NEW DELHI: Once an IT bellwether, Infosys expects to regain its premier status and beat industry growth rates in the next 18 to 30 months. The over $ 8 billion company’s market performance has been improving with every quarter and its latest quarterly results are reflective of that, says its CEO Vishal Sikka.
NEW DELHI: Infosys, the country’s second largest IT services firm, is open to ‘bigger scale’ mergers and acquisitions but with a caveat, it is not interested in “yesterdays” companies. The Bengaluru-headquartered company, that was once the bellwether of Indian IT industry, also says it is primarily interested in taking over innovative companies and in areas like automation and artificial intelligence.
MUMBAI: Infosys is now neck-and-neck with Tata Consultancy Services (TCS) in terms of operating margins, a year-anda-half after the Bengaluru-based company lost the most profitable IT firm title to its Mumbai-headquartered rival. Infosys was known for having the fattest margins in the IT industry in the last decade, but over the past two years, it shrank dramatically. In the second-quarter of fiscal 2013, TCS overtook Infosys to become the most profitable IT company in the country. A year later, TCS posted an operating margin of 30.2%, miles ahead of Infosys’ 21.9%.
NEW DELHI: IT services major Infosys today said it has implemented billing and payments solutions for L A Care Health Plan, the largest publicly operated health plan in the US. Its US-based subsidiary Infosys Public Services has implemented the IT solution for L A Care Health Plan, which serves over 1.6 million members. This solution will help improve access to health benefits for 24,000 members on its L A Care Covered plan offered through the Covered California health insurance marketplace, Infosys said in a statement.
BANGALORE: Infosys CEO Vishal Sikka, who shuttles between San Francisco and Bangalore to balance his family and work life, believes that India lives in his heart. Sikka, who took over as the first non-founder CEO of the country’s second largest IT services firm in August last year, stays with his family in the US. Talking to reporters here, Sikka said he is spending a lot of time in India.
BANGALORE: India’s second largest software services firm Infosys will expand its ‘Innovation Fund’ five times to $ 500 million to provide financing to start-ups and new technologies like artificial intelligence. “I am very excited that our board has approved expanding our start-up funding firm from 100 million dollars to 500 million dollars and we will dedicate a part of that investing in India,” Infosys CEO and Managing Director Vishal Sikka said.
NEW DELHI: InfosysBSE 5.02 % on Friday said it would pay out 100% variable bonus to employees for the quarter ended December. “We have made 100% variable payout for Q3 and have seen a further decline in attrition as a result of multiple initiatives taken over the last few quarters,” said U. B. Pravin Rao, Infosys chief operating officer. Chief Executive Vishal Sikka has upped efforts to engage with employees and boost their morale ever since he took over the role of the top boss at Infosys.
BANGALORE/MUMBAI: Infosys, the second largest IT player in India, expanded its global innovation to fund to $500 million, from $100 million, as it looks to focus on new ideas and products, and has appointed its former head of M&A to lead its engagement with startups. “The company has expanded its innovation fund ….to support the creation of a global eco-system of strategic partners.
NEW DELHI: Ever since Chief Executive Vishal Sikka took the helm at Infosys, his focus has clearly been on the employees- from easing internal processes to encouraging out-of-the-box thinking. Now, possibly the first time ever, the IT outsourcing major has gifted some high performers Apple’s latest iPhones as a token of appreciation.
BENGALURU: Infosys under new CEO Vishal Sikka is fast building its capabilities in the social, mobility, analytics and cloud space, or SMAC, as it has significantly upped its recruitment in this space even as it continues to put its existing workforce under training for artificial intelligence (AI), including machine-to-machine learning technologies. The country’s second-largest software exporter has also built a ‘Centre of Excellence’ for AI at its Pune development centre and plans to train over 500 engineers every quarter, according to people familiar with the development.
BENGALURU: Infosys is introducing disruptive technologies, including data analytics, to offer real-time solutions to banks and will engage with some homegrown startups as it looks to transform its core banking platform Finacle under the unit’s new boss, former SAP executive vice president Michael Reh. The company will also be making “significant investments” in its main Asia-Pacific market and the US, where Finacle hasn’t been able to expand much.
BENGALURU: Battling to regain lost glory, Wipro and Infosys are stepping up their age-old rivalry, this time to out-innovate each other as the two Bengaluru-based software exporters invest in disruptive technologies pegged to artificial intelligence and design thinking to bring greater efficiencies for themselves and their customers. Infosys Chief Executive Vishal Sikka, at an analyst event in Pune on Thursday, said some of his company’s rivals were imitating it and went as far as labeling their moves proverbially as “imitation is the best form of flattery”.
NEW DELHI: Country’s second largest software services firm Infosys is focusing on entering new segments and acquiring small innovative companies as the company looks to get its industry bellwether status back. Speaking at analysts meet, Infosys CEO Vishal Sikka said the company will look at firms working on “technologies of tomorrow” like artificial intelligence (AI) and automation for acquisition.
Australia has a better prepared payment ecosystem for Apple Pay than the US, according to Infosys. Consulting and systems integration managing partner, Robert Liong, said all payments terminals in Australia are already accepting EMV chip and PIN-based cards.
BENGALURU: Indian IT has often been accused of hiring low level, low-cost programmers, pejoratively referred to as “cyber coolies”. But Infosys’s new CEO Vishal Sikka looks now to be trying to win the best of global programming brains. The $8.2-billion IT company organized its first big hackathon in the US in Princeton University earlier this month. Called HackPrinceton, it saw the participation of more than 600 students. Princeton is a private Ivy League research university in New Jersey.
BANGALORE, INDIA: SAP SE today announced that Infosys Limited has gone live with SAP Business Suite powered by SAP HANA. With more than 150,000 users on the system, this is currently the world’s largest single instance of SAP Business Suite powered by SAP HANA. The system is deployed on a Hitachi Unified Compute platform for SAP HANA.
SAP has announced that Infosys Limited has gone live with SAP Business Suite powered by SAP HANA. With more than 150,000 users on the system, this is currently the world’s largest single instance of SAP Business Suite powered by SAP HANA. The system is deployed on a Hitachi Unified Compute platform for SAP HANA. With SAP HANA, Infosys expects to accelerate its financial closing processes, progressively move more and more batch activities into a real-time environment and renew the whole user experience with the SAP Fiori user experience.
BENGALURU: The CEO and finance chief of Infosys BPO have left the company after the parent discovered what it termed as failure to comply with its “code of conduct”, the first such incident at India’s second-largest software firm. Infosys, widely respected for its transparency and corporate governance standards, appointed veteran executive Anup Uppadhayay as new CEO replacing Gautam Thakkar who resigned on “moral grounds”.
BANGALORE: Infosys’s newly-created subsidiary Edgeverve Systems is modelled like a software product startup and has stepped out of the shadows of the $8.2-billion IT services firm. The five-month-old company offers salaries that are on par with internet giants and tech firms like Google, Amazon, Salesforce, Microsoft and SAP, it selects its employees through a highly rigorous process, and its work culture is more akin to a startup —none of the mandates such as spending 9.15 hours at work that are the bane of the services business.
Software major Infosys is in the race to acquire CIMPA, the engineering services unit of Airbus, people familiar with the development said, making it potentially the first acquisition after Vishal Sikka took charge as CEO over three months back. The deal will help Infosys deepen its presence in the engineering services space, a segment that currently contributes to less than 5% of its revenues. Sources said Infosys could also get a revenue assurance from Airbus as part of the deal.