Infosys Ltd News

Attrition declined further to 17.3 percent. FY24 revenue guidance was revised to 1.0 per cent-3.5 percent and operating margin guidance retained at 20 per cent-22 percent.

Bansal's severance payout has been one of the issues that Infosys founders had raised to allege governance lapses at the Bengaluru-based firm.

Infosys Ltd has declined a request from its most high-profile founder N R Narayana Murthy to make public the report of an external consultant appointed to look into the charges of misgovernance.

Aside from the visa review, the Trump administration has launched an investigation of countries including India with which the United States runs a bilateral trade deficit.  

Employees' unions are not needed in information technology industry where work ethic is good and the staff are well-paid with techies even finding opportunities outside the company they work for, says a senior industry figure.

Indian shares ended higher on Thursday as investors picked beaten down counters, including technology stocks that lost ground on disappointing quarterly results from software services exporters Infosys Ltd and Tata Consultancy Services Ltd.

Singapore-based fund manager, some other influential people including a prominent investor in the company Baburaj Pillai, are making continuous efforts to calm down the trouble in the company.

The founders of Infosys Ltd , India`s second-biggest software services exporter, have informed the company`s board that they have certain corporate governance concerns.

Infosys Ltd, India's second- largest IT services firm, on Friday reported better-than-expected 16 percent rise in the fourth-quarter net profit and forecast strong revenue growth for the current fiscal on new client additions.

Global software major Infosys Ltd will offer its flagship Finacle product to service US banks` Verizon cloud platforms.

Infosys Ltd co-founder Kris Gopalakrishnan invested in Uniphore Software Systems, a Chennai-based speech recognition solutions firm, along with other investors, the company said on Thursday.

Infosys Ltd`s new CEO has come up with a novel approach to reviving the financial fortunes of India`s trailblazing outsourcing firm: use Facebook at work, tweet, but get the job done.

Infosys Ltd said it signed a global partnership with China`s largest telecom equipment maker Huawei Technologies Co. Ltd. to offer enterprise customers cloud, big data and communication solutions.

India`s second largest IT services provider Infosys Ltd said on Friday it would boost investment in cloud computing, smartphone apps and other new technologies to win more high-margin outsourcing contracts.

India's second largest IT firm Infosys today said it will contribute Rs 240 crore this fiscal to its philanthropic arm, Infosys Foundation, for funding corporate social responsibility (CSR) activities.

Shares of IT major Friday Infosys ended one percent higher after the company reported a healthy 21.6 percent growth in consolidated net profit for the first quarter.

Indian IT bellwether Infosys Ltd. will seek shareholders` consent Saturday to spin off its products, platforms and solutions (PPS) business to its subsidiary Edgeverve Systems Ltd for about USD 80 million (Rs.480 crore).

Infosys has lost at least 11 senior managers over the past year or so, as India`s second-largest IT services exporter looks for a new chief executive.