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Infosys Technologies
Infosys builds huge Indian campus
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Infy_fan_alwaysTracked by: 0 Boarder
Indian IT outsourcing giant Infosys is building a massive campus in Hyderabad that will employ 25,000 people.
The campus at Pocharam in the central Indian city will be spread over 447 acres and be developed over 10 years in three phases.
Work is beginning on the first phase to build seating for 10,000 employees and Infosys said the campus would be energy and water efficient to support its bid to be carbon neutral.
Chairman of the board at Infosys, N R Narayana Murthy, said in a statement: "We are delighted to commence work on the new campus. The state government has worked at enhancing infrastructure facilities at Hyderabad to make it a premier IT destination globally."
The expansion follows sluggish growth in the Indian outsourcing market, with Infosys reporting revenue of US$1.16bn in its first quarter — up 24.5 per cent on the same period last year but falling short of the 40.6 per cent growth in the first quarter of 2007.
The new campus will bolster Infosys' existing 10,000-strong campus in Gachibowli, Hyderabad, which was built in 2001 and enjoys a wide range of facilities including a gym, swimming pool, health clinic, grocery store and health clinic.
It comes as analyst Evalueserve predicts that India's revenue from its IT industry is likely to grow sixfold to US$193.1bn over the next seven to eight years, making it the second largest IT services labour pool after the US.
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Infosys expects explosive banking growth
Posted by : Infy_fan_alwaysTracked by: 0 Boarder
INDIAN outsourcer Infosys is expecting strong revenue growth over the next year, and is geared up for an "explosion" of work in banking and business process outsourcing.
Local chief executive Gary Ebeyan expects business process outsourcing work to double in the next year, while core banking revenues could grow rapidly if the company succeeds in several bids.
"We have four BPO customers and we are probably in negotiation with another six or seven on top of that, and we expect that to increase," Mr Ebeyan said.
"The Finacle core banking platform will be explosive."
The National Australia Bank has shortlisted Infosys along with Oracle for its billion-dollar core systems overhaul, but Mr Ebeyan declined to comment on these discussions.
He also expects growth of between 20 and 30 per cent in its "bread and butter" enterprise application business, which includes application development and legacy application maintenance.
In the financial year ending March 31, 2008, Infosys recorded revenues of $159 million, up 24 per cent on the previous year.
This figure is only for work performed in Australia, and doesn't include revenue generated by offshore work on local projects.
Infosys's annual profit grew by 41 per cent to $28.9 million.
The company is well positioned to service the growing market for business process outsourcing, having appointed a local practice head last year.
Mr Ebeyan said Infosys started investing heavily in its core banking product two to three years ago.
"We hired a consulting team, which did a gap analysis of the market and where Finacle was, and we now have the roadmap to carry out those changes."
Infosys employed between 900 and 1200 staff, depending on the workload, and this would probably grow by 20-30 per cent, Mr Ebeyan said.
Rival outsourcer Satyam is building a 2000-seat facility in Geelong and has a goal of hiring 1400 people over the next four years, a large number of whom would be local graduates.
Mr Ebeyan said Infosys's strategy did not include hiring a large number of local graduates.
"We aim to recruit a smaller number of high-calibre graduates who we can fast-track to a higher value role, such as architecture or program management. That's what we focus on, rather than getting 100 graduates and using them as programmers."
The company sent about 10 students a year to its 1 million square metre training facility in Mysore, India.
"We have the largest training institute in the southern hemisphere in Mysore, where we can house and train 10,000 people at a time," Mr Ebeyan said.
"They can actually learn our processes and see the organisation at its root level, and it also gives them opportunities to work on global delivery for global clients."
...
Infosys expects banking growth
Posted by : Infy_fan_alwaysTracked by: 0 Boarder
INDIAN outsourcer Infosys is expecting strong revenue growth over the next year, and is geared up for an "explosion" of work in banking and business process outsourcing.
Local chief executive Gary Ebeyan expects business process outsourcing work to double in the next year, while core banking revenues could grow rapidly if the company succeeds in several bids.
"We have four BPO customers and we are probably in negotiation with another six or seven on top of that, and we expect that to increase," Mr Ebeyan said.
"The Finacle core banking platform will be explosive."
The National Australia Bank has shortlisted Infosys along with Oracle for its billion-dollar core systems overhaul, but Mr Ebeyan declined to comment on these discussions.
He also expects growth of between 20 and 30 per cent in its "bread and butter" enterprise application business, which includes application development and legacy application maintenance.
In the financial year ending March 31, 2008, Infosys recorded revenues of $159 million, up 24 per cent on the previous year.
This figure is only for work performed in Australia, and doesn't include revenue generated by offshore work on local projects.
Infosys's annual profit grew by 41 per cent to $28.9 million.
The company is well positioned to service the growing market for business process outsourcing, having appointed a local practice head last year.
Mr Ebeyan said Infosys started investing heavily in its core banking product two to three years ago.
"We hired a consulting team, which did a gap analysis of the market and where Finacle was, and we now have the roadmap to carry out those changes."
Infosys employed between 900 and 1200 staff, depending on the workload, and this would probably grow by 20-30 per cent, Mr Ebeyan said.
Rival outsourcer Satyam is building a 2000-seat facility in Geelong and has a goal of hiring 1400 people over the next four years, a large number of whom would be local graduates.
Mr Ebeyan said Infosys's strategy did not include hiring a large number of local graduates.
"We aim to recruit a smaller number of high-calibre graduates who we can fast-track to a higher value role, such as architecture or program management. That's what we focus on, rather than getting 100 graduates and using them as programmers."
The company sent about 10 students a year to its 1 million square metre training facility in Mysore, India.
"We have the largest training institute in the southern hemisphere in Mysore, where we can house and train 10,000 people at a time," Mr Ebeyan said.
"They can actually learn our processes and see the organisation at its root level, and it also gives them opportunities to work on global delivery for global clients."
...
Infosys BPO restructures procurement biz
Posted by : Infy_fan_alwaysTracked by: 0 Boarder
Infosys BPO has also launched a Sourcing and Procurement Academy that would train the employees on the latest global practices and requirements to service clients under the new offerings. It has also launched an ‘on demand’ procure-to-pay business platform which is made available to clients at a variable but predictable price based on their procurement spend. ...
In reply to:
Infosys BPO restructures procurement biz
Posted by : Infy_fan_always
Infosys BPO, the business process outsourcing subsidiary of Infosys Technologies has reorganised its procurement business to provide end-to-end solutions across the entire ‘source-to-pay’ cycle to broaden its service offerings and customer base.
The services under the new practice include e-procurement, supplier management, contract management, strategic sourcing and spend management.
Infosys BPO restructures procurement biz
Posted by : Infy_fan_alwaysTracked by: 0 Boarder
Infosys BPO, the business process outsourcing subsidiary of Infosys Technologies has reorganised its procurement business to provide end-to-end solutions across the entire ‘source-to-pay’ cycle to broaden its service offerings and customer base.
The services under the new practice include e-procurement, supplier management, contract management, strategic sourcing and spend management.
...
iNFOSYS
Posted by : zoombusinessTracked by: 0 Boarder
The chief executive of Infosys Technologies, India\'s second-largest software services exporter, said the business environment remained challenging but there was no move by clients for lower prices.
Nasdaq-listed Infosys is finding new business opportunities despite an uncertain global economic environment, S. Gopalakrishnan said on Wednesday.
\"We see opportunities with existing clients, we see opportunities with new clients,\" he said.
\"We need to accelerate growth with new clients,\" he said.
Last month, Infosys, which develops applications, designs supply chains and offers back-office services, reported a 21 per cent rise in quarterly profit but warned of challenging times ahead as its major Western clients battle weakening economies.
Indian outsourcing firms such as Infosys and its bigger rival Tata Consultancy Services are expanding to Europe, Asia, the Middle East and Latin America to cut their dependence on the United States. -TFE
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Infosys expected to touch 1860 by mid next week
Posted by : Infy_fan_alwaysTracked by: 0 Boarder
The Dollar is getting very strong and continuing its journey in the northern direction. In today's early trade the greenback was trading at a high of 43.86 INR/USD, and it is expected to be around 44.5-45 INR/ USD for the full year.
This is in reminiscence of the Great days of 'Indian IT'. The game is on the cards now and it is the best time to be in Indian IT considering all aspects, and safer to be in IT bellwether Infosys....
In reply to:
Infosys expected to touch 1860 by mid next week
Posted by : Infy_fan_always
The Dollar is getting very strong and continuing its journey in the northern direction. In today\\`s early trade the greenback was trading at a high of 43.86 INR/USD, and it is expected to be around 44.5-45 INR/ USD for the full year.
This is in reminiscence of the Great days of \\\\
Infosys expected to touch 1860 by mid next week
Posted by : Infy_fan_alwaysTracked by: 0 Boarder
The Dollar is getting very strong and continuing its journey in the northern direction. In today\\`s early trade the greenback was trading at a high of 43.86 INR/USD, and it is expected to be around 44.5-45 INR/ USD for the full year.
This is in reminiscence of the Great days of \\\\...
In reply to:
Infosys expected to touch 1860 by mid next week
Posted by : Infy_fan_always
The Dollar is getting very strong and continuing its journey in the northern direction. In today\\`s early trade the greenback was trading at a high of 43.86 INR/USD, and it is expected to be around 44.5-45 INR/ USD for the full year.
This is in reminiscence of the Great days of \\\\
Infosys expected to touch 1860 by mid next week
Posted by : Infy_fan_alwaysTracked by: 0 Boarder
The Dollar is getting very strong and continuing its journey in the northern direction. In today\\`s early trade the greenback was trading at a high of 43.86 INR/USD, and it is expected to be around 44.5-45 INR/ USD for the full year.
This is in reminiscence of the Great days of \\\\...
Will Infosys dole out cash to investors?
Posted by : Infy_fan_alwaysTracked by: 0 Boarder
Infosys expected to touch 1860 by mid next week.
Cheers! ...
In reply to:
Will Infosys dole out cash to investors?
Posted by :
stockhot
big resis: at 1719 for more tips visit wvw.sharekhoj.kom
Will Infosys dole out cash to investors?
Posted by : stockhotTracked by: 0 Boarder
big resis: at 1719 for more tips visit wvw.sharekhoj.kom...
In reply to:
Will Infosys dole out cash to investors?
Posted by : Infy_fan_always
Infosys expected to touch 1860 by mid next week.
Cheers!
Will Infosys dole out cash to investors?
Posted by : Infy_fan_alwaysTracked by: 0 Boarder
Infosys expected to touch 1860 by mid next week.
Cheers!...
In reply to:
Will Infosys dole out cash to investors?
Posted by : Infy_fan_always
You can call it a treasury company after all, as Infosys stack up piles of dollars the dilemma for the management is where to invest this money.
According to V Balakrishnan, CFO, Infosys Technologies, the company is looking out for acquisitions, and if it don't get attractive returns it will give back the cash to share holders.
So good news for the shareholders as they could look forward to some of that cash in form of fatter dividends or even buy backs, as valuations of IT firms are at mouthwatering levels in the current market.
Infosys to touch 2100 before Q2 results.
Posted by : Infy_fan_alwaysTracked by: 0 Boarder
The greenback is still very strong and continuing its journey in the northern direction.In today\\`s early trade dollar was trading at a high of 43.86 INR/USD, and it is expected to be around 44.5-45 INR/ USD for the full year.This is in reminiscence of the Great days of \\\\...
NSE Announcements on Infosys
Posted by : MMB MessengerTracked by: 0 Boarder
Infosys Technologies Ltd. has informed the Exchange regarding a press release dated August 19, 2008, titled "Infosys Technologies files quarterly report on Form 6-K with U.S. Securities Exchange Commission". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
BSE Announcements on Infosys
Posted by : MMB MessengerTracked by: 0 Boarder
Infosys Technologies Ltd has informed BSE regarding a Press Release dated August 19, 2008 titled "Infosys Technologies files quarterly report on Form 6-K with U.S. Securities Exchange Commission"...
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