Infosys embraces SAP Business Suite, powered by HANA

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.

Infosys goes live with SAP Business Suite

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.

Infosys BPO removes CFO Abraham Mathews for violating code of conduct

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”.

Infosys Edgeverve salaries on par with Google, Amazon

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.

Infosys in race to acquire Airbus unit CIMPA

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.

IT services industry should look at doing new things: Infosys CEO Vishal Sikka

BENGALURU: Infosys CEO Vishal Sikka, who has the ardent task of reviving the company, today criticised the Indian IT industry’s business practice of “doing old things cheaper” and said firms should innovate more. “As I speak to you it is my 100th day as the CEO of Infosys. I was not deeply familiar with the services industry until recently. As I had thought about the opportunities in front of us and the current state of Infosys, I see a tale of two cities,” Sikka said.

Vishal Sikka bets on Labs to reinvent Infosys & to compete with rivals like IBM & Accenture

BENGALURU: Infosys Labs, the research and development arm of India’s second-largest software exporter, will be the centrepiece of chief executive officer Vishal Sikka’s efforts aimed at reviving the Bengaluru-based parent as a nextgeneration services company. Infosys Labs will seek to implement disruptive technologies, including artificial intelligence and automation, by forging partnerships with companies engaged in these areas.

Infosys to hire over 2,100 in US, including 600 graduates

BENGALURU: Infosys said it will hire 2,100 professionals in the United States across consulting, sales and delivery in the next twelve months to scale up its global presence.  Significantly, the company will have an additional team of 300 management graduates working in some of the disruptive technologies, including big data and analytics, even as it looks to beef up its consulting practice by hiring 180 graduates as it takes on global IT consulting firms such as Accenture on its home turf.

Karnataka CM Siddaramaiah reaches out to Infosys, industry

BENGALURU: Software major Infosys is not pulling out of Karnataka on its proposed software development centre project, Chief Minister Siddaramaiah said today as he reached out to the industry seeking to dispel the impression that the state was becoming less friendly.  “Infosys, in its letter, have written that they will like to set up a software development centre project at Electronic City from Devanahalli IT Park citing lack of infrastructure. They are not going out of Karnataka,” Siddaramaiah told reporters here.

Infosys, DreamWorks Animation sign engineering pact

NEW DELHI: Country’s second largest software services firm Infosys has inked a strategic engineering services partnership with DreamWorks Animation.  The two companies intend to work together to further develop DreamWorks’ technologies to bring them to wider use, Infosys said in a statement.

Infosys pulls out of software development centre near Bengaluru International airport

BENGALURU: Software giant Infosys has pulled out of its proposed software development centre at an information technology park near the Bengaluru international airport. At a time when it is next to impossible to get industrial plots in Bengaluru, Infosys has taken the extreme step citing lack of infrastructure at the 1,000-acre park to pursue its business plans. The company has also asked the Karnataka Industrial Areas Development Board (KIADB) to refund the deposit for land it has paid.

Infosys CEO Vishal Sikka meets Telecom Minister Ravi Shankar Prasad

NEW DELHI: Infosys CEO Vishal Sikka today met IT and Telecom Minister Ravi Shankar Prasad to discuss how the Indian IT companies can be involved in the Rs 1 lakh crore Digital India programme. “CEO of Infosys Vishal Sikka met me. We discussed more active participation of India Inc in Digital India,” Prasad tweeted. This was a follow-up meeting between the two after their first meeting on Digital India programme in Germany.

Infosys sets up $ 2-million fund with Princeton University

BANGALORE: InfosysBSE -0.12 % has set up a $2-million fund along with Princeton University to enable up to two scholars to pursue research at the school’s Institute of Advanced Study, thereby underlining new CEO Vishal Sikka’s strategy of deepening partnerships with academic institutes globally.  This comes almost a month after Infosys signed an agreement with Sikka’s alma mater, Stanford, to jointly make course curriculum in Data science and Analytics and help Infosys and the college work on real-world problem areas.

US prosecutor recognised for probing case against Infosys

WASHINGTON: A US prosecutor who successfully investigated a precedent-setting work visa fraud case against Infosys, resulting in the Indian IT giant paying a whopping USD 34 million in settlement, has been recognised by Secretary of Homeland Security Jeh Charles Johnson for his work.  Shamoil T Shipchandler, former Eastern District of Texas federal prosecutor, and his investigative was presented with the Meritorious Service Award (Silver Medal), on October 21 in Washington DC by Johnson.

Two more SAP executives Ritika Suri & Abdul Razack join Vishal Sikka at Infosys

BANGALORE: Two more former colleagues from SAP have joined Vishal Sikka, becoming part of a team that is seen helping him implement a plan to transform Infosys into what the new CEO has described as a “next-generation IT services company.” With the addition of Ritika Suri and Abdul Razack, five senior executives from SAP have switched loyalties to Infosys since August 1, when Sikka took over as the first non-founder CEO of India’s second-largest software company.

ET View: For Infosys’ CEO Vishal Sikka, it is job well begun

There are a couple of striking parallels between the state of affairs in India and what is happening at Infosys. Both have new leaders who are promising fundamental transformation, and the mood is upbeat in India and in Infosys based in large part on hope. So it did help that on Friday that new CEO Vishal Sikka presided over the announcement of healthy growth in second-quarter topline and bottomline. Infosys also added to the festival cheer for investors with a generous interim dividend and a share bonus.

Infosys set to create position of chief technology officer for Navin Budhiraja

BANGALORE: Infosys may have its first ever chief technology officer (CTO) in Navin Budhiraja, former chief architect of SAP’s SuccessFactors. The matter is still under discussion, but the debate suggests that Infosys, under its new CEO Vishal Sikka, wants to move more aggressively towards the new digital technology imperatives — social, mobile, analytics and cloud — that are altering the way traditional IT services are delivered.

Former SAP EVP Michael Reh joins Vishal Sikka at Infosys

BANGALORE: Vishal Sikka has started putting his team in place to help steer Infosys after years of lagging behind, after a former SAP executive vice president joined Infosys as senior vice president on October 1.  Michael Reh, formerly EVP for business information and technology at SAP, will be based out of Hamburg, Germany, and reporting to one of the Executive Vice Presidents at Infosys, ET learns. Infosys currently has 12 EVPs although it is unclear for now what business will Reh be overseeing.

Revealed! Infosys Gives Salary Hikes Upto Rs 6 Crore

BANGALORE: Infosys has increased the salaries up to Rs 6 Crore for its executives, including executive vice-presidents and a few vice-presidents reports 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.”

Vishal Sikka’s innovation drive: Infosys to double investment in core banking product Finacle

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.