BANGALORE: Infosys has increased the salaries up to Rs 6 Crore for its executives, including executive vice-presidents and a few vice-presidents reports rediff.com. A rise in their pay packages includes some of the recent recruits from German enterprise software maker SAP, the previous employer of Infosys chief executive Vishal Sikka. Kris Lakshmikanth, chief executive and managing director of executive search firm Headhunters India said, “After this, you might see at least 30-40 executives in other Indian IT firms joining the $1-million salary club.”
BANGALORE: Vishal Sikka’s drive to put innovation at the core of Infosys culture to offer new products and solutions is underlined by the CEO promising to double company’s investment in its core banking product, Finacle, which until late last year was being considered to be sold-off. With Sikka at the helm, Infosys has shelved plans to explore selling off its banking product Finacle, as the Board of Infosys until late last year wanted to spin off Finacle and then look out for a buyer, two executives directly familiar with the development told ET.
MUMBAI: InfosysBSE 1.27 % Ltd’s new CEO has come up with a novel approach to reviving the financial fortunes of country’s trailblazing outsourcing firm: use Facebook at work, tweet, but get the job done. Infosys has long been run as a conservative company known for keeping strict tabs on work hours and sometimes fining employees for not wearing ties on specific days. Such cheerless self-regard could not have come at a more challenging time, analysts say.
BANGALORE: As the ambitious Digital India programme is rolled out, Telecom and IT Minister yesterday enlisted the support of Vishal Sikka, head of India’s second-largest IT services firm, to help the project succeed. Sharing the details of the programme with Sikka in Berlin, Prasad asked Infosys to take the lead in contributing to the success of Digital India. The programme includes projects that aim to ensure that government services are available to citizens electronically and people get benefit of the latest information and communication technology.
BANGALORE: Michael S Dell wants to more than treble the software services revenue in a “few years”, an ambition that the entrepreneur is betting on his team of leaders handpicked from Indian outsourcing giants such as Infosys and Wipro. Significantly, the founder, chairman and CEO of the Texas-based computer hardware and services firm believes ever since going private, Dell has been able to focus more on clients without being distracted by “activist shareholders” and invest in some of the long-term strategies, including investing in cloud, security and analytics space.
BANGALORE: Infosys’ two-year transformational process may take at least another two years as the company aims to scale itself to offer high-value services, according to experts who got a chance to interact for the first time with Chief Executive Officer and Managing Director Vishal Sikka at an event in Berlin last week. Even so, analysts who were at the customer event believe that if successful, the country’s secondlargest software exporter could see improved margins with a new approach of trying to balance “to-do-same-for-less” contracts with “co-innovate-withthe-customer” type of deals.
Infosys Ltd, India’s second-biggest IT services provider, said it had signed a partnership agreement with Huawei Technologies Co Ltd to offer enterprise customers cloud computing services. Infosys also said it had expanded existing cloud computing partnerships with Microsoft Corp and a Hitachi Ltd unit. Infosys, led by chief executive Vishal Sikka, has been planning to boost investment in cloud computing, smartphone apps and other new technologies to win more high-margin outsourcing contracts.
BANGALORE: Indian IT companies will be fiercely competing with MNCs for five big IT contracts in Australia valued at over A$2 billion (Rs 11,000 crore). Infosys, Wipro, TCSBSE and HCL Technologies are participating alongside IBM, HP and Capgemini in request for information (RFI) and request for proposal (RFP) for incremental IT outsourcing work coming from Sydney Water, Rio Tinto, Jetstar, Aurizon and Transport for NSW, said an Australian IT consultancy firm that did not want to be named.
BANGALORE: Accel Partners snatched an opportunity to impress cash-rich Infosys when the Silicon Valley-based venture capital fund pitched at least two portfolio companies to the Bangalore-based outsourcer, according to two people with direct knowledge of the development. Accel Partners, which counts Facebook and Flipkart among its portfolio firms, showcased six startups, including CrowdAnalytix and Paxata, before the senior management of Infosys,,,
BANGALORE| MUMBAI:Vishal Sikka at the helm of Infosy and Rishad Premji as head of strategy at Wipro scouting to pick up stake in startups focused on disruptive technologies have made investment bankers optimistic that country’s moribund outsourcing sector could see more deals in the coming months. However, both foreign and domestic bankers believe that the small acquisitions and partnerships would not be enough and a big buy-out has to be done before the rainmak .
Infosys is focusing on strengthening its engagement with clients by deploying delivery side employees to sales, in what is to be one of the first measures being put in place by new chief executive Vishal Sikka. The country’s second-largest software exporter, which seeks to regain the IT bellwether’s tag, will deploy 150 executives with technical background currently working at the delivery side at Infosys’s client locations, said a senior executive of the company.
BANGALORE: Vishal Sikka will put innovation at the centre of Infosys’ strategy, invest aggressively in startups and pursue ‘capability enhancing and energy-infusing’ acquisitions to take the one-time flagbearer of India’s software services industry back to its status of a sector bellwether in the next two years. In his first exclusive interview on the eve of taking over as the first non-founder CEO of the company, the former SAP board member said the company will find a balance between innovating for the future and ensuring that existing business is not compromised.
BANGALORE: Infosys will pay its new chief executive officer Vishal Sikka up to $ 5.08 million in annual salary besides a stock option of $ 2 million, a package considered lower than global peers. Sikka, 47, will replace SD Shibulal and take charge on August 1. India’s second-largest software services exporter sent out a circular calling for an extraordinary general meeting (EGM) of company shareholders on July 30 at Bangalore to approve appointment of Sikka as the new Chief Executive Officer (CEO). According to the circular, Sikka will be paid an annual base salary of $ 9,00,000 and annual variable pay of $ 4.18 million.
NEW DELHI: Bullish on the multi-billion global education sector, HCL Learning today said it has forayed into international markets, including Nepal, the Middle East and Africa to offer customised content in these regions. HCL Learning, a wholly owned subsidiary of IT firm HCL Infosystems will offer K-12 content in these markets in partnership with local educational service providers and schools.
BANGALORE: Former SAP board member Vishal Sikka is all but certain to be chosen as the new CEO of Infosys, according to two people aware of the company’s plan. The appointment of Sikka, 47, who resigned from the German business software maker early last month, is likely to be announced within the next few weeks.
BANGALORE: Infosys Chairman and Chief Mentor N R Narayana Murthy on Thursday termed his company’s performance as “creditable” and assured investors that the company remained on track to regain its lost momentum in two years. In his first address to shareholders since his return last year in June, Murthy asked over 160,000 employees at Infosys to “think big and act boldly” and hinted that bold steps are in the offing he believes “nothing is as painful as staying stuck where you do not belong”.
India’s information technology sector, after what seems like years, is back to where it once was: optimistic about the future. The Big Four of India’s software-led services industry that includes business process outsourcing (BPO) pleasantly surprised the markets this month with solid results for the January-March quarter. All four — Tata Consultancy Services (TCS), Infosys, Wipro and HCL Technologies — showed numbers that were better than analyst expectations that dispelled concerns about persisting worries in advanced economies affecting their business.