| Infosys Technologies Limited Related news |
Wipro, Infosys hunt for non-founder members to build 'next generation' boards
Posted on 7th July 2014 |
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BANGALORE: The hunt is on at two of India's biggest software companies — Infosys2.28 % and Wipro 0.89 % — for tech visionaries and corporate leaders who can join their boards and reinvigorate them after the exit of several old-timers and co-founders later this year. While the board of Bangalore-based Infosys will be made up of non-founders for the first time in history, cross-town rival Wipro too is looking to replace at least three of its directors who are set to retire in a few months. |
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Infosys Q1 results: Brokerages see 2-3% sequential growth in IT major's revenue
Posted on 7th July 2014 |
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Brokerage firms have projected a modest 2-3% sequential growth in Infosys’ Q1FY15 revenue, saying the company may have to absorb the impact of salary hikes, an appreciating rupee and fresh visa costs. Infosys will announce its first quarter earnings on July 11. At the Q4FY14 results call, Infosys CFO Rajiv Bansal had said, “The increase in salaries, promotions and investments in new visas will impact first quarter margins by approximately 250-300 basis points (bps).” Operating profit margin (OPM) at the end of fourth quarter stood at 25.5%. It will be interesting to note where Infosys stands with regard to OPM in Q1. |
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Indices open at lifetime high; Nifty nears 7,800 mark
Posted on 7th July 2014 |
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Markets have started the trading session on a firm note with the Indices hitting lifetime high. The first Budget session of the 16th Lok Sabha begins today. Indices continue to scale fresh highs on account of strong foreign inflows and budget optimism. |
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Infosys operating profit may lag estimates: StarMine
Posted on 4th July 2014 |
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Infosys Ltd's operating profit may lag consensus estimates when India's second-largest IT services exporter reports quarterly results on July 11, Thomson Reuters StarMine's SmartEstimates shows. |
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Sikka to mint Rs 30 cr a year at Infy
Posted on 3rd July 2014 |
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In line with expectations, Vishal Sikka, chief executive officer (CEO)-designate of city-based Infosys, is set to become the highest-paid executive in the Indian information technology (IT) services space. Sikka’s total annual remuneration would be up to $5.08 million (Rs 30 crore), in addition to stock options worth $2 million, the company said in a regulatory filing on Wednesday. |
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Accenture earnings set tone for rally in IT stocks
Posted on 28th June 2014 |
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Shares of information technology (IT) companies rose on Friday after US-listed Accenture reported good results for the quarter ended May. Investors lapped domestic IT stocks, as Accenture’s results signalled a robust demand environment and higher order flows for Indian IT firms, brokers said. On Friday, the BSE IT index rose 2.5 per cent, the gains led by Tech Mahindra, Tata Consultancy Services HCL Technologies, each rising three-four per cent. |
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Murthy improved Infosys' revenue growth: K V Kamath
Posted on 28th June 2014 |
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Commending the role of N R Narayana Murthy, banker K V Kamath on Friday said the Infosys co-founder had "got the cost equation right" to improve revenue growth. Kamath, also the non-executive chairman, said it was on "successor" Vishal Sikka to take that agenda forward. |
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Infosys co-founder Narayana Murthy, Amazon to help small businesses get online
Posted on 27th June 2014 |
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Amazon's Asia unit will provide back-end support in a venture with an Indian private investment firm formed by Infosys Ltd co-founder NR Narayana Murthy that aims to help get Indian companies online. Catamaran Ventures's partnership with Amazon Asia will target small and medium-sized firms, Arjun Ramegowda Narayanswamy, who heads the private investment company, said in an email to Reuters on Friday. |
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IT stocks rise on positive read-through from Accenture results
Posted on 27th June 2014 |
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Indian software companies gain as a better-than-expected rise in quarterly revenue by Accenture Plc sparks hopes of a robust demand environment, dealers say. Tata Consultancy Services Ltd up 2.7%, Infosys gains 1.4%, Wipro up 1.9%, HCL Technologies rises 3.3% and Tech Mahindra surges 2.3%. |
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Nifty hovers around 7,500; defensives gain
Posted on 27th June 2014 |
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Markets have come off morning highs as weakness in counters like ICICI Bank, Bharti Airtel and M&M weighed on the indices. At 1130 hrs, the Sensex was up 80 points at 25,143 and the Nifty was up 22 points to trade at 7,514. In the broader markets, the smallcap index surged 0.6% and the midcap index was up 0.4%, both outperforming the Sensex which was up 0.3%. |
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