Infosys’ banking platform Finacle looks to invest in US-Asia Pacific

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.

Wipro, Infosys outpacing each other to meet demands in unfavourable global environment

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”.

Infosys focuses on small acquisitions, entering new segments

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.

Infosys organizes US hackathon to attract global talent

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.

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.