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.
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.
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.
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.
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.
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.
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.
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.