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Infosys explains how it achieved 9.9% revenue growth in Q2
Infosys has reported 9.9 percent increase in revenue to $3.21 billion in the second quarter ended September 30, 2019. Operating profit of Infosys increased 0.5 percent to $696 million. Operating margin...
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Infosys CEO Salil Parekh under scanner for unethical practices
Ethical Employees, a whistleblower group, has allegedly complained to the US Securities and Exchange Commission and the Infosys Board that CEO Salil Parekh was indulging in unethical practices to boost...
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Infosys wins digital transformation deal from Siemens Gamesa
Infosys announced its technology deal with Siemens Gamesa Renewable Energy (SGRE) to support its digital transformation journey. Infosys will provide IT infrastructure transformation of SGRE, including...
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Infosys cutting IT jobs in the middle and top level to reduce cost
Indian IT services company Infosys will be cutting jobs in the middle and top level to reduce cost. The Bangalore-based company is allowing people to leave the organization in the ranks of senior...
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Infosys to pay Rs 5.6 crore to settle misclassification of foreign workers
IT services company Infosys has agreed to pay Rs 5.6 crore to settle allegations of misclassification of foreign workers and tax fraud, PTI reported. “Infosys will pay California $800,000 or nearly Rs...
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Infosys enhances revenue guidance for fiscal 2020
Infosys reported revenues of $3.243 billion, registering growth of 8.6 percent year-on-year and 1 percent quarter-on-quarter, in the December quarter of 2019. Infosys said operating profit was $711...
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Infosys wins IT services deal from GEFCO
IT services provider Infosys has won a deal from automotive transport and logistics provider GEFCO to support its digital transformation over the next five years. Jean-Luc Galzi is the executive vice...
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Infosys to acquire Salesforce partner Simplus
Infosys has agreed to acquire Simplus, a Salesforce Platinum Partner in the United States and Australia, for about $200 million in cash. The deal is expected to close during the fourth quarter of FY...
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Infosys to stop salary increase and cuts employees number in Q4
Infosys said it has decreased the number of employees to 242,371 in March 2020 as compared with 243,454 employees in December 2019. The number of software professionals at Infosys was reduced to...
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GLOBALFOUNDRIES taps Infosys for digital transformation program
Infosys has been selected by GLOBALFOUNDRIES (GF), the world’s leading specialty foundry, as its partner for the company’s digital transformation program. Infosys will provide expertise and analytical...
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Infosys reveals some clients seek price cuts or drop deals
IT major Infosys has said the economic downturn because of the Covid-19 pandemic has forced some of its clients to invoke force majeure clauses while a few others terminated or suspended some of the...
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Infosys launches Summer of Ideas initiative tapping students
IT services provider Infosys announced the launch of the Summer of Ideas initiative to redefine the learning experience for university students worldwide. According to estimates by UNESCO, COVID-19 has...
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Infosys beats TCS in revenue growth in June quarter
Indian software giant Infosys said its revenues rose to 236.65 billion rupees — an increase of 8.5 percent – during the June quarter of 2020. Infosys reported an 11.4 percent rise in quarterly net...
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Lanxess taps Infosys for IT infrastructure digitization strategy
Infosys announced its deal with Lanxess, a specialty chemicals company headquartered in Germany. Infosys will support Lanxess in its IT infrastructure digitization strategy and enable its workforce...
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Infosys to hire 12,000 American workers in two years
Infosys announced that it plans to hire 12,000 American workers over the next two years, bringing its hiring commitment in the country to 25,000 over five years. Infosys in 2017 committed to hiring...
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Infosys to acquire Kaleidoscope Innovation
Infosys has agreed to acquire Kaleidoscope Innovation, a product design, development and insights firm for medical, consumer and industrial markets. Kaleidoscope Innovation brings to Infosys a diverse...
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Infosys to buy ServiceNow partner GuideVision
Infosys has agreed to acquire GuideVision, a ServiceNow partner in Europe, for an undisclosed amount. GuideVision is an enterprise service management consultancy specialised in offering strategic...
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Prabhu Bank deploys the Finacle core banking solution
Infosys Finacle announced the implementation of the Finacle Core Banking Solution at Prabhu Bank, a banking and financial services group in Nepal. Prabhu Bank aims to scale its retail and corporate...
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Infosys wins deal from Essential Utilities to deploy SAP ERP solutions
Infosys has won a deal from Essential Utilities, a water, wastewater and natural gas provider in the U.S., to deploy SAP S/4HANA and the SAP Customer Relationship Management and Billing for Utilities...
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Infosys inks IT services deal with Mobile Health AG
Infosys announced its IT services deal with Mobile Health AG, a Switzerland-based health technology startup, to enhance the go-to-market (GTM) strategy for its electronically patient-reported outcomes...
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