In 3 Years, Sikka Helps Buoy Infosys Profit

When Vishal Sikka took over at Infosys he was prescient about automation taking away jobs and clients shifting investment dollars into newer digital technologies.

Indian CEOs Are Far Behind The US Ones In Severance Pay Packages

Indians are way behind the USA, when it comes to severance package doled out to the CXOs. Compared to 3-5% Indians getting the severance pay as a safeguard clause in their contracts, it’s almost 60-70% in the USA. The scenario came to light when the exit of Infosys CFO Rajiv Bansal happened. It has been reported that the departing Infosys CFO was gifted the “so-called golden parachutes”.

Golden Parachutes Start To Land In Indian Tech CXO Contracts

Departing Infosys CFO Rajiv Bansal’s hefty severance package was one of the central issues in the row that broke out between the company’s founders and its board, but East is far behind the West in offering so-called golden parachutes to CXOs. However, the concept is said to be fast catching on as companies increasingly hire executives from overseas.

प्रमोटरों के सवाल पर इन्फोसिस की सफाई, सिक्का का पैकेज बढ़ाना कंपनी हित में

देशके सबसे बड़े उद्योग घराने टाटा समूह के बाद अब देश की दूसरी सबसे बड़ी आईटी कंपनी इन्फोसिस में प्रमोटर और बोर्ड के बीच मतभेद सामने रहे हैं। प्रमोटरों ने एमडी और सीईओ विशाल सिक्का के सैलरी पैकेज के साथ उनके कुछ फैसलों पर सवाल उठाए हैं। इनमें दो पूर्व एक्जीक्यूटिव्स को कंपनी छोड़ते वक्त भारी-भरकम पैसे देना (सेवरेंस पैकेज) भी शामिल है।

Startup World Is No stranger To Boardroom Bickerings Playing Out In Infosys

The hullabaloo over former Infosys Chief Financial Officer Rajiv Bansal’s severance payout could just be the trigger for a larger war inside the IT bellwether. But the battle lines have yet to be clearly drawn. The question everyone seems to be invested in for now is: When will the warring sides come into the open and will all this destroy the company’s brand image?

Infosys Governance Row: Are Indian Cos Not Ready To Accept Global Talent Yet?

Over the last 24 hours, the Indian IT Industry and media have been abuzz with supposed corporate governance issues at Infosys. The founders have lashed out at Vishal Sikka, CEO and the board via a letter that highlights possible corporate governance issues under the new management. While no facts have been presented until now, additional news material was floated this morning with some strong commentary from none other than NR Narayana Murthy himself.

Despite Beating Expectations, Infosys Falters As CFO Quits

Infosys manged to beat street expectations on Monday (12 October) but CFO, Rajiv Bansal, quit after a three year stint. He was brought in by Narayana Murthy, the Chairman Emeritus of Infosys, to revive an ailing company. But since then Infosys has delivered the best quarterly results, over the last two quarters, largely because of new clients signed up and startups acquired. To boot, Vishal Sikka’s strategy of achieving $20 billion by 2020 is on track. However, with Bansal resigning, there was a correction in the stock price.

Analysts remained tepid about the company. According to Greyhound Research the company has historically acquired more customers in the first two quarters. The research firm adds that the next two quarters will see tepid growth because it will try to consolidate revenues with the existing clients pool.

Source: BusinessWorld

Infosys Q3 net profit up 13% at Rs 3,250 crore; beats expectations

Beating expectations, Infosys on Friday reported 13 percent jump in consolidated net profit for the third quarter to Rs 3,250 crore, helped by increase in business and clients from North America, as also from India.

Infosys Q3 net profit up 13% at Rs 3,250 crore; beats expectations

Beating expectations, Infosys on Friday reported 13 percent jump in consolidated net profit for the third quarter to Rs 3,250 crore, helped by increase in business and clients from North America, as also from India.

Infosys Q3 net profit up 13% at Rs 3,250 crore; beats expectations

Beating expectations, Infosys on Friday reported 13 percent jump in consolidated net profit for the third quarter to Rs 3,250 crore, helped by increase in business and clients from North America, as also from India.

Infosys Q3 Net Profit Up 13%, Beats Expectations

Beating expectations, Infosys today reported 13 per cent jump in consolidated net profit for the third quarter to Rs 3,250 crore, helped by increase in business and clients from North America, as also from India.