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Top related persons:
Vivek Prakash - 3 Nivedita - 2 Phil Fersht - 1 headcount - 1 Nilanjan Roy - 1 Roy - 1 Peter Bendor - 1 Indranil Sarkar - 1
Top related locs:
Bangalore U.S Bengaluru Indian Mumbai Manvi Pant
Top related orgs:
Infosys - 3 Electronics City IT - 3 REUTERS - 3 Rights - 3 Thomson - 3 Tata Consultancy Services - 2 Sethuraman - 2 HCL - 1

Search resuls for: "Electronics City IT"


3 mentions found


☆ Waning demand for IT services hits hiring at Indian tech majors
  + stars: | 2023-10-13 | by ( Sethuraman N R | ) www.reuters.com   time to read: +2 min
Tata Consultancy Services (TCS.NS), Infosys (INFY.NS) and HCLTech (HCLT.NS) have seen employee headcount reducing in the second quarter as they reported weak results. Infosys added over 83,000 employees in the last two fiscal years, while TCS' employee headcount surged by over 120,000 and HCL added about 57,000. In contrast, Infosys' net employee headcount has fallen by 14,470 in the first half of this year and HCLTech's by about 4,800. "In a way we hired ahead of demand predicted ... with that slowing down this year, our employee utilization fell. Infosys is targeting 84%-85% in employee utilization from the current 81.8%, Roy said.
Persons: Vivek Prakash, Phil Fersht, headcount, Nilanjan Roy, Roy, Nivedita Organizations: Infosys, Electronics City IT, REUTERS, Rights, Tata Consultancy Services, HCL, Analysts, TCS, Sethuraman, Navamya, Thomson Locations: Bangalore, Indian, U.S, 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
☆ India's Infosys signs $1.5 bln contract to leverage AI solutions
  + stars: | 2023-09-15 | by ( ) www.reuters.com   time to read: +1 min
An employee walks past a signage board in the Infosys campus at the Electronics City IT district in Bangalore, February 28, 2012. REUTERS/Vivek Prakash/File Photo Acquire Licensing RightsBENGALURU, Sept 15 (Reuters) - India's second-largest software services exporter Infosys (INFY.NS) said it signed a $1.5 billion contract for a 15-year period with a "global company". Under the deal, Infosys will provide enhanced digital experiences and business operation services, leveraging the company's platforms and artificial intelligence (AI) solutions, it said on Thursday. Infosys did not name the company nor mention whether it is an existing client. In July, Infosys signed a $2 billion deal with an existing client to provide AI and automation services for five years.
Persons: Vivek Prakash, Manvi, Janane Organizations: Infosys, Electronics City IT, REUTERS, Rights, Nvidia, Reliance Industries, Tata group's Tata Consultancy Services, Thomson Locations: Bangalore, U.S, Manvi Pant, Bengaluru
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