West Bengal acquires 200 acres for IT projectAugust 5th, 2009 KOLKATA - The West Bengal government has acquired 200 acres of contiguous land for the Rajarhat information technology (IT) hub, where software majors like Infosys and Wipro have sought space, a state minister said here Wednesday. "We are now ready to offer land to any company.
Indian outsourcing company Infosys quarterly profit falls 0.9 pct but outlook improvesOctober 9th, 2009 Infosys profit falls 0.9 pct but outlook improvesMUMBAI, India — Infosys Technologies Ltd. reported a slight decrease in quarterly profit Friday but raised its revenue and earnings forecasts — a signal the worst may be over for India's software services industry after being hard hit by the global downturn.
Infosys freezes recruitment, mulls pay cutsFebruary 4th, 2009 NEW DELHI - Employees of Infosys Technologies may have to live with a salary cut and without any significant increment, even as the IT bellwether has virtually frozen fresh recruitments on account of the global meltdown, a top company official has said. 'A part of our salary is determined by variable sales component, which is the percentage of the company's revenue,' said Infosys' director for human resources T.V.
Algorithm For Hiring At TaraganaOctober 12th, 2006 It is hiring time again! Srini has devised an algorithm for hiring at Taragana which I think very appropriately describes our hiring funnel:
if (isClueless()) {
goToIBM();
} else if (runOfTheMill()) {
goToWipro();
} else if (thinkUMLIsDesign() && bigAmbitionToBeADesigner() &&
chooseVariableNamesLikeTheLengthOfThisOne()) {
goToAccenture();
} else if ( appreciateDesign() && (knowJava() || knowPHP()) && isTrueDeveloper()) {
welcome();
}
If that looks like you and you are located in India (or willing to relocate) please send your resume to hiring[at]taragana[dot]com.
Note: No animals or companies were harmed in the making of this algorithm.
Wipro projects $1.05 billion from IT services in Q4January 20th, 2009 BANGALORE - Wipro Ltd Wednesday projected $1.05 billion (Rs.51.73 billion) revenue from its global IT services for the fourth quarter (January-March) of this fiscal (2008-09). In regulatory filing to the stock exchanges, the IT bellwether said the outlook for this quarter (Q4) was based on revenue from its IT services in the third quarter (October-December) of this fiscal at $1.13 billion under the American accounting system (US GAAP).
Infosys revises rupee guidance marginally for fiscalJanuary 12th, 2009 BANGALORE - Further depreciation of the Indian rupee during the third quarter (October-December) has forced Infosys Technologies Ltd. to marginally revise upwards its revenue guidance for this fiscal (2008-09) under the Indian accounting system and downwards under the new international financial reporting standards (IFRS).
India's Infosys says quarterly profit up 1.6 pct, but warns of steep revenue dropJuly 10th, 2009 India's Infosys says quarterly profit up 1.6 pctMUMBAI, India — Indian outsourcing bellwether Infosys Technologies Ltd. reported a slight rise in quarterly profit and warned of a steep drop in revenue as its global clients struggle to cope with the economic slowdown.
Infosys net up 33 percent in third quarterJanuary 12th, 2009 BANGALORE - Infosys Technologies Ltd. has posted net profit of Rs.16.41 billion (Rs.1,641 crore) for the third quarter (October-December) of this fiscal (2008-09), registering 33.3 percent year-on-year (YoY) growth and 14.6 percent sequentially under the Indian accounting system.
Sonia salutes India's IT successSeptember 15th, 2009 MYSORE - Congress President Sonia Gandhi on Tuesday attributed nation's success in the field of Information technology to the Indian talent, ingenuity and hard work. She was speaking after inaugurating the Infosys technology campus in Mysore.
Infosys to pick up most of IBM's support contract with Australia's TelstraMarch 24th, 2009 MELBOURNE - Bangalore-based software giant Infosys will pick up most of IBM Global Services' multi-million dollar applications support contract with Australian software giant Telstra, after the latter's deal with the former was scrapped following TELCO reducing its outsourcing partners from four to two. According to The Australian, the decision to shift from IBM to Infosys could result in hundreds of job losses locally and in Bangalore, where IBM operates outsourcing centres.
Infosys To Hire 1,000 People in US within a Year or SoMay 22nd, 2009 In a recession hit period, where companies are downsizing to overcome the crisis, Indian software major Infosys plans to hire about 1,000 people in the US within a year and a half. Infosys Chief Executive, Kris Gopalakrishnan while attending Microsoft's CEO summit held in Seattle this week announced that the company is planning to add more than 100 employees as a part of a big US expansion in anticipation to the growth resuming in 2010.
Infosys beats expectations; ups forecast on weaker rupeeJanuary 12th, 2009 BANGALORE - India's second largest IT bellwether Infosys Technologies Tuesday posted a net profit of Rs.16.41 billion (approx $335.5 million/Rs.1,641 crore) for the third quarter of this fiscal (2008-09), registering 33 percent year-on-year (YoY) growth and 14.6 percent sequentially as per the Indian accounting system. Under the international financial reporting standards (IFRS), the net income for the October-December quarter under review (Q3) is $330 million as against $310 million in the same period a year ago, a modest growth of 6.5 percent YoY.
Infosys to award five top Indian scientists Rs.5 mn eachFebruary 16th, 2009 BANGALORE - Infosys Technologies Tuesday said it has instituted a Rs.5-million (Rs.50 lakh) award each for five top Indian scientists in recognition of their outstanding research contributions and achievements. The five awards will be given annually under the aegis of Infosys Science Foundation, a non-profit trust set up with a corpus of Rs.210.5 million (Rs.21.5 crore), the software major said in a statement here.
'Infosys not to approach Satyam clients on its own'January 12th, 2009 BANGALORE - IT bellwether Infosys Technologies Ltd would not pro-actively approach clients of the fraud-hit Satyam Computer Services on its own but is open to consider proposals for deals on merits, a top company official said Tuesday. 'We have decided not to pro-actively approach Satyam clients.
Depreciating rupee forces Infosys to slash hedging amountJanuary 12th, 2009 BANGALORE - A depreciating rupee has forced IT bellwether Infosys Technologies Limited to reduce its exposure to hedging in the currency market to $576 million from $932 million for the next two quarters, a senior executive said Tuesday. 'We have brought down our hedging amount in the forex market to $576 million to minimise the risk of currency rate volatility for the next two quarters (January-June) of 2009,' Infosys chief financial officer V.
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