Salt River Project says it won't outsource 50 technology jobs Nov 4, 2009
She said that after consulting with Accenture Ltd. of Ireland and Infosys Technologies Ltd. of India, she believes the information-technology department at SRP can make significant cuts to its $120 million annual budget. The 40 to 50 jobs SRP was looking to outsource represent only a small fraction of that IT budget, Hoffnagle said. (AZCentral -- Business)
Term and Spot Contracts -- Finding a Balance Oct 29, 2009
EnergyPulse - Insight Analysis and Commentary on the Global Power Industry. Free Newsletter Sign up today for your free subscription to the EnergyPulse Weekly Update - delivered directly to your e-mail box. (Energy Pulse, CO)
Civic Ventures honors Openhouse co-founder Oct 27, 2009
It also has some powerful backers, including Infosys Technologies Ltd. co-founder Narayana Murthy, the event's keynote speaker, and the organization's U.S. head, Gururaj Deshpande, chairman of advanced battery-maker A123Systems. "We're using innovation, technology and modern management methods to feed 1 million children," said Deshpande. (San Francisco Chronicle -- Business)
Why Infosys shares may fall Oct 27, 2009
PHILADELPHIA: Shares of Infosys Technologies Ltd could be headed for a fall as the company approaches the expiration of some beneficial tax breaks and rising competition from its peers, according to a report by Barron's. Infosys was an early adoptor of certain tax benefits, making it face expiration of these perks earlier than its peers, Barron's reported in its electronic edition. (India Times, India)
Wipro Profit Rises 22%, Beating Estimates, on Software Orders; Stock Gains Oct 27, 2009
shares rose to the highest since February 2007 after the company joined Tata Consultancy Services Ltd. and Infosys Technologies Ltd. in beating estimates. U.S. technology demand will start to rise this quarter as companies realize they cut back too much during the recession, research firm Forrester Inc. said last week. (Bloomberg -- Asia)
India's stocks inoverreach mode Oct 21, 2009
Kunal Kumar Kundu is Principal Consultant, Financial Research Knowledge Service, Infosys Technologies Ltd. The views expressed are those of the author. (Copyright 2009 Asia Times Online (Holdings) Ltd. All rights reserved. (Asia Times Online)
TCS: Orders rise to pre-Lehman days Oct 20, 2009
BANGALORE: Tata Consultancy Services Ltd, Indias largest software exporter, said orders have rebounded to levels before the collapse of Lehman Brothers Holdings Inc and projected sales will keep rising for at least two years. The size of the order book is as good as in the pre- Lehman days, Chief Financial Officer, S Mahalingam said. (India Times, India)
Wipro to hire US workers Oct 15, 2009
Larger rival Infosys Technologies Ltd. reported second- quarter profit that beat analysts estimates last week after winning more business from current customers. Wipro designs and builds software programs, maintains computers, and provides product-engineering services and back- office support to General Electric Co, Cisco Systems Inc, Citigroup Inc and other customers. (India Times, India)
* World Business Quick Take Oct 10, 2009
Infosys Technologies Ltd. says quarterly profit fell 0. 9 percent from a year earlier, but raised its revenue forecast for the fiscal year ending next March. (Taipei Times, Taiwan -- World)
Infy hires over 6K people Oct 10, 2009
Infosys hires over 6,000 people in second quarter- Jobs-News By Industry-News-The Economic Times. Infosys hires over 6,000 people in second quarter9 Oct 2009, 1305 hrs IST, IANS. (India Times)
Infosys Profit Falls 0.9 Pct but Outlook Improves Oct 9, 2009
Infosys Technologies Ltd. reported a slight decrease in quarterly profit Friday but raised its revenue forecast a sign the worst may be over for India's software services industry after being hard hit by the global downturn. Infosys, India's second largest outsourcing firm, said net income fell 0. (ABC News -- Business)
Infosys hires over 6,000 people in second quarter Oct 9, 2009
BANGALORE: Infosys Technologies Ltd, including its subsidiaries, hired 6,069 people during the second quarter (July-Sep) of this fiscal (2009-10), increasing the total headcount to 105,453 employees, the IT bellwether said Friday. With the exit of 4,521 employees in the quarter under review (Q2), the net addition is 1,548 as against 5,927 in the same quarter year ago. (India Times)
Infosys cuts pricing to retain business Oct 9, 2009
Infosys reduces prices to retain business- Software & Services-News-Indiatimes - Infotech. Infosys reduces prices to retain business9 Oct, 2009, 1141 hrs IST,AGENCIES. (India Times, India)
TCS: We need more time Sep 26, 2009
NEW YORK: The new head of India's top outsourcing firm, Tata Consultancy Services Ltd, said that it would take another few months to tell whether business spending was recovering, as customers were still working on their IT budgets for 2010. "We'll have to wait for the next three months. All the customers are going through their cycles now," N Chandrasekaran, who takes over as chief executive when S Ramadorai retires on October 5, said in an interview. (India Times, India)
More time needed to gauge recovery: TCS Sep 25, 2009
More time needed to gauge spending recovery: TCS- Software-Infotech-The Economic Times. More time needed to gauge spending recovery: TCS25 Sep 2009, 1026 hrs IST, REUTERS. (India Times)
Titans of biz world: N Murthy, Amit Burman & Adi Godrej Sep 22, 2009
Narayana Murthy, non-executive chairman and chief mentor, Infosys Technologies Limited is a living legend and an epitome of the fact that honesty, transparency, and moral integrity are not at variance with business acumen. Talking about how Infosys came into being, Murthy expresses, Infosys was started in 1981 when I collected a group of six younger people who were working with me in Patni Computer Systems. (India Times)
Ahamed, HSBC's Green Become Finalists for $49,500 FT/Goldman Book Award Sep 17, 2009
The other finalists were Animal Spirits (Princeton), in which economists and explore how psychology drove us from boom to bust; Imagining India (Allen Lane/Penguin Press) by , the former co- chairman of Infosys Technologies Ltd.; and The Match King (Profile/PublicAffairs), biography of Ivar Kreuger, the enigmatic Swede who cornered the match market in the 1920s. The winner will be announced during a dinner at the in London on Oct. 29. (Bloomberg -- UK)
Is the environment getting better for IT professionals? Sep 16, 2009
Infosys says IT environment challenging- Software-Infotech-The Economic Times. Infosys says IT environment challenging15 Sep 2009, 1638 hrs IST, AGENCIES. (India Times)
Infy may buy consulting cos for $200 mn Sep 11, 2009
Infy may buy consulting cos for $200mn- Software & Services-News-Indiatimes - Infotech. Infy may buy consulting cos for $200mn11 Sep, 2009, 1043 hrs IST,Bloomberg. (India Times, India)
APS explores outsourcing computer-programming work Sep 5, 2009
SRP interviewed several outsourcing companies this year, and eventually asked for bids from Accenture Ltd. and Infosys Technologies Ltd. to take over about 50 SRP computer-programming jobs. Both Accenture and Infosys have a local presence but are based overseas - Accenture in Ireland and Infosys in India. (AZCentral -- Business)
Indian economydrier than forecast Sep 4, 2009
Kunal Kumar Kundu , a former senior economist with a leading bilateral chamber of commerce in India, now works with the Knowledge Service Division of Infosys Technologies Ltd. He has a Masters in Economics with specialization in econometrics from the University of Calcutta. The author here is expressing his personal views. (Asia Times Online)
* Hardcover: US: The Cambridge Confucian and the hungry general Aug 23, 2009
Taipei Times - archives. Enter your search terms. (Taipei Times, Taiwan -- Business)
Independent Research Firm Names Infosys Technologies as a Leader in SAP Implementation Aug 14, 2009
BANGALORE, India, Aug. 13 /PRNewswire-FirstCall/ -- Infosys Technologies Limited (Nasdaq: ) today announced that it was named a leader among SAP implementation providers in the August 2009 Forrester Research, Inc. report, "The Forrester Wave(TM): SAP Implementation Providers, Q3 2009." Infosys was among the select companies that Forrester invited to participate in its Q3 2009 Forrester Wave(TM) report ... About Infosys Technologies Limited ... SOURCE Infosys Technologies Limited. (PR Newswire)
Infosys bags Colombian bank deal Aug 7, 2009
BANGALORE: Bangalore-based software major Infosys Technologies Ltd and Bancolombia announced that Bancolombia, the largest universal bank in Colombia and among the top 500 banks globally, has selected Finacle Universal Banking Solution to power its operations in Colombia and its international subsidiaries. Bancolombia has a strong market share in the South American retail, corporate, credit cards, investment banking and housing loan sectors. (India Times, India)
Infosys BPO bags 5-year T-Mobile UK deal Aug 5, 2009
Infy BPO bags 5-year T-Mobile UK deal- Software & Services-News-Indiatimes - Infotech. Infy BPO bags 5-year T-Mobile UK deal4 Aug, 2009, 1443 hrs IST,AGENCIES. (India Times, India)
Infosys BPO wins deal from T-Mobile Aug 4, 2009
Infosys BPO unit wins 5-year deal from T-Mobile UK- ITeS-Infotech-The Economic Times. Infosys BPO unit wins 5-year deal from T-Mobile UK4 Aug 2009, 1223 hrs IST, REUTERS. (India Times)
Infosys plans to recruit from next year, says MD Jul 30, 2009
HYDERABAD: IT major, Infosys Technologies Limited plans to go on campus recruitment across the country next year. Chief Executive Officer and managing director, Infosys technologies Limited, S Gopalakrishnan (KRIS) told r 00004000 eporters on the sidelines of a CII meeting on Wednesday that companies which skipped campus recruitment following global economic downturn this year, are looking at training about 18,000 of their employees under the extended mode till January 2010. (India Times, India)
Infosys wins 10-year govt contract Jul 22, 2009
NEW DELHI: Infosys Technologies Ltd, India's No. 2 software services exporter, said on Tuesday that it has won a contract to design, develop and support a portal for the ministry of commerce and industry. The duration of the contract is 10 years, Infosys said in a statement. (India Times, India)
Tata Consultancy Says Customer Demand Bottomed, Climate May Get Brighter Jul 19, 2009
An unexpected stability in the volume of billed hours among financial clients also helped Tata Consultancy beat earnings expectations yesterday, joining nearest rival Infosys Technologies Ltd.. rose 23 percent to 15. (Bloomberg -- Asia)
How Nilekani's UID scheme will help poor Jul 15, 2009
MUMBAI: A small square of plastic, no bigger than a credit card, is all that stands between Pralhad Dandekar and his ability to bring home food for his wife and two daughters. It is a special identity card, issued by the state government, which all fishermen on the open seas are required to carry. (India Times, India)
India Should Combine Tough Climate Stand With Green Policy Jul 15, 2009
The upcoming climate summit in Copenhagen in December poses some challenging, but not insurmountable problems for the Indian government. Co-Chairman of Infosys Technologies Ltd, Nandan Nilekani explains that India needs to engage actively in the climate debate, not only because India is likely to be one of the countries most affected by climate change, but also because it will enable India to work towards building a green economy. (YaleGlobal Online Magazine, CT)
Infosys says sees FY10 prices dropping by 5 pc Jul 10, 2009
BANGALORE: Infosys Technologies Ltd expects prices in the fiscal year to March 2010 to drop by 5 percent as its overseas clients battle slowing economy, senior officials said on Friday. "Pricing environment continues to be challenging. There are ongoing negotiations with clients," Chief Operating Officer S.D. Shibulal said. (India Times)
Infosys Q1 Profit up, Beats Estimates Jul 10, 2009
BANGALORE (Reuters) - Infosys Technologies Ltd beat expectations with a 17 percent rise in quarterly profit and raised its full-year forecast at the lower end on hopes for a pick up in outsourcing demand from overseas clients. India's No. 2 software services exporter forecast consolidated revenue to fall 3. (ABC News -- Wire)
Company Calendars Jul 10, 2009
Earnings Calendar: Announcements & Stock Prices - USATODAY.com. Guaranty Finl Group Inc. (USA Today -- Money)
Infosys Technologies (NASDAQ: INFY) Announces Results for the Quarter Ended June 30, 2009 Jul 10, 2009
"We continue to focus on margins while making the right investments to accelerate growth." About Infosys Technologies Ltd. Infosys (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a Flat World ... INFOSYS TECHNOLOGIES LTD. - More on this organization. (Canada Newswire)
Satyam regaining clients: CEO Jul 6, 2009
BANGALORE: Satyam Computer Services Ltd, the company at the center of Indias biggest corporate fraud probe, is regaining customers after its takeover by Tech Mahindra Ltd, Chief Executive Officer Chander Prakash Gurnani said. The company is now focused on growth, Gurnani said. (India Times, India)
Wipro: Deal pipeline strong Jun 23, 2009
Wipro: Deal pipeline healthy - Software & Services-News-Indiatimes - Infotech. Wipro: Deal pipeline healthy 23 Jun, 2009, 1015 hrs IST,Bloomberg. (India Times, India)
Infosy's US share to shrink Jun 5, 2009
BANGALORE: Infosys Technologies Ltd, Indias second-largest software-services provider, plans to raise its share of sales from Europe and emerging markets by half as US clients cut spending and lawmakers seek tougher hiring rules. Europes proportion of company revenue will swell to 40 percent from 30 percent and the share from emerging markets will double to 20 percent, Chief Executive Officer S Gopalakrishnan said. (India Times, India)
Infosys sees recovery by mid-2010 May 29, 2009
NEW YORK: Indias biggest technology companies wont see a rebound in demand until mid-2010, said S Gopalakrishnan, chief executive officer of Infosys Technologies Ltd, the countrys second-largest provider of computer services. We hope then that companies will start to spend, Gopalakrishnan, 54, said in an interview in New York. (India Times, India)
Seligman Technology Sheds India for China, Echoing Rogers's Policy Concern May 22, 2009
Indian software companies such as Infosys Technologies Ltd. face a rocky road in the next six to 12 months, Parower said. The fund manager said hes buying Chinese Internet companies including Perfect World Co., an online game developer, and recently sold Baidu Inc., the operator of Chinas most-used Internet search engine, after a great run. (Bloomberg -- Asia)
Infosys expects demand pick-up in early 2010 May 19, 2009
BANGALORE: Infosys Technologies Ltd expects outsourcing demand to pick up in early 2010, but the current business environment was challenging as a slowing world economy crimped spending, its chief financial officer said. "At the macro level there is some confidence back, people are slightly more comfortable, but on the ground things are still the same," V. Balakrishnan said, referring to the global economic downturn that has battered information technology spending. (India Times)
Stocks bounce after Lowe's posts a profit surprise May 19, 2009
Infosys Technologies Ltd. rose $3. 55, or 11 percent, to $35. (FOX 11, AZ)
The prophet of progress May 7, 2009
The co-founder of Infosys Technologies Ltd., a leading Indian IT and offshoring firm, believes that globalization is here to stay, despite the biggest economic slump since the Second World War. In fact, the way to beat the crisis is to embrace globalization, not reject it. (Globe and Mail -- Business)
ACM and Infosys Foundation Cite Network Pioneer For Revolutionary Advances In Web Search Techniques Apr 28, 2009
About The Infosys Foundation Established in 1996, the Infosys Foundation is the philanthropic arm of Infosys Technologies Ltd. and has the sole objective of fulfilling the social responsibility of the company by creating opportunities and working toward a more equitable society. The Infosys Foundation has made effective strides in the areas of healthcare, education, social rehabilitation, and the arts. (Yahoo News -- Press Releases)
Bill Gates of India Offers 1.2 Billion Answers Apr 20, 2009
Nilekani, co-founder of Bangalore-based Infosys Technologies Ltd., is a celebrated entrepreneur. New York Times columnist says the Infosys co-chairman inspired Friedmans 2005 bestseller The World Is Flat. (Bloomberg -- Columnists)
Infosys sees first sales drop as outsourcing weakens Apr 15, 2009
BANGALORE Infosys Technologies Ltd. forecast its first decline in annual revenue as global demand for outsourcing slowed in a harsh economic climate, halting growth for India's once burgeoning IT services sector. The weaker-than-expected outlook sent shares in the country's second-largest software services exporter sliding as much as 7. (Globe and Mail -- Business)
Infosys declares 270 per cent final dividend Apr 15, 2009
BANGALORE: Infosys Technologies Ltd has declared a final dividend of Rs. 50 per share, which is 270 per cent on par value of Rs. (India Times)
Infy Q4 revenue falls QoQ 1st time in decade Apr 15, 2009
Infosys Q4 revenue falls QoQ 1st time in decade- Earnings-News By Company-News-The Economic Times. Infosys Q4 revenue falls QoQ 1st time in decade15 Apr 2009, 1130 hrs IST, Ranjit Shinde, ET Bureau. (India Times)
Consolidated financial results Apr 15, 2009
The Board has also taken on record the unaudited consolidated results of Infosys Technologies Limited and its subsidiaries for the quarter and year ended March 31, 2009, prepared as per International Financial Reporting Standards (IFRS). A summary of the financial statements is as follows. (India Times)
Tech Mahindra Wins Satyam Computer Bidding, Will Gain a Controlling Stake Apr 13, 2009
Tech Mahindra will gain control of a business serving Cisco Systems Inc. and Nestle SA., strengthening its ability to compete with larger rivals Tata Consultancy Services Ltd. and Infosys Technologies Ltd. The sale, once approved by Indias government, will help restore investor confidence and stem client defections after former Chairman Ramalinga Raju said he inflated assets by more than $1 billion. Tech Mahindra, partly owned by BT Group Plc, climbed 13 percent to 363. (Bloomberg -- Asia)
Reagan's Revolution Is Getting Chinese Makeover Mar 30, 2009
For all its challenges, India has produced names such as Infosys Technologies Ltd. and. Chinas focus is still on acquiring recognized names from overseas rather than creating an environment to empower entrepreneurs. (Bloomberg -- Columnists)
The Bottom Line Mar 29, 2009
Nandan Nilekani, co-founder and chairman of India's high-tech consulting and outsourcing colossus, Infosys Technologies Ltd., is in Silicon Valley promoting his new book, "Imagining India: The Ideas of a Nation Renewed." He'll be talking about what he sees happening with the emerging economic superpower Monday evening at a Commonwealth Club gathering at the Crowne Plaza in Palo Alto ( for details), and again at a Tuesday lunchtime meeting of the Indus Entrepreneurs at the organization's... (San Francisco Chronicle -- Business)
Imagining India: A Manifesto by the Bill Gates of Bangalore Mar 24, 2009
Bangalore has Nandan"), Nilekani possesses a bird's-eye view of India's strengths and weaknesses. Though inclined to see information technology as a panacea for India's social ills (he admits he fears being deemed "the computer boy"), Nilekani is quick to caution that safeguarding India's growth requires far more than economic prowess. () Highlight Reel: 1. On India's hesistance to adopt an entrepreneurial spirit: "When it comes to the full force of Indian regulation, India is still not a very... (Time.com)
TCS cries foul on Wipro's ESIC deal Feb 25, 2009
TCS, which reportedly offered to execute the project for Rs 1,677 crore, was the lowest bidder compared with a Rs 1,890 crore quote by Wipro and a Rs 2,100 crore bid made by Infosys Technologies Ltd.. However, ESIC decided to cancel that tender round because, as per a corporation official, who according to the publication did not want to be identified, the bids of Wipro and Infosys were found to be defective and the agency did not want to go with the lone bidder left, TCS, even though the Tata... (India Times, India)
Infosys institutes prizes to honour outstanding scientists Feb 20, 2009
Bangalore: Infosys Technologies Ltd. announced on Tuesday that it has instituted prizes to honour outstanding Indian scientists in mathematics, physical sciences (physics and chemistry), engineering sciences, life sciences (biology and medicine) and social sciences. The annual prizes, of Rs. (Hindu)
India's modernization plans could offer hope for chip sales Feb 18, 2009
Nandan Nilekani, co-founder and co-chairman of Infosys Technologies Ltd., said technology is needed to deliver better healthcare, renewable energy, a better educational system while eradicating widespread poverty in India. For example, smart cards could help deliver many new chip-based services to India's large population, Nilekani said. (EETimes)
A Towering Icon Of India Stumbles, Raising Alarms Feb 15, 2009
"At some point you may say, 'Enough is enough. I'm not going to bother with doing business in India,'" said Kris Gopalakrishnan, chief executive of Infosys Technologies Ltd., one of the largest outsourcing companies. . (CBS News -- World)
