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Indian IT Outsourcer Infosys Names New CEO
TweetIndian outsourcing giant Infosys appointed a new chief executive on Thursday to help revive its flagging fortunes. Vishal Sikka told reporters that he felt honored to lead India’s second-largest...
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Infosys names Vishal Sikka as first external CEO in turnaround bid
TweetInfosys Ltd (INFY.NS), India’s second-largest IT services exporter, has for the first time picked an outsider as chief executive officer, as it seeks to boost sales of high-margin services like...
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Infosys CEO-designate Vishal Sikka bets on alliances with Oracle, SAP, IBM
TweetInfosys has quietly created a new portfolio of managing alliances with software product majors Oracle, IBM, Salesforce and SAP, a move many believe marks the Bangalore-based software exporter’s...
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Strong revenue growth to help TCS overcome margin issues
TweetWhile all attention was focussed on the change of guard and the Annual General Meeting at Infosys, sector leader TCS held an analyst meet late last week which helped restore faith in the company...
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China no threat to Indian IT: Infy
TweetChina’s rapidly growing IT industry is not a threat to Indian software services firms yet despite a major policy push towards outsourcing. “Our USD 100 billion software industry is under no threat...
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Infosys Technologies Stock Rating Reaffirmed by Zacks
TweetInfosys Technologies ‘s stock had its “neutral” rating reaffirmed by Zacks in a research report issued on Thursday. They currently have a $57.00 price objective on the stock. Zacks‘s target price...
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IT Outsourcing Provider Infosys Gets Facelift With New CEO
TweetLast week’s announcement that SAP executive Vishal Sikka would be taking the top spot at Infosys may be an indication that the Indian outsourcing provider is capable of making fundamental changes...
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Global companies boost captive tech centres in India
TweetGlobal captives or offshore delivery centres (ODCs) of multinational companies that act as technology and business process nerve centres for their global operations are back in favour with about...
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IT shares in demand after positive US data
TweetSeven IT shares rose by 0.11% to 6.32% at 9:37 IST on BSE on positive economic data in US, the biggest outsourcing market for the Indian IT firms. MphasiS (up 6.32%), CMC (up 1.76%), Wipro (up...
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Infosys new CEO’s tech background may be key in getting the Indian firm back...
TweetTech visionary and former SAP CTO Vishal Sikka is the new CEO of Infosys. His credibility as a technical professional could help win customers’ trust, and ultimately transform the IT services...
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Indian IT firms may report healthy revenue growth
TweetThe top five Indian information technology (IT) services providers are expected to post healthy dollar revenue growth in the seasonally strong June quarter, following stable demand from the US and...
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Infosys Q1 profit up 21.6 pct, retains annual forecast
TweetInfosys Ltd , India’s second-largest software services exporter, beat estimates with a 21.6 percent rise in quarterly net profit and retained sales growth outlook for this year on surging demand...
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Infosys Technologies Now Covered by Analysts at Stifel Nicolaus
TweetStock analysts at Stifel Nicolaus assumed coverage on shares of Infosys Technologies in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock. Other...
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Infosys beats estimates, Q1 profit rise 21.6 pc
TweetSoftware behemoth Infosys posted a YoY growth of 21.6% with Net profit at Rs 2,886 crore for the quarter ended June 30, 2014 riding on outsourcing contracts it bagged. Beating estimates and...
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India’s Infosys profit up 21% on US deals
TweetIndian outsourcing giant Infosys reported on Friday a better-than-expected 21 per cent jump in quarterly net profit, after winning new deals from US clients. The Nasdaq-listed firm said...
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Infosys denies allegation that it discriminated against Harley contract worker
TweetInfosys Ltd., an IT staffing firm hired by Harley-Davidson Inc. to outsource its internal IT functions, is denying claims after being sued for discrimination in a class action lawsuit over its...
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TCS continues to outpace Infosys, revenue gap widens to Rs 33,313 cr
TweetIndia’s largest IT services exporter, Tata Consultancy Services (TCS), has been outperforming its peers consistently and the gap with its rivals is continuing to widen. For instance, in FY10, the...
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Daimler Begins IT Transformation with Infosys
TweetCompany have handed over European data centre keys to Bangalore-based Infosys. Daimler, the German automobile company that manufactures Mercendes Benz, is making moves towards the cloud after...
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Infosys Turnaround: Incoming CEO Vishal Sikka Favors Tweaks Over Drastic...
TweetInfosys is struggling but incoming CEO Vishal Sikka said his prescription consists more of innovative tweaks than any drastic changes at the software company after he takes over at the end of the...
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Infosys shares rise on $1.8-billion buyback call
TweetShares of Infosys jumped as much as three percent Wednesday after three top ex-executives urged the Indian outsourcing giant to buy back shares worth $1.8 billion, saying the company is too...
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