Tag Archive | outsourcing
Visa wars & lawsuits galore!
Yep, Infy has done it again! August 9, 2012 By V. Ganesh Another Infosys employee has filed a lawsuit against Infosys, alleging that he too was harassed in retaliation for blowing the whistle on visa fraud. Mr. Satya Dev Tripuraneni, an Indian American who worked for five years at the Infosys Silicon Valley office in […]
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 […]
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% […]
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 […]
Mediation ordered for Infosys whistleblower case
July 6, 2012 By V. Ganesh According to a report in the US media, District Court Judge Myron H. Thompson has ordered a mediation conference between Infosys and their US employee, Mr. Jack Palmer. The mediation conference is intended to give both parties the opportunity to settle out of court. An Infosys spokesperson claimed this […]
Election year blame game
July 10, 2012 By V. Ganesh India loves Bush. Sad but true. Aside from his insanely draconian, socially backwards, anti-Muslim and pro-violence ideals, they also love W because he enabled US corporations to fire thousands of his constituents in order to circumvent US tax regulations and buy their donkeys on the cheap. (By the way, […]
Bangalore babus ban midnight munching
June 25, 2012 By V. Ganesh With the IT sector suffering a somewhat extended slowdown, Bangalore tech workers encounter another unnecessary pang: Dinner curfew! Sounds insane but it’s true. As if the pollution, neglected infrastructure and increasingly dangerous commutes weren’t enough to make life miserable, Bangaloreans are now prohibited from shopping, eating, drinking and availing […]
U.S. IMMIGRATION: High class hypocrisy
June 28, 2012 By V. Ganesh Why the Latinos? I keep asking myself this while reading about the various injustices committed against impoverished Mexicans and other Latin Americans who migrate to the U.S. in search of safety and normalcy. There are wealthy people of various nationalities who have figured out how to manipulate the immigration system through its numerous hidden loopholes. Then there are others, particularly affluent Indians, who are deliberately committing visa […]
Whistleblower’s lawsuit against Infosys gains momentum
June 7, 2012 By V. Ganesh Another former Infosys employee filed an affidavit on May 29, 2012 as a part of the deposition process in the lawsuit filed in February 2011 against Infosys by whistleblower, Jack “Jay” Palmer. Stephanie Teasdale was hired by Infosys in 2010 develop and manage an affirmative action and equal employment […]
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