Page 47 - Infosys

Murthy scores over Seshasayee in Infosys making Ravi Venkatesan co-chairman

Venkatesan has been among the key negotiators with Murthy after he raised concerns over governance

Infosys' hiring dips by 65%; 37,915 techies exit the firm

The company's total headcount for FY 2017 increased 6,320 to 200,364 from 194,044 in FY 2016

Infosys paying Rs 13,000 cr to shareholders is too little: Ex-CFO

Balakrishnan also said there is no substance in appointment of Venkatesan as co-chairman

Increasing commoditisation of services a 'challenge', says Vishal Sikka

About 65% of our workforce produces 55% of our revenue, says Vishal Sikka

Need to reduce 'friction' in India businesses: Narayana Murthy

Says environment must be created where the government has more trust in its entrepreneurs

Infosys Q4 results: Stock falls over 4% on weak guidance

The stock was down 2.5% lower at Rs 944, falling nearly 5% from intra-day high of Rs 991 on BSE

Outlook on IT sector negative; TCS will disappoint like Infosys: SMC Global

Interview with Saurabh Jain, Head-Fundamental Research at SMC Global Securities

Infosys will return up to $2 bn to shareholders; appoints co-chairman

Co finally yielded to pressure for a share buyback from a group of founders and former execs

Infosys results: Sikka struggles with Q4 execution in a bad IT market

Unanticipated execution challenges, distractions in a seasonally soft quarter affected performance

Will Infosys surprise D-Street with a buyback today?

Here is what leading research houses expect from Infosys' Q4FY17 numbers later in the day today

Will Infosys announce a buyback on April 13?

Here is what leading brokerages and research houses expect from Infosys when it announces its Q4FY17 numbers on ThursdayThe fourth quarter results season for financial year 2016-2017 (Q4FY17) kicks off this week, with Infosys set to announce its numbers on Thursday. It has been a challenging quarter for the information technology (IT) companies that saw headwinds on account of H1-B visa related issues. That apart, Infosys had to deal with salary-related conflict between the management and the company's co-founders.The Nifty IT index has been a laggard in the recent rally, underperforming the markets by a wide margin. Since the Nifty50 index hit its recent low in December 2016, the Nifty IT index has gained around 4.6% as compared to nearly 17% rally in former.Against this backdrop, here's what leading brokerages and research houses expect from Infosys' Q4FY17 results:JEFFERIESWe expect revenue growth of 1.2% quarter-on-quarter (+0.9% in constant currency (CC), +5.5% YoY). Growth ...

Stocks drop for third day as Infosys falls before results

The S&P BSE Sensex Index fell 0.4 per cent at 29,575.74 at close in Mumbai

Infosys results may stumble on global headwinds, rupee rally

Firm is also fighting battle to come out clean from complaints of governance lapse

Sikka's good reason clause global practice; Infy disclosure norms not good

Officially, out of Sikka's $11 million salary, $8 million is variable pay

Infosys row: Pai backs Murthy; says Rao's pay spectacular, not performance

Salary of Infosys' CFOs 3-4 years ago was Rs 3.5 cr or Rs 4 cr. Now, it has gone up to Rs 12 cr

Infosys shareholders approve new AoA, pay hike of COO Pravin Rao

Infosys today said its shareholders have approved the proposal to adopt a new Articles of Association (AoA), bringing in provisions for buyback of shares and appointment of independent directors. "The resolutions...Have been passed by the members of the company with requisite majority. The approval is deemed to have been received on the last date of receipt of postal ballot forms March 31," Infosys said in a BSE filing. Shareholders also approved revision in compensation of Chief Operating Officer & Whole-time Director U B Pravin Rao, and also appointment of D N Prahlad as an Independent Director. In February, Infosys Board had approved pay hike of its Chief Operating Officer U B Pravin Rao. According to the new Articles of Association (AoA), Infosys "may purchase its own equity shares or other securities by way of a buy-back arrangement." Infosys, which has liquid assets worth Rs 35,697 crore (about USD 5.25 billion) on its books, has been under pressure from investors to ..

Infosys joins open source community to share intellectual property with cos

India's second largest IT service firm Infosys on Tuesday became a community member of Open Invention Network (OIN), joining global firms such as Google, IBM and Toyota to share intellectual property on Linux programmes developed between organisations. OIN is the largest open source software community with 2000 members. With more customers of Infosys in banking and other sectors across the different countries use open source to develop many consumer-focused applications, the company believes open source software is important. The OIN allows Infosys to access intellectual property from other companies through a sourced pool and without paying a royalty fee.The Indian IT services firms are shifting their business towards digital technology services and platforms like open source owing to increasing demand from clients for pay-as-you-use model. One of the US-based banks that outsources services to Indian firms like TCS, Cognizant recently said it is experimenting many customer ...

Employee strength at Infosys' Chennai Development Centre soars from 300 in 1996 to 20,000

Infosys also moved to new offices in sprawling campuses at Mahindra World City

Infosys' US arm to modernise Texas child welfare info system

The system is used to serve 12 million children, the elderly and the disabled

Infosys amends Articles of Association to go for share buyback

Infosys, the second largest IT firm has amended its articles of association that would allow it to go for a share buyback, a move watched by shareholders including its founders, who have sought better capital allocation by the company.The Bengaluru-based software firm on Thursday said it has sought shareholders approval to amend the articles of association to conform with the Companies Act 2013.Infosys has around Rs 35697 crore in cash as on December 31, 2016 and sources say that the company could return half of it to shareholders either through a buyback or dividend. When asked if the company had a plan to pay out the excess cash on books through buyback, in a recent investors' conference call, chief executive Vishal Sikka said: "All the options are on the table and we are not opposed to any of them."While Infosys saw a marginal increase over Q2 of the current fiscal, in the second quarter the company added a little over Rs 2400 crore in it cash reserve with a 7 per cent sequential ..