Infosys gives 6-12% average salary hike to employees

IndiaTimes of India — BENGALURU: India’s second largest software exporter Infosys, which posted strong results for the fourth straight quarter, has handed out an average wage hikes of about 6-12% for all its offshore employees, while on-site employees have been given average hikes of about 2%.

Indian IT giants TCS, Infosys and others may see growth slowing in 2016

IndiaTimes of India — MUMBAI: Indian IT services exports are likely to grow at a slower pace next fiscal year than in the recent past as global clients rein in technology spending, an industry lobby group said on Thursday. The cutback on routine IT services is likely to push firms including Tata Consultancy Services Ltd and Infosys Ltd to sharpen their focus on high-margin digital services, analytics and artificial intelligence to cushion the impact on earnings.

Infosys, TCS invest in Barack Obama’s ‘Computer Science for All’ plan

IndiaTimes of India — NEW DELHI: India’s top software exporters have joined the likes of Google and Salesforce to support US President Barack Obama’s just announced $4-billion ‘Computer Science for All’ initiative that aims to dramatically increase the number of children with access to computer science training in the US and build a more technologically advanced nation.

Infosys promotes 2,100 employees after stellar Q3 numbers

IndiaTimes of India — BENGALURU: Infosys has promoted 2,100 employees soon after reporting stellar December quarter numbers that comfortably overshadowed not only market expectations but also larger rival Tata Consultancy Services, which missed estimates for the quarter.

Infosys to open largest campus in Hyderabad

IndiaTimes of India — HYDERABAD: India’s second-largest IT company Infosys would formally inaugurate its campus at Pocharam here in February, Telangana Information Technology Minister K T Rama Rao said. “The seating capacity of the campus is 25,000. Currently, 12,000 employees are working there. They are planning to inaugurate the campus formally in February, after the Greater Hyderabad Municipal Corporation (GHMC) elections,” Rao told reporters on the sidelines of a programme at T-Hub.

India: Infosys, Wipro tweak corporate venture strategy to back startups with disruptive tech

IndiaDeal Street Asia — Nike Inc.’s October announcement of a partnership with DreamWorks Animation-backed Nova to tap 3D technology to change the way it designs its athletic gear, was cheered in the Bengaluru office of Infosys Ltd. The Indian software services firm invested $15 million in Nova earlier this year, its first investment from a $500 million innovation fund created to back start-ups focused on disruptive technologies.

India’s top 5 IT firms like TCS, Infosys, Wipro, HCL & Tech Mahindra may see single-digit revenue growth in FY16

IndiaTimes of India — BENGALURU: India’s largest homegrown multi-billion-dollar IT services firms are set for a reality check with revenues likely to grow at the slowest pace since the global financial meltdown following the 2008 Lehman Brothers crisis. At least half-a-dozen analysts ET spoke to estimate that revenues of India’s top five IT companies — TCS, Infosys, Wipro, HCL Tech and Tech Mahindra — will grow at single-digit rates (5-9%) in 2015-16.

Infosys Finacle teams with Oracle to offer Finacle on Oracle Cloud

IndiaTimes of India — BENGALURU: Infosys Finacle, part of EdgeVerve Systems, has launched Finacle as a managed service on Oracle Cloud. This offering will enable banks globally to leverage Finacle’s industry-leading solution suite, along with other enterprise-class applications hosted on premise or in an external environment, to gain agility and cost efficiencies. With this offering, Finacle becomes one of the first comprehensive banking platforms to be available as a managed service on Oracle Compute Cloud.

Infosys, Huawei to launch smart stadium solution

IndiaTimes of India — NEW DELHI: Infosys, country’s second-largest software services firm, and Chinese ICT solutions provider Huawei have partnered to launch a smart stadium solution. The solution will provide high-speed Wi-Fi access and smart services for users in stadiums and exhibition centres, a statement said. No financial details of the partnership were disclosed.

Infosys, General Electric Tie Up to Improve IoT Offerings

IndiaNASDAQ — Infosys Limited has joined forces with U.S.-based conglomerate General Electric Company and other members of the Industrial Internet Consortium (“IIC”) to develop innovative Internet of Things (“IoT”) offerings. Through this alliance with its peers, Infosys intends to consolidate its position in the global cloud market.

Infosys building new IoT solutions, partners with General Electric

IndiaIndia Times — BENGALURU: Infosys is building new solutions in the Internet of Things (IoT) space for its clients and has formed a partnership with long-time customer General Electric, at a time when the US-based industrial conglomerate is doubling down on industrial internet. Industrial Internet refers to the integration of appliances and machinery with sensors and software that are networked.

Infosys partners American VC Vertex Ventures to boost access to startups

IndiaDeal Street Asia — Infosys Ltd has partnered with Palo Alto-based venture capital firm Vertex Ventures US Fund I Lp to boost its access to start-ups focused on disruptive technologies. The move by Infosys Innovation Fund, which has an outlay of $500 million, puts India’s second-largest software services exporter in the league of technology titans such as Google Inc. that (through their corporate venture arms) have partnered with VC firms across the globe to find the next big thing.

Infosys launches new solutions for banking segment

IndiaTimes of India — NEW DELHI: Infosys has launched two new financial products for the Indian market that will help it tap the multi-million dollar opportunity in the newly announced payments banks segment.  The two products — Finacle Payments Bank and Finacle Small Finance Bank solutions — are part of EdgeVerve Systems, the product subsidiary of Infosys, the country’s second largest software services firm.

Infosys to build 3 more campuses in Bengaluru

IndiaTimes of India — BENGALURU: Karnataka government has cleared three major IT projects planned by Infosys to set up more campuses in the city at an investment of Rs 1,918 crore that would generate 27,000 jobs. “The IT major Infosys is going to invest $290 million (Rs 1,918 crore) on three campuses. One will be built at Electronic City and other two at Konappana Agrahara of Bengaluru South taluk,” chief minister Siddaramaiah said in a statement.

Huawei Kicks Off Open IT Ecosystem For Finance Industry

ChinaHuawei plans to partner with financial services providers including Acenture, Deloitte, First Data and Infosys to promote the the adoption by the banking industry of open-standards and cloud-based technologies comparable to those used by Internet start-ups. “Internet companies have achieved great success by deploying cloud computing and open architecture,” Huawei stated.

BofA now giving out $300 million of annual business to Infosys

IndiaTimes of India — BENGALURU: Bank of America, which is one of the biggest technology customers of India’s $146-billion IT industry, is now again handing out business worth over $300 million to India’s second largest software exporter Infosys, after a brief drop in business volumes last year. According to Infosys’s latest quarterly report, the company now has a customer that contributes about $300 million of annual revenues.

Infosys surges 11% after stellar Q1 performance, higher revenue guidance

IndiaTimes of India — MUMBAI: The stock of Infosys surged over 11% in early trade on Tuesday after the company said its net profit for the April-June quarter rose 5% to Rs 3,030 crore and under its new CEO, Vishal Sikka, who is just one year into the job, it has manage to win large orders. Under Sikka, the company has made some changes to its focus areas which include high-margin businesses like automation, artificial intelligence and digital technology.

Infosys To Offer Finacle In The SaaS Mode With Verizon

IndiaRTN Asia — Infosys said it will now offer the Finacle suite of software solutions on Verizon Cloud. Finacle is a software suite designed to run banks on, while Verizon cloud refers to an Internet-based platform offered by Verizon. Core bank software is usually not run on cloud computing infrastructure, particularly over public cloud platforms, due to security-related concerns.

China Telecom, Infosys Are Among the Winners of Asia’s Best Analyst Days

APACMarket Wired — NEW YORK, NY: China Telecom, India’s Infosys and South Korea’s Samsung Electronics Co.are among the top-ranked companies in Institutional Investor’s inaugural ranking of Asia’s Best Analyst Days. To be successful, an analyst day — or capital markets day, as the events are sometimes called — must provide an opportunity for portfolio managers and sell-side researchers to get to know the executive teams of the companies they cover, learn about their short- and long-term objectives, gain a greater understanding of the business dynamics, and have their questions answered promptly and thoroughly.

Infosys wins three deals abroad, from IN

IndiaNEW DELHI: IT major Infosys has bagged three deals from overseas clients which include two in the financial services space and one for managed services.  Croatia’s Hrvatska Postanska Banka (HPB) and Sharjah Islamic Bank (SIB) in the middle east have selected Infosys Finacle Payments solution for their business.  “The Finacle solution will also help HPB to comply with Single Euro Payments Area (SEPA) requirements and support Croatia’s harmonisation process with European Union regulations and Payment Service Directive,” Infosys said in a statement.

Open Data Center Alliance Welcomes Board Members from China Unicom, Infosys and Intel

China.gifPORTLAND, Ore., May 26, 2015 /PRNewswire/ — The Open Data Center Alliance (ODCA), the global organization where members work together to advance the deployment of enterprise cloud solutions and services that are interoperable, secure and free of vendor lock-in, today welcomed three new members to its Board of Directors – Samson David of Infosys, Edward Goldman of Intel, and Wanjing Li, of China Unicom Group. The Alliance also introduced nine new member companies, bringing its general membership to an all-time high as the organization approaches its fifth anniversary.

Infosys creates special team to manage top clients

IndiaBENGALURU: Infosys has created a special team under direct supervision of chief executive Vishal Sikka to manage the top 15 customer accounts at India’s second largest software exporter. It is also in the process of completely revamping its core banking software Finacle, with heavy investments underway in the US. During an investor conference in New York, Sikka said Infosys has hired a new chief technology officer ( CTO) for its products business.

Infosys’s $20-billion 2020 vision gets Gartner’s backing

IndiaBENGALURU: Technology research firm Gartner believes Infosys is poised to win significant market share over the next two years and that the software major may be on course to reach its goal to become a $20-billion company by 2020. “We are confident in the company’s near-term to mid-term growth forecast, based on the growing pipeline, marked improvements in attrition levels that are positively influencing win rates and a more targeted message that is resonating well with clients,” Gartner analyst Sandra Notardonato said.

Bengaluru may get Infosys’s biggest centre

IndiaBENGALURU: Infosys has proposed a significant expansion of its operations in Bengaluru, adding about 21,500 seats at the Electronics City software hub by spending about Rs 2,000 crore. If the plan fructifies, it will make Karnataka’s capital the biggest centre for the company, surpassing Pune. The company, which ended March 2015 with revenue of Rs 53,319 crore ($ 8.7 billion), has submitted a proposal to the government seeking clearances. Information technology minister SR Patil told ET that the software company is keen to pursue its investment plans in Bengaluru and create new jobs.

Will Indian IT firms like Infosys, TCS & Wipro be able to sustain growth by pivoting to new market segments?

IndiaThe bloom is coming off the rose for many Indian IT services firms. Over the past decade, India created a wealth-generating “engine” of innovation and an industrialised services model. That disruptive model took the world by storm. It humbled industry giants, bringing once-great firms such as EDS and CSC to their knees and forcing other great firms such as IBM and Accenture to adopt India’s model. Large Indian firms such as Cognizant, Infosys, TCS and Wipro  became global leaders. The engine built a $100 billion-plus services industry that sheltered a generation of IT talent and placed India squarely in the centre of the knowledge economy.

Infosys acquires US firm Kallidus for $120 million

IndiaBENGALURU: Infosys has acquired US-based digital experience solutions company Kallidus for $120 million that includes a deferred component and retention bonus. Kallidus offers including mobile commerce and in-store shopping experiences to large retail clients. It develops and host mobile websites, apps, and other digital shopping experiences across mobile, tablet, desktop, in-store and all emerging channels.  The latest acquisition is Bengaluru-based IT company’s second acquisition this year.

Infosys eyeing startups, sees over $1 billion revenue boost

IndiaBENGALURU: Infosys is set to identify and incubate about a dozen new ideas that could potentially bring $100 million (about Rs 620 crore) each and a total of over a billion dollars in incremental revenue annually over the next few years, as part of a strategy being spearheaded by CEO Vishal Sikka to propel growth at India’s second largest software exporter.

Vishal Sikka’s strategy sees Infosys shift focus to Internet of Things and artificial intelligence

IndiaBENGALURU: Infosys is set to identify and incubate about a dozen new ideas that could potentially bring $100 million (about Rs 620 crore) each and a total of over a billion dollars in incremental revenue annually over the next few years, as part of a strategy being spearheaded by CEO Vishal Sikka to propel growth at India’s second largest software exporter. The company is in the process of identifying new ideas after zeroing in on areas such as artificial intelligence, automation and Internet of Things, two people directly familiar with the strategy said on the condition of anonymity.

TCS, Infosys, HCL Tech, Tech Mahindra in race to buy US-based IT firm: Sources

IndiaWhile the Indian IT firms are getting aggressive in buying smaller ticket size companies in the US, sources with direct knowledge share that one such candidate, Sierra-Cedar with HQ in Georgia, US is close to launching a sale process soon. Valuation expectation for a complete sale of Sierra-Cedar is pegged at around $350 million, a source said.

Infosys, Accenture in last lap for Rs 900-crore deal in Australia

AustraliaBENGALURU: Infosys and Accenture have entered the final lap to clinch a Rs 900-crore ($150 million) IT outsourcing contract from Australia-based financial services provider Macquarie Group. The five-year contract will include application development, testing and infrastructure management services (IMS), said sources privy to the development.  Macquarie provides banking, financial, advisory, investment and funds management services. It employs more than 13,900 people in 28 countries.