IT major Infosys sounded cautious and said that the company will give a clearer picture of its revenue growth guidance post the September quarter. The management also said that its performance in second quarter will be better than the first quarter.
Infosys on Monday said it has laid off "a few" people on grounds of non-performance and disciplinary issues but denied reports of 500 jobs being cut by the country's second largest software services company.
During the analyst call post Cognizant’s second quarter (April-June) results, CFO Karen McLoughlin accepted that the company’s organic revenue has been averaging at $1.5 billion and going ahead merger and acquisitions will be key as they drive
Royal Bank of Scotland’s (RBS’) last week’s decision of not pursuing its plan to separate and list a new bank – Williams & Glyn (W&G) – hit Infosys in trade on Tuesday with the stock plummeting 3% in intra-day deals
Vishal SikkaInfosys chief executive officer (CEO) and managing director Vishal Sikka’s plans to stabilise business and focus on higher growth at the Bengaluru-based company faced a Brexit impact after the Royal Bank of Scotland (RBS) shelved
Vishal Sikka’s plans to stabilise business and focus on higher growth at Infosys faced a setback early this month after a key client Royal Bank of Scotland scrapped a project to set up a separate bank in the United Kingdom, for which Infosys was a
Infosys invested $4 million to pick a minority stake in Israel's cloud management and optimisation startup Cloudy, helping it access technology and skills to get it to customers transitioning from legacy infrastructure to the cloud.
awaiting nod to get Special Economic Zone (SEZ) status for its maiden venture at Rajarhat in West Bengal, is seeking an audience with new state IT minister Bratya Basu in 15-20 days, an official of the company said.
Shares of information technology (IT) companies were under pressure with the Nifty IT index dropping 4% after Infosys lowered its FY17 constant currency (CC) revenue growth guidance to 10.5%-12% from 11.5%-13.5% earlier.
Infosys chief Vishal Sikka today remained confident of the IT major's ability to fulfil its "aspiration" of touching $20 billion revenue by 2020, saying that performance in one quarter will not hold it back from reaching the milestone.
After showing impressive numbers for past few quarters, Infosys, India’s second largest IT services company seems to have lost the pace of growth in the quarter ended June 30, 2016. In the quarter ended June 2016, the Bengaluru-headquartered