May 20, 2021 02:15 PM IST
Infosys COO UB Pravin Rao told Moneycontrol the second wave of COVID-19 has been 'pretty stressful' compared to the first wave as the challenge was completely different this time around.
- Aug 23, 2017 08:55 AM IST
In an e-mail to staffers, Rao acknowledged that the road ahead will not always be easy, but asked them to stay focused.
- Aug 22, 2017 08:38 PM IST
In an email to his staff, UB Pravin Rao made it clear at the outset that Infosys will “continue to execute on the strategy we have laid out for ourselves.”
- Aug 18, 2017 04:24 PM IST
In every corporate spat, the biggest price is usually paid by the minority shareholders and Infosys is unlikely to be any different.
- Aug 18, 2017 12:36 PM IST
Whether this is a particularly unpleasant hiccup for the Infy stock or the beginning of the end will depend on how well the company’s board has understood the Sikka mantra and the kind of individual they get as a replacement.
- Aug 18, 2017 11:57 AM IST
The Board has, over the course of the past year, tried to resolve the concerns raised by the founders but has been unsuccessful, the Infosys board said in a letter.
- May 03, 2017 10:29 AM IST
While the Donald Trump administration has accused Indian IT companies of taking lion’s share of H-1B visa, a recent data shows that American companies use majority of these visa for foreign professionals.
- Apr 03, 2017 12:23 AM IST
Infosys co-founder Narayana Murthy has questioned the pay hike given to COO Pravin Rao.
- Apr 03, 2017 12:15 AM IST
After a month's lull, co-founder Narayana Murthy, who has taken on the management over what he says are poor corporate governance standards at Infosys, has fired a fresh salvo.
- Apr 02, 2017 07:05 PM IST
Infosys today said its shareholders have approved the proposal to adopt a new Articles of Association (AoA), bringing provisions for buyback of shares and appointment of independent directors. It added that they also approved a pay hike for COO Pravin Rao.
- Jul 15, 2016 10:09 AM IST
The country's second largest IT services exporter lowered its constant currency revenue growth guidance to 10.5-12 percent from 11.5-13.5 percent.
- Jun 09, 2016 09:34 AM IST
Rao said margins may stay pressured in the near term and don‘t expect significant relief on margin in near-term. He also reiterated that client spend on IT is not really increasing.
- Apr 15, 2016 08:46 AM IST
Infosys expects constant currency revenue growth in FY17 at 11.5-13.5 percent and dollar revenue growth at 11.8-13.8 percent over FY16, which is far better than industry guidance.
- Jan 14, 2016 01:30 PM IST
In an interview with CNBC-TV18‘s Kritika Saxena, CEO Vishal Sikka that a combination of factors drove the results: higher volumes, deal wins as well as innovation-led efficiency improvements.
- Jan 14, 2016 08:53 AM IST
The software services exporter has revised dollar revenue growth guidance upwards to 8.9-9.3 percent from 6.4-8.4 percent earlier and also raised revenue guidance to 12.8-13.2 percent in constant currency from 10-12 percent earlier.
- Jul 21, 2015 09:11 AM IST
Consolidated net profit fell 2.16 percent sequentially to Rs 3,030 crore and revenue rose 7 percent to Rs 14,354 crore in the quarter ended June.
- Apr 24, 2015 02:24 PM IST
Infosys missed street estimates on Friday with the profit falling 4.7 percent sequentially to Rs 3,097 crore in the quarter ended March 2015. Infosys expects FY16 revenue to grow 10-12 percent in constant currency terms while hopes for rupee revenue growth at 8.4-10.4 percent.
- Jan 09, 2015 03:53 PM IST
Infosys' attrition (on last 12 months basis) stood at 20.4 percent for the quarter ended December 2014, slightly higher than 20.1 percent registered in the July- September 2014 quarter.
- Oct 10, 2014 11:41 AM IST
Sikka is keen to transform Infosys into a next generation services company and is looking to renew all the services the company offers. He has a long-term target to grow at 15-18 percent. The company‘s long-term EBIT margin range is 25-38 percent.
- Oct 10, 2014 08:38 AM IST
Infosys has reported a 7 percent growth in second quarter (July-September) profit at Rs Rs 3,096 crore quarter-on-quarter and dollar revenue grew 3.2 percent to USD 2,201 million.
- Feb 14, 2014 06:35 PM IST
In a call with analysts, Infosys President UB Pravin Rao said he was expecting to witness quarterly volatility in discretionary spends of IT companies. Rao also said he expected challenges in spends from Infosys‘ clients in the telecom, pharma and utilities sector while banking and manufacturing should do well.
- Jan 03, 2014 09:04 PM IST
Zinnov's S Vishwanathan says the talks about the restructuring move had been doing rounds since July.