Tag Archive | US
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 […]
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 […]
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 […]
KPMG: China is the next tech hub
June 30, 2012 By V. Ganesh The results of a KPMG survey indicate that China will most likely surpass India and the US to become the world’s innovation hub. The study, titled Global Technology Innovation Survey and carried out by KPMG US between March and May 2012, put the question to 668 business executives […]
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, […]
Nasscom dismisses politics as IT biz feels Uncle Sam’s wrath
June 29, 2012 By V. Ganesh According to Nasscom data, the Indian IT sector, which has grown to about $100 billion in revenues, has witnessed a slow down since Barack Obama became the U.S. president. For example, growth in FY08-09 was a mere 8.6% while in FY10-11 it was 15% and in FY11-12 it was […]
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