Infosys' Q1FY20 results come at a time when Gartner, the US-based global research and advisory firm, has lowered its projection of worldwide IT spending growth in 2019 to $3.74 trillion.
More than 70 companies, including software exporter Wipro Ltd, announced or completed Rs 354.6 billion of share buybacks in the first half of 2019
These companies, which are buying back shares, will see costs rising
The Bengaluru-based company, like many of its peers, has been ramping local hiring in key markets like the US, the UK and Australia to tackle increasing scrutiny around work visas by various govts
The facility will provide space for Infosys and its clients to ideate, collaborate and innovate together by combining design and the latest technology offerings, including artificial intelligence
Such partnership will not only give the company an opportunity to showcase its expertise in new technology areas, they will also help in boosting its brand image with clients and employees
Founded in 1997, Stater is the largest mortgage service provider of the Benelux
COO U B Pravin Rao drew Rs 9 crore in FY19; comparative data on CEO salary not available
The Bengaluru-headquartered firm has faced high attrition levels of close to 20 per cent in recent quarters, one of the highest among its peers
Infosys termed the latest programme '2019 Plan' as being "distinct" from previous plan of 2015 where the granted shares largely vested based on time
The Home Ministry has cancelled the registration of Bengaluru-based NGO Infosys Foundation for alleged violation of norms in receiving foreign grants, officials said Monday. All non-government organisations (NGOs) are mandatorily required to be registered under the Foreign Contribution (Regulation) Act or FCRA to receive foreign funding. The Home Ministry had last year served show cause notice to Infosys Foundation for failing to submit annual income and expenditure statement on foreign funding for up to six years despite repeated reminders, officials said. The registration was cancelled as Infosys Foundation allegedly did not file income and expenditure statement on foreign funding for the past few years, they said. As per FCRA guidelines, registered associations are required to submit electronically an online annual report with scanned copies of income and expenditure statement, receipts and payment account, balance sheet, etc., for every financial year within nine months of the
In January, Infosys had said it has already hired over 7,600 staff in the US - more than three-fourths of its target of recruiting 10,000 American workers
Lack of onsite projects, better pay offered by global captives, and rising utilisation level seen as key reasons for high attrition
Our investment in sales is already starting to show some impact, says Salil Parekh
The IT firm plans to add around 20,000 freshers this year to its workforce
This is for a second year in a row when the Bengaluru-headquartered firm has reduced its margin forecast
The company also declared dividend of Rs 10.50 per share
On January 11, Infosys had announced to buy back shares worth up to Rs 8,260 crore at Rs 800 apiece
Infosys was able to clock strong revenue growth in the first nine months of FY19, largely supported by large deals
The all-cash transaction is likely to be complete in the first quarter of 2020, subject to regulatory clearance