion: Infosys may need some private time to fix itself

Live Mint  

India’s best-known software exporter is facing an impossible trinity of sorts: Out of sales, margins and governance, Infosys Ltd. can hit only two goals at a time. It’s a deja vu moment for co-founder and non-executive Chairman Nandan Nilekani, who returned to the Bangalore-based company two years ago during a previous crisis — sparked by a set of different anonymous charges against Parekh’s predecessor, the former SAP executive Vishal Sikka, who was accused of impropriety in a $200 million acquisition in Israel. If investors start to believe that the culture at the software services provider, once seen as India’s most transparent company, is beyond redemption, expect a durable deepening of the 10% discount at which Infosys traded against larger rival Tata Consultancy Services Ltd., or TCS, at the end of last month. As a private company, it could rediscover its moorings and find a new purpose in a digital world where clients increasingly want nimble, cloud-based, on-demand software, rather than clunky, on-premise enterprise solutions.

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History of this topic

Infosys block deal on March 12: Former CEO’s daughter Shruti Shibulal acquires 29.84 lakh shares for ₹469 crore
2 weeks, 4 days ago

Infosys block deal on March 12: Former CEO’s daughter Shruti Shibulal acquires 29.84 lakh shares for ₹469 crore

Live Mint  

Infosys block deal on March 12: Shruti Shibulal, one of Infosys's promoters, acquired additional shares of India's second-largest information technology giant on Wednesday, March 12, through an open market transaction for ₹469 crore. Infosys Q3 Results On January 16, the Sahil Parekh-led tech giant reported a rise of 11.4 per cent in net profit to ₹6,806 crore in the October-December …

Why are Infosys and Cognizant in a legal tussle?
4 weeks, 2 days ago

Why are Infosys and Cognizant in a legal tussle?

The Hindu  

Story so far: In August 2024, TriZetto, a Cognizant subsidiary and healthcare solutions provider, took Infosys to court, alleging that the IT major had stolen data from their proprietary software. Four months later, in January, Infosys denied allegations and filed a countersuit against Cognizant CEO Ravi Kumar S, former Infosys executive, for deliberately delaying the launch of its health platform, …

Infosys salary hike: India’s second-largest IT major rolls out increments for employees, average hike pegged at 5-8%
1 month ago

Infosys salary hike: India’s second-largest IT major rolls out increments for employees, average hike pegged at 5-8%

Live Mint  

Infosys salary hike: India’s second-largest information technology services company, Infosys, has begun implementing employee salary hikes. On average, the salary hikes for most of the employees at Infosys range from 5-8 per cent. "Broadly, the comp that we are expecting is 6-8 per cent in India, and the overseas comps will be in line with the earlier comp reviews," Infosys’ …

Infosys ADR down 6% on NYSE after IT major reports Q3FY25 results
2 months, 2 weeks ago

Infosys ADR down 6% on NYSE after IT major reports Q3FY25 results

Live Mint  

Infosys ADR: American Depository Receipt shares of India's second-largest software services provider witnessed a sharp decline on the New York Stock Exchange after declaring its October-December quarter results for fiscal 2024-25. Infosys ADR crashed six per cent to $21.515 on the American stock exchange even after the IT major hiked its FY25 revenue growth guidance for the third straight quarter …

Infosys beats TCS as growth continues on the back of North America business
2 months, 2 weeks ago

Infosys beats TCS as growth continues on the back of North America business

Live Mint  

The growth engines that fuelled Infosys Ltd’s performance in the first half of the financial year retained momentum in the December quarter helped by strong business in its core North American market. India’s second-largest information technology services company also raised its full-year revenue outlook for the third time this financial year, crediting improving discretionary spending by financial services companies in …

IT major Infosys posts 11.4% YoY rise in net profit to ₹6,806 crore; here are 5 key highlights
2 months, 2 weeks ago

IT major Infosys posts 11.4% YoY rise in net profit to ₹6,806 crore; here are 5 key highlights

Live Mint  

Infosys, India's second-largest IT services exporter, posted an 11 per cent year-on-year increase in consolidated net profit, reaching ₹6,806 crore, while its revenue from operations rose by 8 per cent YoY to ₹41,764 crore. Here are five key highlights from Infosys Q3 results - Net profit The company reported a net profit of ₹6,806 crore for the quarter under review, …

Infosys attrition rate rises to 13.7% in December quarter, headcount rises by 5,591 to 3.23 lakh employees
2 months, 2 weeks ago

Infosys attrition rate rises to 13.7% in December quarter, headcount rises by 5,591 to 3.23 lakh employees

Live Mint  

Infosys Q3 Results: Infosys announced its October-December quarter results for fiscal 2024-25 on Thursday, January 16, 2025, reporting an attrition rate of 13.7 per cent, compared to 12.9 per cent in the preceding September quarter and the year-ago period. India's second-largest software services company added a net of 5,591 employees in the third quarter of the current fiscal year, bringing …

Infosys Q3 Results: Net profit surges 11% to Rs 6,806 crore, revenue up 8%
2 months, 2 weeks ago

Infosys Q3 Results: Net profit surges 11% to Rs 6,806 crore, revenue up 8%

India Today  

IT giant Infosys reported its third quarter results on Thursday, posting an 11% year-on-year rise in consolidated net profit to Rs 6,806 crore. The Bengaluru-based tech giant also revised its revenue guidance for the current fiscal year upward to 4.5%-5%, signalling optimism in its growth trajectory despite global economic uncertainties. GOOD DEALS DRIVE POSITIVE Q3 GROWTH Infosys clocked a total …

Infosys Q3 results tomorrow: 5 things to watch out for
2 months, 2 weeks ago

Infosys Q3 results tomorrow: 5 things to watch out for

Live Mint  

When Infosys Ltd announces its third-quarter results on Thursday, investors and analysts will be looking for clues into whether the company can overcome potential growth obstacles and if it is on course to surpass its FY24 performance. The two Indian information technology services companies that have so far announced results for the December quarter—a seasonally weak period for the sector …

Looking within: Infosys turns to employees for new ideas to be scaled up as business offerings
Trending News
2 months, 3 weeks ago

Looking within: Infosys turns to employees for new ideas to be scaled up as business offerings

Live Mint  

In a first, Infosys Ltd has asked employees to think out of the box and come up with new ideas that can be scaled up and offered to clients as part of a business incubator programme. A core objective of the ‘Be The Next Business Incubator’ programme, which is open to all employees across job levels, locations and subsidiaries, is …

No Relief For Infosys As Govt Upholds Rs 32,000 Crore GST Claim: Report
7 months, 3 weeks ago

No Relief For Infosys As Govt Upholds Rs 32,000 Crore GST Claim: Report

ABP News  

The government is not considering any relaxation in the tax demand issued to Infosys last month, citing a government source news agency Reuters reported on Tuesday. The government issued a tax demand of over Rs 32,000 crore to Infosys, pertaining to services received from its overseas branches between July 2017 and the 2021-22 fiscal year. Former Infosys board member and …

After ₹32,000 crore demand to Infosys, government said to mull GST notices to other IT majors
7 months, 4 weeks ago

After ₹32,000 crore demand to Infosys, government said to mull GST notices to other IT majors

The Hindu  

Tax authorities may issue notices soon to more major infotech services firms in a scrutiny of alleged evasion of tax on services by their overseas offices, a government source said, a day after Infosys was slapped with a ₹32,000-crore tax demand. In serving its highest-ever tax demand on Infosys, the government accused the country’s second largest tech services company of …

Infosys slapped with ₹32,403 crore GST notice for overseas expenses
7 months, 4 weeks ago

Infosys slapped with ₹32,403 crore GST notice for overseas expenses

The Hindu  

GST authorities have slapped a ₹32,403 crore notice on Infosys for services availed by the company from its overseas branches for five years starting in 2017. The Bengaluru-headquartered IT firm said Karnataka State GST authorities have issued a pre-show cause notice for payment of GST of ₹32,403 crore for the period July 2017 to March 2022 towards the expenses incurred …

Infosys Q1 FY25 Results: Net profit rises 7.1% to ₹6,368 crore; hikes FY25 growth outlook
8 months, 1 week ago

Infosys Q1 FY25 Results: Net profit rises 7.1% to ₹6,368 crore; hikes FY25 growth outlook

The Hindu  

IT major Infosys Ltd on Thursday reported a 7% rise in first quarter net profit and raised its growth outlook for the current financial year. The consolidated net profit of Infosys increased to ₹6,368 crore in the April-June quarter, compared to ₹5,945 crore in the same period a year back, according to a stock exchange filing by the company. Quarter-on-quarter …

Infosys Q1 results: Revenue up 7%, net profit grows 3.6%, revenue outlook raised, ₹11,625 crore set for dividend
8 months, 1 week ago

Infosys Q1 results: Revenue up 7%, net profit grows 3.6%, revenue outlook raised, ₹11,625 crore set for dividend

Hindustan Times  

Infosys raised its revenue growth forecast for the financial year 2024-25 on July 18, raising the growth percentage to 4% from 3% earlier. The IT giant's consolidated revenue grew 7% to ₹39,315 crore for the first quarter of the financial year 2024-25 from ₹37,933 during the previous year. The company had previously revised its yearly revenue growth guidance five times …

Infosys CEO settles insider trading case with Sebi; pays ₹25 lakh
9 months ago

Infosys CEO settles insider trading case with Sebi; pays ₹25 lakh

The Hindu  

Infosys CEO Salil Parekh settled charges for failing to place adequate internal controls to prevent insider trading at India's No.2 IT services exporter during a 2020 contract, the country's markets regulator said on Thursday. Mr. Parekh agreed to pay 2.5 million rupees to settle the markets regulator's charge, which related to a contract for Infosys to provide U.S. financial firm …

Infosys Q4 results announcement soon; revenues to margins, here is what to expect
11 months, 1 week ago

Infosys Q4 results announcement soon; revenues to margins, here is what to expect

Hindustan Times  

After the largest IT services company in India, Tata Consultancy Services last week, now it is the turn of the next tech biggie, Infosys, to reveal its 4th quarterly numbers and that will happen this week on April 18. Expectations are that revenue may drop sequentially, EBIT margins are likely to stay flat. Infosys net profit is likely to be …

Infosys CEO Salil Parekh joins USISPF Board
1 year, 1 month ago

Infosys CEO Salil Parekh joins USISPF Board

Hindustan Times  

An industry veteran with nearly three decades in the IT services industry, executing business turnarounds and managing successful acquisitions, Parekh in his capacity as Infosys CEO sets the strategic direction of one of India’s most notable IT giants, while nurturing a strong leadership team to drive its execution. Infosys has been a household name in India, and IT services are …

Infosys mega AI deal loss affects stock, shares dip nearly 3%
1 year, 3 months ago

Infosys mega AI deal loss affects stock, shares dip nearly 3%

Hindustan Times  

Infosys shares declined by nearly 3 per cent on Tuesday after the company revealed that an unnamed global partner, engaged in a $1.5 billion deal focused on AI solutions, decided to terminate its Memorandum of Understanding with the IT giant. Infosys On the last trading session, ahead of the, Infosys shares climbed 1.75 per cent to reach ₹1,561. On September …

Infosys announces Q1 results, says hiring to continue based on…
1 year, 8 months ago

Infosys announces Q1 results, says hiring to continue based on…

Live Mint  

Infosys Ltd. announced its Q1 results on Thursday, noting that attrition numbers and the demand environment would shape hiring decisions for the rest of the year. “We still have a target for recruiting for this year.but we will see how that plays out with respect to the changes in terms of the demand environment and what we do in terms …

Infosys Q1 Results: FY24 revenue guidance sharply trimmed to 1-3.5% from 4-7%
1 year, 8 months ago

Infosys Q1 Results: FY24 revenue guidance sharply trimmed to 1-3.5% from 4-7%

Live Mint  

India’s second-largest information technology company Infosys Ltd announced its April-June quarter results for fiscal 2023-24 on July 20, sharply trimming its revenue guidance to 1-3.5 per cent for FY24 from 4-7 per cent amid an increasingly challenging demand environment. Infosys reported a rise of 11 per cent in net profit to ₹5,945 crore, compared to ₹5,360 crore in the corresponding …

Infosys Q1 Results: Net profit rises 11% on year to ₹5,945 crore
1 year, 8 months ago

Infosys Q1 Results: Net profit rises 11% on year to ₹5,945 crore

Live Mint  

Infosys Q1 Results: Information Technology services major, Infosys Ltd on Thursday reported an 11% year-on-year rise in its consolidated net profit for the fiscal's first quarter ended June to ₹5,945 crore. The IT company's consolidated revenue from operations stood at ₹37,933 crores during the quarter ended June from ₹34,470 crore in Q1FY23. The company's consolidated total income for the quarter …

Infosys to announce Q1 earnings results for FY24 tomorrow. Where to track, what to expect?
1 year, 8 months ago

Infosys to announce Q1 earnings results for FY24 tomorrow. Where to track, what to expect?

Hindustan Times  

On Thursday, Infosys will announce its earnings results for the first quarter ended June 30 for the financial year 2023-24. Expectations A CNBC TV18 poll expects Infosys' revenue to be at 4591.5 and 37,716, an increase of 0.8% and 0.7% respectively from the previous March quarter. Also, the company is expected to make a net profit of ₹6193.5 crore, 1.1% …

Bad news for Infosys employees: IT major defers salary hikes
1 year, 8 months ago

Bad news for Infosys employees: IT major defers salary hikes

Live Mint  

One of India's largest tech giants, Infosys, has deferred the payment hikes of its employees which it usually rolls out from April for its employees below the senior management level, according to a Moneycontrol report. Generally, the company rolls out hikes for its senior management in July, but so far even the senior management hasn't receive any news about its …

Infosys Shares Slip Nearly 15 Per Cent, Rs 73,060 Crore Wiped From Market Valuation Post Q4 Disappointments Report IT Stock NSE BSE Stock Market Crash
1 year, 11 months ago

Infosys Shares Slip Nearly 15 Per Cent, Rs 73,060 Crore Wiped From Market Valuation Post Q4 Disappointments Report IT Stock NSE BSE Stock Market Crash

ABP News  

The stock market crash on Monday wiped out Rs 73,060.65 crore from Infosys' market valuation as its shares plunged over 15 per cent. Last week on Thursday, Infosys logged a 7.8 per cent year-on-year rise in consolidated net profit at Rs 6,128 crore in the March quarter of FY23. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, …

All cloud, no silver lining for Infosys
1 year, 11 months ago

All cloud, no silver lining for Infosys

Live Mint  

There are no silver linings in Infosys Ltd’s results for the March quarter. Unplanned project ramp downs, delays in decision making and one-off impact due to certain cancellations hit revenue growth, the Infosys management said. View Full Image Graphic: Mint Remember, just in January, Infosys had raised its FY23 CC revenue growth guidance to 16-16.5% from 15-16% earlier. “While the …

Infosys misses revenue estimate, profit and revenue both decline quarter-on-quarter
1 year, 11 months ago

Infosys misses revenue estimate, profit and revenue both decline quarter-on-quarter

The Hindu  

Infosys on Thursday said it recorded an 8% year-on-year increase in fourth-quarter net profit to ₹6,128 crore. “Infosys delivered a surprisingly weak set of numbers for Q4 and missed street estimates on all multiple fronts on the back of unplanned project ramp-downs and cancellation across sectors,” said Sanjeev Hota, head of research, Sharekhan by BNP Paribas. “We have seen unplanned …

Infosys FY24 guidance: Firm sees revenue growth at 4-7% in CC, margins at 20-22%
1 year, 11 months ago

Infosys FY24 guidance: Firm sees revenue growth at 4-7% in CC, margins at 20-22%

Live Mint  

IT company Infosys on Thursday gave a revenue guidance of 4% to 7% in constant currency terms for the current financial year. The Bengaluru-based IT giant also posted a 7.8% year-on-year rise in consolidated net profit at ₹6,128 crore in March quarter of FY23. Infosys - which competes in the market with Tata Consultancy Services, Wipro and other IT firms …

Infosys Q4 consolidated net profit rises 7.8% year-on-year to ₹6,128 crore
1 year, 11 months ago

Infosys Q4 consolidated net profit rises 7.8% year-on-year to ₹6,128 crore

Hindustan Times  

Technology giant Infosys on Thursday said its fourthn quarter net profit rose to 7.8 per cent year-on-year to ₹6,128 crore. Infosys March quarter consolidated net profit rises 7.8 pc year-on-year to ₹ 6,128 crore: Regulatory filing. The company said its March quarter consolidated revenue up by 16 per cent year-on-year at ₹37,441 crore. The company said its revenue rose 16.9 …

Infosys shares rise over 1% ahead of Q4 results. Here’s what analysts say
1 year, 11 months ago

Infosys shares rise over 1% ahead of Q4 results. Here’s what analysts say

Live Mint  

Shares of information technology services major Infosys rose during Wednesday's trading session a day before the IT company is scheduled to announce its financial results for the March quarter on Thursday, 13 April. Ahead of its fourth quarter results, shares of Infosys have an average price target of ₹1,720.36, as per publicly available data with Trendlyne, which suggests a 20.84 …

Infosys set to pip Cognizant to become 2nd-largest IT services firm
2 years, 1 month ago

Infosys set to pip Cognizant to become 2nd-largest IT services firm

Live Mint  

Cognizant Technology Solutions Corp. saw its revenue slip sequentially in the October-December period and forecast business to fall further in the January-March period, helping Infosys Ltd race past the Nasdaq-listed technology firm to become the second-largest homegrown IT services firm. Infosys, which posted $4.66 billion in revenue in the October-December period, expects to grow between 16% and 16.5% in constant …

From ₹10,000 to over $16 billion now: Infosys has much to celebrate
2 years, 3 months ago

From ₹10,000 to over $16 billion now: Infosys has much to celebrate

Live Mint  

New Delhi/Bengaluru: In today’s India where startups are in vogue, it may be hard to imagine that the seven co-founders of Infosys Ltd, now the country’s second-largest IT services provider, were unaware of the term when they embarked on their entrepreneurial journey four decades ago. To celebrate its four decades in the industry, Infosys will have a discussion on Wednesday …

Infosys posts 11% jump in net profit
2 years, 5 months ago

Infosys posts 11% jump in net profit

Live Mint  

Infosys Ltd raised its annual revenue forecast and reported better-than-expected September quarter profit despite fears of a global recession clouding the outlook for tech spending. Order inflows remained strong despite fears that clients may slash discretionary tech spending because of a potential recession in the US and Europe, Infosys’s two biggest markets. The financial services sector contributed 30.5% of Infosys’s …

Infosys Q2FY23 Result: Net Profit Jumps 11.1% To Rs 6,021 Crore; Rs 9,300 Cr Share Buyback Announced
2 years, 5 months ago

Infosys Q2FY23 Result: Net Profit Jumps 11.1% To Rs 6,021 Crore; Rs 9,300 Cr Share Buyback Announced

News 18  

Infosys Q2 Results: IT major Infosys on Thursday posted a consolidated net profit of Rs 6,021 crore for the September 2022 quarter, a growth of 11.1 per cent as compared with Rs 5,421 crore in the year-ago quarter. Sequentially, Infosys’ net profit jumped 12.3 per cent as compared with Rs 5,360 crore in the June 2022 quarter. “The board approved …

TCS, Infosys Downgraded By Goldman Sachs From 'Buy' To 'Sell', Wipro Upgraded; Check Details
2 years, 6 months ago

TCS, Infosys Downgraded By Goldman Sachs From 'Buy' To 'Sell', Wipro Upgraded; Check Details

News 18  

Goldman Sachs has downgraded India’s major IT services companies Tata Consultancy Services and Infosys from ‘buy’ to ‘sell’ citing a potential slowdown in their dollar revenue growth amid impending global macroeconomic stress. For the June 2022 quarter, TCS reported a consolidated net profit of Rs 9,478 crore, a jump of 5.2 per cent on a year-on-year basis. The company’s revenue …

Infosys Q1 Results: Net Profit Rises 3.2% YoY To Rs 5,360 Crore; Revenue Up 23.6%
2 years, 8 months ago

Infosys Q1 Results: Net Profit Rises 3.2% YoY To Rs 5,360 Crore; Revenue Up 23.6%

News 18  

Infosys Q1FY23 Results: IT major Infosys on Sunday reported a consolidated net profit of Rs 5,360 crore for the June 2022 quarter, a growth of 3.2 per cent as compared with Rs 5,195 crore in the year-ago quarter. Sequentially, Infosys’ net profit declined 5.7 per cent as compared with Rs 5,686 crore in the March 2022 quarter. The Bengaluru-based IT …

TCS, Infosys shares trade near 52-week lows. Good levels to buy?
2 years, 9 months ago

TCS, Infosys shares trade near 52-week lows. Good levels to buy?

Live Mint  

Shares of top Indian IT companies Tata Consultancy Services and Infosys have fallen sharply amid the current market volatility and the IT stocks are trading near their respective 52-week low levels. Domestic brokerage and research firm Motilal Oswal is bullish on the IT stocks and has Buy tags on both TCS and Infosys shares with a target price of ₹4,240 …

Infosys CEO To Get Rs 80-Crore Salary: Revenue to Return, How Parekh Transformed Company
2 years, 9 months ago

Infosys CEO To Get Rs 80-Crore Salary: Revenue to Return, How Parekh Transformed Company

News 18  

Even as Infosys CEO Salil Parekh got a 43 per cent hike in his total compensation to Rs 71.02 crore per annum in 2021-22, the company has justified the increase in salary saying the firm has achieved industry-leading growth in recent years. Justifying the salary, the company in the report said, “Under Salil’s leadership, the company’s total shareholder return was …

TCS, Infosys Hiring to Go Up This Year: Know What IT Companies Say on Recruitment
2 years, 11 months ago

TCS, Infosys Hiring to Go Up This Year: Know What IT Companies Say on Recruitment

News 18  

IT Hiring in India: Indian IT companies are on a spree to declare the reports of their earnings during the quarter ended March 31, 2022. Both the companies, while declaring their Q4 earnings, have also shared insights on their hiring numbers and have also given estimates on how many employees they are going to hire in the current financial year. …

TCS vs Infosys Q4 results: Who performed better during Covid-19 pandemic?
2 years, 11 months ago

TCS vs Infosys Q4 results: Who performed better during Covid-19 pandemic?

India Today  

Tata Consultancy Services and Infosys have announced their results for the fourth quarter of financial year 2021-22 that ended on March 31. PROFIT India's largest IT firm, TCS, has reported a 7.4 per cent increase in its March quarter net profit to Rs 9,926 crore. India's second-largest software services company, Infosys, saw its net profit in the March quarter surge …

Infosys Hiring 2022: IT Major to Recruit 50,000 Freshers, Start Salary Hike from this Month
2 years, 11 months ago

Infosys Hiring 2022: IT Major to Recruit 50,000 Freshers, Start Salary Hike from this Month

News 18  

As attrition rates continued to rise amid a robust environment full of demand, software major Infosys said on Wednesday that it has hired 85,000 freshes — both off campus and on campus — in the financial year ended March 31, 2022. Infosys Hiring Infosys hired as many as 54,396 employees for the year, and the company said that it was …

Infosys Q4 results: Net profit up 12%, FY23 revenue growth seen at 13-15%
2 years, 11 months ago

Infosys Q4 results: Net profit up 12%, FY23 revenue growth seen at 13-15%

Live Mint  

India's second largest IT services exporter Infosys Ltd's consolidated net profit rose 12% to ₹5,686 crore for the March quarter. A Bloomberg consensus estimate expected Infosys to post a net profit of ₹5,961 crore, while revenues were seen at ₹32,709 crore for the March quarter. “Infosys delivered highest annual growth in a decade with broad-based performance driven by deeply differentiated …

Infosys Q3 net profit up 11.8% at Rs 5,809-cr, ups FY22 revenue growth outlook to 19.5-20%
3 years, 2 months ago

Infosys Q3 net profit up 11.8% at Rs 5,809-cr, ups FY22 revenue growth outlook to 19.5-20%

Firstpost  

Infosys’ revenue grew 22.9 percent to Rs 31,867 crore in the quarter ended December 2021 from Rs 25,927 crore in the year-ago period, it added New Delhi: India’s second-largest software services firm Infosys on Wednesday reported an 11.8 percent rise in consolidated net profit to Rs 5,809 crore for December 2021 quarter. Infosys’ revenue grew 22.9 percent to Rs 31,867 …

Infosys Q2 Net up 11.9%, raises revenue outlook on strong deal pipeline
3 years, 5 months ago

Infosys Q2 Net up 11.9%, raises revenue outlook on strong deal pipeline

India TV News  

Infosys Ltd, India's second-largest IT services company, on Wednesday reported better-than-expected 12 per cent rise in its second-quarter net profit on more contracts from global businesses, a reason that also led to it raising its annual revenue outlook. Net profit in July-September at Rs 5,421 crore, or Rs 12.88 a share, was 11.9 per cent higher than Rs 4,845 crore …

Infosys is Not ‘Anti-national’, Those Who Strike at the Heart of Indian Industry are
3 years, 6 months ago

Infosys is Not ‘Anti-national’, Those Who Strike at the Heart of Indian Industry are

News 18  

What termites do to a bookshelf, humans sometimes do to words. It has started following the Left’s footsteps with one word in particular: “anti-national”. The slur caught on when a group of people shouted “Bharat tere tukde tukde/ Inshallah, inshallah” on the JNU premises, while feting terrorist Afzal Guru, the man behind the 2001 Parliament attack. But since then, the …

Mohandas Pai Writes: Panchajanya Article Against Infosys Will Worry Indian Industry
3 years, 6 months ago

Mohandas Pai Writes: Panchajanya Article Against Infosys Will Worry Indian Industry

News 18  

The recent article in Panchajanya which makes extreme statements against Infosys is unacceptable and a result of narrow-mindedness that sees a conspiracy behind every shadow. My personal view is that this government has done a tremendous amount of work for Indian industries and businesses, such as banning Chinese apps to create space in India’s digital territory so that Indian start-ups …

RSS-Linked Journal Accuses IT Giant Infosys of Allying With 'Naxals, Tukde-Tukde Gang'. Here's Why
3 years, 6 months ago

RSS-Linked Journal Accuses IT Giant Infosys of Allying With 'Naxals, Tukde-Tukde Gang'. Here's Why

News 18  

In an unprecedented attack on IT major Infosys, RSS-affiliated magazine Panchajanya alleged that the Bengaluru-based company may be deliberately trying to destabilise the Indian economy and accused it of helping ‘Naxals, Leftists and tukde tukde gang’. The Sangh-linked magazine was slammming Infosys for issues surrounding the Goods and Services Tax portal and the new Income Tax portal of the government …

Panchajanya attacks Infosys on Income Tax portal glitches
3 years, 6 months ago

Panchajanya attacks Infosys on Income Tax portal glitches

The Hindu  

The issues surrounding the Goods and Services Tax portal and the new Income Tax portal of the government of India, developed by the Bengaluru-based software company Infosys, has come under a scathing attack by the RSS-associated magazine Panchajanya. More interestingly, the article then alleges that the Infosys Trust finances many “Left wing” outfits, including fact checking outfits, media portals, that …

Infosys Q1 Net Profit Jumps 23% To Rs 5,195 Crore
3 years, 8 months ago

Infosys Q1 Net Profit Jumps 23% To Rs 5,195 Crore

ABP News  

Mumbai: Information technology major Infosys on Wednesday reported a 23% jump in its net profit to Rs 5195 crore on the back of large deal wins. "We remain confident of delivering on the margin guidance, underpinned by our comprehensive cost optimization program, despite increasing cost headwinds arising largely from compensation review, talent acquisition and retention", said Nilanjan Roy, Chief Financial …

Infosys to Hire 35,000 College Graduates in FY22
3 years, 8 months ago

Infosys to Hire 35,000 College Graduates in FY22

News 18  

Infosys, the second largest Information Technology company has announced to hire 35,000 college graduates this financial year. We plan to meet this demand by expanding our hiring program of college graduates for FY 22 to 35,000 globally,” said Pravin Rao, chief operating officer, Infosys. We rolled out several intense employee engagement initiatives including career acceleration opportunities, compensation reviews and learning …

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