Are there twin power centres ( @Infosys_nmurthy and @vsikka) in @Infosys ?

#Infosys lowers revenue guidance to 8-9%, adds one $100 million plus client in Q2 FY17

#Infosys lowers revenue guidance to 8-9% adds one $100 plus client in Q2 FY17 pic.twitter.com/ymydDdhBBV

— Press Release Watch (@PrReleaseWatch) October 14, 2016

“We focused on strong execution in Q2 with our core IT services business showing good progress on the strength of our innovation and operational initiatives. While we continue to navigate an uncertain external environment, we remain focused on executing our strategy and increasing momentum of our software plus services model. Considering our performance in the first half of the year and the near-term uncertain business outlook, we are revising our revenue guidance.” said Dr. Vishal Sikka

New environment conservation App 'Comfy' at #Infy #Mysuru campus

The application works over the building management system and provides instant streams of cool air or warms the space. It also learns from the occupant feedback. Employees act as sensors allowing the app 'Comfy' to save energy by eliminating over-conditioning and turning off air conditioning in unoccupied spaces.

New environment conservation App 'Comfy' at #Infy #Mysuru campus pic.twitter.com/7d6EjbefZk

— Press Release Watch (@PrReleaseWatch) June 28, 2016

As part of its sustainability initiatives, Infosys successfully implemented several measures over the last year in its Mysuru campus. Smart water meters were installed in Mysuru campus, along with other campuses, and were linked to the central command center for continuous monitoring of water and thereby optimizing the water consumption through a data-driven approach. Currently, there are 273 smart water meters installed in its Mysuru campus, making a total of 472 smart meters across its campuses in the country.

#IBM powered innovation lab by #Infosys for Cloud based apps

Powered by Bluemix, the Infosys Innovation Lab will function as a place to innovate and co-create apps with a broad range of global clients. Staffed with a dedicated team of designers, extreme agile specialists, and industry and technology architects, the Lab is designed to rapidly deliver app prototypes.

#IBM powered innovation lab by #Infosys for Cloud based apps pic.twitter.com/PcFVjqv6wn

— Press Release Watch (@PrReleaseWatch) October 17, 2015

IBM launched Bluemix with a US$ 1 billion investment in 2014, that matured quickly  providing a developer-friendly catalog of over 120 tools and software-services, combining the most prominent open-source, IBM and third-party technologies.'Infosys will also incorporate Bluemix-related curriculum into its on-boarding and training process.' said Srikantan Moorthy, Head of Application Development and Maintenance, Infosys.

#Infosys Q2 net profit at Rs.3,398 cr. #CFO #RajivBansal quits

Chief Financial Officer (CFO) of Infosys  Rajiv Bansal has decided to step down. He will be replaced by M.D. Ranganath at the close of business October 12, 2015. Bansal was working with Infosys as the CFO since October 2012.

#Infosys Q2 net profit at Rs.3,398 cr. #CFO #RajivBansal quits pic.twitter.com/9M3fuuAPdo

— Press Release Watch (@PrReleaseWatch) October 12, 2015

The company has  lowered its full-year revenue growth guidance in dollar terms to 6.4-8.4% from 7.2-9.2%.

 Watch Infosys Q2 FY16 results and its management commentary

#Infosys to Offer Finacle Solutions on Verizon Cloud for U.S. Banks

The fully integrated Finacle Core and Digital banking solutions, currently serving over 547 million consumers worldwide, are now available in a Software-as-a-Service (SaaS) model for community financial institutions in the U.S.

"With Finacle solutions now available on Verizon Cloud, financial institutions of all sizes, across the U.S., will be able to provide the latest banking services to their customers without any major investment. The pay-as-you-go model provides reassurance to financial institutions that they will always have the latest technology to keep pace with a dynamic market and evolving customer preferences,”said Michael Reh, Senior Vice President and Global Head of Finacle, Infosys 

#Infosys BPO CFO sacked, CEO resigns for over-billing in #Apple account

Gautam Thakkar, the current Chief Executive Officer of Infosys has submitted his resignation to the company effective November 30, 2014, taking responsibility on moral grounds.

#Infosys named Anup Uppadhayay as CEO and MD for BPO business pic.twitter.com/pwXcGeF5XR
— Press Release Watch (@PrReleaseWatch) November 19, 2014

The Board of Infosys BPO Limited also announced the separation of Abraham Mathews, its Chief Financial Officer from the services of the company for not complying with its code of conduct.
'This departure is in keeping with the company’s goal of setting the highest standards of corporate governance and adhering to the letter and spirit of the company’s code of conduct',says press statement from Infosys.

Sources close to the company said the issue involved over billing in Apple account. Apple contributes nearly $200 million in revenues annually.

Infosys has named Anup Uppadhayay as CEO and MD of the BPO business and Deepak Bhalla as CFO.Commenting on the new appointments, Dr. Vishal Sikka, Chief Executive Officer and Managing Director of Infosys Limited said, “BPO is of fundamental and strategic importance to our company. Our endeavor is to transform BPO with process innovation, automation and artificial intelligence to deliver exceptional efficiency and business value to our clients. I am very confident that under the leadership of Anup and Deepak, our BPO practice will become an exemplar on how business processes should be run.”

Perspective on the #Infosys results by #Kotak Securities

“Infosys results were higher than our estimates, both on the revenues and margins front. The guidance has been maintained, which is along expected lines. The company has improved efficiencies while adding a relatively higher number of employees, which is encouraging.

The new CEO has outlined his strategic vision for the company, which, we believe, should allow Infosys to achieve higher growth rates and sustain margins over the longer term.We remain optimistic on the future prospects of Infosys.”
By Dipen Shah, Head- Private Client Group Research, Kotak Securities:

Japan’s Muji benefits from new cloud-based platform from #Infosys

Infosys InteractEdge is enabling Muji, a leading retailer in Japan to deliver a superior shopping experience through real-time insights into the buying behavior of its customers. With nearly 600 retail stores and a strong online presence, Muji deployed InteractEdge from Infosys to generate higher sales through personalized product recommendations for over two million registered customers.  Better understanding of customer preferences will also help the retailer cross-sell and up-sell products and build new revenue streams.New cloud-based platform from Infosys to strengthen customer loyalty and boost revenues.

Training Program for Teachers from Rural Karnataka by #Infosys Science Foundation

Infosys Science Foundation (ISF) will organize ‘Gnanadeepa’, a workshop for middle school mathematics and science teachers from rural Karnataka, at the Infosys campus in Mysore from August 2 to August 12, 2014. This program is aimed at providing teachers a four-point framework that can be used to effectively convey any concept in mathematics and science to students. The program is expected to have participation from 680 teachers from government schools in rural Karnataka.

N. R. Narayana Murthy, President of the Board of Trustees said, “The future of India depends upon the quality of education imparted to her children. There are an estimated 43,447 government primary schools and 3,029 government high schools in the state of Karnataka. The teachers at these schools play an important role in influencing and molding the minds of their young students. Enabling these teachers will have a multiplier effect in reaching hundreds of thousands of students. The Gnanadeepa program is an initiative to inspire and enable teachers to engage with their students, instil curiosity and improve the grasp of fundamental concepts in mathematics and science. A sound understanding and innovative application of these concepts will provide the building blocks of development in our society.”

#Infosys rated Star Performer in life sciences IT Outsourcing by Everest Group

Infosys leading provider of consulting, technology and outsourcing solutions, has been rated as a Leader and Star Performer in life sciences IT Outsourcing(ITO) in Everest Group’s report“IT Outsourcing in Life Sciences Industry – Service Provider Landscape with PEAK Matrix™ Assessment 2014.”

The 2014 Everest Group PEAK Matrix™ for Life Sciences IT Outsourcing report evaluated 18 IT services providers, selected on the basis of their success in large life sciences ITO relationships. Service providers were grouped into three high-level categories based on their capability, service offerings and market success. The report assessed the 18 companies based on the quality of their disclosures and interviews, Everest Group Transaction Intelligence database and feedback from life sciences ITO buyers.

'The life sciences industry is operating in a very dynamic landscape today with heightened regulatory scrutiny, patent cliffs, and growing incidence of mergers and acquisitions,'said Manish Tandon, Executive Vice President and Global Head – Life Sciences & Services, Infosys.

#InfosysQ1FY15: Views on #Infosys results

“Infosys results were above expectations. The surprise came largely from the margins. We are positive on the long term prospects of the company and have a positive view on the stock with a medium term perspective.  “

Dipen Shah, Head- Private Client Group Research, Kotak Securities

#InfosysQ1FY15 : #Infosys results for the First Quarter ended June 30

Highlights:-

• Infosys consolidated net profit for first quarter up 21.6 per cent year-on-year to Rs 2,886 crore.
• Consolidated income from operations at Rs 12,770 crore vs expectations of Rs 12,817 crore .
• Infosys gives rupee revenue guidance of 5.6-7.6 per cent for FY'15.
• Infosys consolidated revenue up 13.3 per cent to Rs 12,770 crore in Apr-Jun quarter.
• INR: Q1 revenues at Rs. 12,770 cr, QoQ decline of 0.8% and YoY growth of 13.3%
• India seg down 6.9%, Europe seg down 1.1%, N.America seg up 3.7% (QoQ). EBIT margin @ 25.1%, Attrition @ 19.5% vs. 18.7%.
• Sensex opens 0.04% lower at 25,362; #Infosys rises 3% after Q1 profit beats expectations
• Infosys consolidated net profit for Q1 at Rs 2,886 crore, up 21.6% YOY 
• Infosys shares rise nearly 10% in pre-open trade as Q1 earnings beat estimates.
• Net profit at Rs. 2,886 cr; QoQ decline of 3.5% and YoY growth of 21.6%
• Volume growth was 2.9%; blended pricing declined by 0.4%  
• 161,284 employees as of June 30, 2014; LTM attrition at 19.5% 
• 61 new clients added; client count - 910.
• Utilization including trainees at 74.8%; utilization excluding trainees at 80.1% 
• North America grew 3.7%; Manufacturing grew 2.5%; RCL grew 2.0% (all in constant currency)  
• Revenues expected to grow 7% - 9% in USD terms in FY15

Infosys latest financial numbers show it's turnaround a work in progress. Revenue growth forecast at 7-9% lower than Nasscom #infosys
— pankaj mishra (@pankajontech) July 11, 2014

#Infosys CEO SD Shibulal owns property worth over $100 million in USA

Infosys CEO SD Shibulal owns more than 700 apartments in Seattle, USA. These apartments are owned and managed by Shibulal's family office, Innovations Investment Management Private Limited, these apartments are spread across Seattle and Bellevue in the Northwest Pacific coast of the United States. These apartments could be well be worth over $100 million (Rs 600 crore), according to a news report published in The Economic Times News paper. Shibulal, along with wife Kumari, daughter Shruti and son Shreyas, holds nearly 2.2% of Infosys, which has a market capitalisation of around $30 billion.

CCD head Murali Krishna exits #Infosys

Murali Krishna, Group Head of the Computers and Communications Division (CCD) of Infosys, has resigned. This is the first top-level exit in Infosys after Vishal Sikka was named as its CEO recently. Murali Krishna was responsible for piloting various initiatives like green IT, cloud computing, virtualization, and the adoption of latest communication and collaboration technology at Infosys. He joined Infosys in December 1984 and has held multiple roles in project management, client relationship management, and delivery management for the US Midwest. Prior to taking on this role in 2007, Murali Krishna was Head of the Systems Integration Practice, responsible for developing and delivering end-to-end broad-based technology solutions in collaboration with alliance partners worldwide.

FONDEP of Morocco Selects Infosys Finacle

FONDEP, one of Morocco’s leading microfinance institutions, has chosen Infosys Finacle for its strategic core banking transformation program. The Finacle solution will help FONDEP adapt to changing customer needs by enabling them to offer relevant products to their customer base.

Highlights:

The comprehensive capabilities of the Finacle solution will enable FONDEP to accelerate its strategy of expanding beyond micro-credit activities
The new platform will also enable FONDEP to distribute its existing range of micro-insurance products to its clients in urban and rural areas
The program will be deployed in French, underlining Finacle’s readiness for the French speaking North African banking sector
The deployment will be supported by specialist teams located across the Infosys global network, including those based at the company’s development center in French speaking Mauritius

Mouatassim Belghazi, Chairman, FONDEP:
"FONDEP’s mission is to contribute to financial inclusion and the fight against poverty in Morocco. As part of this mission, the efficiency of operations and cost reduction for customers requires the implementation of an effective information system. We are confident that Finacle is the core banking solution that will enable us to achieve our objectives.”

Amit Dua, Regional Head, Advanced Markets and Global Accounts, Finacle, Infosys:
"Banks need a platform that will enable them to offer a wider range of services needed to support economic growth that the African market promises. The Finacle deployment at FONDEP gives us the opportunity to demonstrate our ability to partner with banks in the French speaking market of this region. It will act as a springboard to extend our presence in this region.”



About FONDEP

FONDEP is a Moroccan microfinance institution founded in 1996, with a current portfolio of 130,000 clients and loans outstanding of MAD 850 Million representing 20% of the total microcredit market in Morocco. FONDEP currently employs 1,150 employees through a network of 178 branches nationwide. Visit www.fondep.com.

#Infosys appoints Vishal Sikka as CEO & MD

Infosys Board of Directors has appointed Dr. Vishal Sikka as the Chief Executive Officer and Managing Director (CEO & MD) of the company. Dr. Sikka will be inducted as a whole-time director of the Board and CEO & MD (Designate) on June 14, 2014. He will take over as CEO & MD from Mr. S. D. Shibulal on August 1, 2014.

Bangalore : CEO and MD designate of Infosys, Vishal Sikka with N R Narayana Murthy pic.twitter.com/w22n1aZVc9
— ANI (@ANI_news) June 12, 2014

The Board has also elevated Mr. U.B. Pravin Rao, President and whole-time director, as Chief Operating Officer, with effect from June 14, 2014.

Happy to welcome Vishal @vsikka to Infosys. I am confident that Infosys is in capable hands.
— Narayana Murthy (@Infosys_nmurthy) June 12, 2014

Dr. Vishal Sikka was, until recently, a member of the Executive Board of SAP AG, leading all products and driving innovation globally. He has worked closely with leaders of global companies in building breakthrough business solutions. At SAP, he was responsible for all products, from traditional and cloud-based applications to technology and platform products including HANA, analytics, mobile and middleware. In addition, Dr. Sikka led multiple initiatives to accelerate innovation and research at SAP. He holds a Ph.D. in computer science from Stanford University, USA.

Humbled to lead @Infosys an iconic pioneer in IT. Looking fwd to learn & work w/ infoscions & global clients on breakthrough innovation.
— Vishal Sikka (@vsikka) June 12, 2014

Commenting on his appointment, Dr. Sikka said, “I am honored to lead Infosys, an iconic company built by pioneers in the technology industry. I look forward to working with and learning from talented Infoscions around the world. Computing technology is reshaping every industry across every walk of life. We, at Infosys, have a unique opportunity to deliver breakthrough solutions that will bring greater value to our clients, employees, investors and other stakeholders. I am grateful to the Infosys Nominations and Governance Committee, Mr. Kamath, Mr. Murthy and the Board for this opportunity.”

The Board also announced the following changes:

Mr. N.R. Narayana Murthy and Mr. S. Gopalakrishnan will voluntarily step down as Executive Chairman and Executive Vice Chairman, respectively, on June 14, 2014. In order to facilitate a smooth transition of responsibilities, they will continue on the Board till October 10, 2014 as the Non-executive Chairman and Non-executive Vice Chairman, respectively
Mr. K. V. Kamath will become the Non-executive Chairman of the Board on October 11, 2014
Mr. Murthy will be designated as Chairman Emeritus with effect from October 11, 2014 in recognition of his contributions to the company
Mr. S. D. Shibulal will step down as CEO & MD and from the Board on July 31, 2014
Mr. Srinath Batni, whole-time Director of the company, will step down from the Board on July 31, 2014
In addition, the company has elevated twelve leaders to the position of Executive Vice President with additional responsibilities
The Executive Chairman’s office will be dissolved with effect from June 14, 2014. Dr. Rohan Murty, whose appointment was co-terminus with the Executive Chairman, will leave the company on June 14, 2014. The remaining members of the Chairman’s office will take up other responsibilities in the company.

“I am pleased with the selection of Dr. Vishal Sikka as our new CEO.” said Executive Chairman, Mr. N. R. Narayana Murthy. “Vishal brings valuable experience as a leader of a large, global corporation. His illustrious track record and value system make him an ideal choice to lead Infosys. On behalf of all of us at Infosys, I would like to thank Mr. Gopalakrishnan, Mr. Shibulal and Mr. Batni for their contributions.”

Mr. Murthy added , “I would like to thank our clients, the members of the Board, all my colleagues at Infosys, ex-Infoscions, our investors, the media, and well-wishers of the company for their support and encouragement. I also want to thank the members of my office, the Chief Financial Officer and the head of Human Resources for their fabulous support through my second innings at Infosys.”

Mr. K. V. Kamath, Lead Independent Director and Chairman of the Nominations & Governance Committee said, “The Committee adopted a rigorous selection process with the assistance of reputed global executive search and evaluation firms. Vishal brings a unique combination of technology prowess and business acumen. The Board is committed to support him to strengthen the company’s leadership in the global technology industry.”

Mr. S. Gopalakrishnan commented, “I am glad that the Board has chosen a thought leader who has demonstrated how technology can be leveraged to help businesses become more competitive. I wish him all the best.”

Mr. S. D. Shibulal remarked, “I would like to thank the Board, employees and investors for the support they have extended to me through the years. I believe that Vishal brings the vision and capability we need to take Infosys to greater heights.”

Mr. Srinath Batni said, “I have spent some of the most enriching years of my life at Infosys and will always cherish the experience. With Vishal, Infosys is well placed to chart its way forward boldly.”

#Infosys organizes “Summer Camp” for the children of its employees’

Infosys organized “summer camps” across multiple development centers in India to keep its employees’ children occupied and involved in a safe and comfortable environment.
 “The summer camp at Infosys is aimed at helping parents engage their children during holidays. We have very interesting activities under the summer camp that would help in the child’s overall development. ” said Suryaprakash K, Bangalore Development Centre Head, Infosys.
Through this initiative, Infosys tried to instill creativity amongst children’s young mind. The various activities helped young boys and girls to innovate, develop social skills, grow more independently and show leadership qualities.

#Infosys global head for strategic sales, marketing joins #Dell Services

Dell Services today announced the appointment of Prasad Thrikutam as president and global head, Application Services. Thrikutam, a 22-year industry veteran who joins Dell from Infosys, will lead a global team of nearly 10,000 employees responsible for driving Dell's Application Services business across all vertical industry segments. He will report to Suresh Vaswani, president of Dell Services, and will be based at Dell Services' headquarters in Plano.

Mr. Thrikutam previously spent 18 successful years in multiple executive leadership roles at Infosys. He was formerly head of Infosys Americas and the global head for the $1.4 billion Energy, Utilities, Telecom and Services business unit. He was a senior member of the Infosys Executive Council and served on the boards of Infosys BPO, Infosys China and Infosys Public Services, and served as the global head for Strategic Sales, Marketing and Alliances.

"This is an important time for Dell as well as for the IT services industry. Our Application Services business that Prasad will lead presents a great opportunity for Dell as we help our customers modernize and take advantage of digital transformation opportunities," said Michael Dell, chairman and CEO of Dell. "Prasad is a proven leader who joins a strong Services executive team. His addition to Dell's leadership is another example of the investments we're making in growing the Services business."

"Dell's strategy of providing end-to-end solutions that combines its technology strengths, entrepreneurial spirit, deep industry expertise and client centricity is a powerful mix. I am excited about being part of this journey and working with Dell's talented team to help drive its strategy," said Mr. Thrikutam.
 "I am thrilled to have Prasad join my leadership team. Over the last few years, we have built an application services powerhouse," said Mr. Vaswani. "We continue to invest in innovative capabilities that resonate with the top priorities of our customers -- developing next generation applications to leverage digital technologies, legacy modernization and SaaS-based services. Prasad's impressive strategic expertise and his proven experience in driving industry-leading growth and margins across multiple verticals globally will help Dell continue to grow and help our customers as they transform their business."

Mr. Thrikutam takes on this role from Ashutosh Vaidya, who moves into a full-time position as head of Global Delivery for Dell Services. Mr. Thrikutam will join Dell July 28.

New clinical trial supply management solution (CTSM) by #Infosys

Infosys has launched a cloud-based version of its Clinical Trial Supply Management (CTSM) solution. The new solution helps life sciences companies enhance efficiency of clinical trial processes by driving greater collaboration between pharmaceutical companies and contract research organizations (CROs).

The new cloud-based module of the CTSM solution is an enhancement to the existing on-premise version that offers tools to manage all aspects of complex clinical trials, including demand and supply planning and distribution across clinical sites.

Clinical research organization’s need a highly effective #CTSM solution http://t.co/oUKh08k55D #SAPPHIRENOW
— Infosys (@Infosys) June 3, 2014

Clinical trials are growing in scale and complexity, driving a need for business processes and systems that integrate the end-to-end activities, decisions and information across business functions.

Infosys CTSM solution is scalable, companies receive just-In-time & on-demand solutions for very small trials. CROs can come on board without huge investment and start operating seamlessly with the manufacturers and other entities. It's truly a revolutionary application, bringing Pharma, MROs, CROs, distributors and regulators onto one single platform.