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☆ Cognizant ropes in JLL for sale of its world's largest facility: sources
▼ + stars: | 2023-11-30 | by ( Sai Ishwarbharath B | ) www.reuters.com time to read: +2 min

JLL and SIPCOT did not respond to Reuters' requests for comment. The campuses sit on land spanning over 49 acres having 16,500 seats, according to the company's presentations done for green energy certifications. It is an attempt "by Cognizant and other IT firms to decentralize their talent models to lower-cost locations," said Peter Bendor-Samuel, CEO at research firm Everest Group. The focus on smaller cities also comes at a time when many IT employees are reluctant to move back to big cities after shifting to their hometowns during the worst of the pandemic. Reporting by Sai Ishwarbharath B; Editing by Dhanya Skariachan and Shweta AgarwalOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Cognizant, SIPCOT, Peter Bendor, Samuel, Sai Ishwarbharath, Dhanya Skariachan, Shweta Agarwal Organizations: REUTERS, Rights, Software, Reuters, State Industries Promotion Corporation, Tamil, Everest Group, Thomson Locations: Chennai, Teaneck , New Jersey, Tamil Nadu

REUTERS/Dado Ruvic/File Photo Acquire Licensing RightsBENGALURU, Nov 9 (Reuters) - Wipro (WIPR.NS) may skip giving hikes to "top performers with higher compensation" in its largest business line in the upcoming round of salary revisions in December, according to an internal memo seen by Reuters. Wipro will prioritise employees with lower compensation among those eligible for a raise, Bandaru highlighted, adding that "top performers with higher compensation may not be covered in this cycle". Wipro, which had 244,707 employees as of Sept. 30, had already delayed its salary hike cycle. Some industry watchers said the move echoed a larger trend in the tech industry as it tried to address pay inequities among regions and cut payroll costs. While Infosys (INFY.NS) delayed giving hikes by two quarters, HCL (HCLT.NS) skipped hikes for managers.

Persons: Dado, Peter Bendor, Samuel, Ray Wang, Sai Ishwarbharath, Haripriya Suresh, Dhanya Skariachan Organizations: Wipro, REUTERS, Rights, Reuters, Employees, Wipro Enterprise, Everest Group, ”, Infosys, HCL, Thomson Locations: Bengaluru

☆ India's Infosys cuts top end of FY revenue outlook
▼ + stars: | 2023-10-12 | by ( Sethuraman N R | ) www.reuters.com time to read: +2 min

The No.2 Indian software-services exporter said it now sees full-year revenue growth at 1%-2.5% on a constant currency basis, versus a prior view of 1%-3.5%. Consolidated net profit at Infosys rose to 62.12 billion rupees ($746.46 million) in the quarter ended Sept. 30, from 60.21 billion rupees a year ago. Analysts had expected a profit of 62.95 billion rupees, as per LSEG IBES data. Last month, leading global IT services provider Accenture forecast full-year earnings and first-quarter revenue below Wall Street targets. Large deal signing for Infosys jumped nearly three-fold from the year-ago period to $7.7 billion in the quarter.

Persons: Vivek Prakash, Peter Bendor, Indranil Sarkar, Nivedita Organizations: Infosys, Electronics City IT, REUTERS, Rights, Tata Consultancy Services, Everest Group, Reuters, Consolidated, Accenture, Sethuraman, Thomson Locations: Bangalore, U.S, Mumbai, Bengaluru

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