Infosys Ltd said it has not made up its mind about its next CEO, and media speculation about the next leader being from outside the company was just that. “The company’s search for its new Chief Executive Officer and Managing Director continues and no decision has been taken in this regard as of date. Any […]
Stocks of Indian IT service providers like Tata Consultancy Services, Infosys Ltd, HCL Technologies etc. are near their historic lows in terms of valuation and do not have much more scope for further correction, Edelweiss Financial Services said. “IT stocks have corrected sharply in the past couple of months led by INR appreciation and portfolio […]
Tata Consultancy Services Ltd may hire more off-campus freshers this year than previously as it has offered only 25,000 appointment letters as part of its campus recruitment program for this year. The company, which crossed the 3-lakh employee base last quarter, plans to hire about 55,000 people this year, and said it has given letters […]
Wipro Limited reported IT services revenue of $1,720.2 million, a sequential increase of 2.5% and YoY increase of 8.5%. IT Services revenues in rupee terms was 106.2 billion ($1.8 billion1), an increase of 24% YoY. The numbers are better than those of Tata Consultancy Services and Infosys. TCS had reported growth of 1.9% and Infosys […]
Tomorrow is the much awaited Infosys quarterly earnings results – an event that would set the agenda for IT stocks for the coming days or weeks. So what should you expect from the results? First off, Infosys is unlikely to report the 1.5-2% growth in dollar revenues that it has managed for the last two […]
Infosys Ltd confirmed its CEO SD Shibulal will retire on or before Jan 9, 2015, and that the company has appointed firms to find his successor. “Mr. Shibulal has expressed his desire to retire as the CEO and MD of the company and as a member of the Board of Directors either on the date […]
Nobody who has been following recent management changes at Infosys Ltd should be surprised by the resignation of Senior Vice President Chandrasekhar Kakal. Kakal had seen his role drastically cut down just two months ago when Murthy announced a total alignment of Infosys’ management structure. From a executive council based structure, Infosys went to a […]
Infosys Ltd released a statement quoting the executive director of United Bank of India as saying that there ere no inherent deficiencies in Infosys’ banking software Finacle. United Bank had blamed the software for miscategorizing healthy accounts as non-performing assets earlier this week. Finacle has “inherent deficiencies to correctly identify NPA in certain categories of […]
