Bulls & Bears
Infosys whistleblower case going to trial
July 25, 2012 By V. Ganesh The lawsuit filed against Infosys by Mr. Jack Palmer is going to trial next month. On July 6th a US District Court Judge, Myron H. Thompson, had ordered Mr. Palmer and Infosys to engage in mediation, to attempt an out of court settlement. However, mediation talks held earlier in the […]
Infosys opens US development centre
July 24, 2012 By V. Ganesh In part of the company’s strategy to stay closer to clients, Infosys has opened a new development centre in Milwaukee, Wisconsin (USA), which will be a training centre, in addition to providing its global clients with access to its system integration and consulting business. Infosys currently gets around 70% […]
TCS overshadows Infy across the board
July 19, 2012 By V. Ganesh TCS has surpassed Infosys over the last few quarters across nearly all parameters. These include higher employee utilisation, volume growth, strong client pipeline, more opportunities in discretionary projects and growth in ‘troubled’ sectors such as telecom and BFSI. Employee utilisation, which refers to the number of employees working […]
TCS flying high with deal from Scandinavian Airlines
July 17, 2012 By V. Ganesh Tata Consultancy Services has won again, this time a multi-year outsourcing deal from Scandinavian Airlines (SAS), which is the Scandinavian region’s largest airline and is considered the most punctual airline in Europe. SAS will implement a finance and accounting (F&A) platform fromTCS for its operations across 30 countries. This […]
MindTree profits double on forex gains, vertical focus
July 16, 2012 By V. Ganesh Bangalore-based IT exporter, MindTree, enjoyed superb quarterly results as it more than doubled its net profits to Rs 89 crore in the first quarter of this fiscal on a sequential basis. Revenues increased 36.2% to Rs 563 crore during the same period last year. The company gained Rs 8.6 […]
Infosys posts 32% growth in Q1, slashes revenue guidance
Sequentially, net profit falls 1.2% on Euro/US crisis July 12, 2012 By V. Ganesh Infosys stocks dwindled by 8% Thursday after the company said it was cutting its revenue guidance by half for the year. Infy reduced its revenue guidance 5% to $7.34 billion down from its April estimate of 8-10% growth. Announcing its first […]
Europe good for Infy?
Interview with V. Balakrishnan, CFO and Board Member of Infosys July 12, 2012 By V. Ganesh Infosys continues to endure tough times. In fiscal 2012, the company lowered its guidance three times and in the first quarter of FY13, the company has again revised its guidance for the year ahead to 5% from the8-10% […]
Infosys BPO revenues increase
July 12, 2012 By V. Ganesh The BPO segment of Infosys has enjoyed $135 million in revenues in the first quarter of 2013 fiscal, a 23% growth over the fourth quarter of FY12. The revenue jump is attributed to its transformational projects instead of standard BPO services. The company has seen margins increase by 4 […]
Whistleblower case going to trial if Infosys denies misconduct
July 10, 2012 By V. Ganesh Infosys whistleblower, Mr. Jay Palmer, has ruled out the possibility of settling out of court if his employer continues to deny malefactions. Mr. Palmer’s attorney, Mr. Kenneth J. Mendelsohn of Jemison & Mendelsohn, said in a telephone interview that his client’s case will be taken to trial if, during […]
No first quarter fireworks for Indian IT
July 9, 2012 V. Ganesh India’s IT stars often enjoy a boom during the first quarter, but not this year, as firms continue to endure the slowdown while outsourcers dawdle on decisions regarding tech spends. Infosys, along with TCS, will be the first to report the numbers for the first quarter. Revenue guidance Analysts expect […]
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