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Infosys

All articles tagged with #infosys

business2 years ago•1 min saved

Narayana Murthy's Work Week: From 6:20 am to 85-90 Hours, Productive or Not?

Infosys founder N.R. Narayana Murthy defended his statement that youth should work 70 hours a week, stating that he used to be in the office at 6:20 a.m. and leave at 8:30 p.m., working six days a week. Murthy emphasized the importance of hard work in achieving prosperity and nation-building. His initial statement had sparked controversy, with concerns raised about the health implications of such demanding work schedules.

via Greatandhra|

#business #infosys #narayana-murthy

business2 years ago•2 min saved

The Controversy Surrounding Narayana Murthy's 70-Hour Work Week

Narayana Murthy, co-founder of Infosys, believes that young workers in India should work a 70-hour work week as a matter of national pride and to accelerate the country's progress. Murthy argues that low productivity is holding India back and suggests that young Indians should follow the example of Germany and Japan's postwar rebuilding. His comments have sparked a debate among business leaders and ordinary Indians, with some expressing support for longer work hours. However, the push for longer work weeks is facing resistance globally, with younger workers in China, the US, and Europe rejecting the idea of "hustle culture" and advocating for work-life balance.

via Fortune|

#business #infosys #narayana-murthy

business2 years ago•1 min saved

Tech Giants' Q2 Results Reflect the Limitations of Billion Dollar Deals

The Q2 earnings of major IT services companies, including TCS, Infosys, and HCL Tech, have shown positive results in terms of margins and record-high total contract value (TCV) of deal wins. While the companies employed strategies to maintain margins, there has been a setback in discretionary demand, leading to reduced revenue guidance by Infosys. However, the increase in deal wins is seen as a positive sign for future revenue growth, and analysts expect margin expansion for these companies in the coming years. The stabilization and improvement of discretionary spending are crucial for meeting revenue growth estimates in the long term.

via IndiaTimes|

#business #hcl-tech #infosys

business2 years ago•1 min saved

Infosys Secures $2 Billion AI Deal for Five Years

Infosys, India's second-largest software services exporter, has signed a five-year deal with an undisclosed client to provide artificial intelligence (AI) and automation services, with a target spend of $2 billion. The agreement includes AI and automation-related development, modernization, and maintenance services. This move follows similar investments in AI by rival companies Tata Consultancy Services and Wipro. Infosys recently launched a platform called Infosys Topaz for generative AI.

via Reuters|

#artificial-intelligence #automation-services #business

finance2 years ago•2 min saved

Infosys' Stock Plummets Amidst Weak Revenue Outlook and Leadership Loss

JPMorgan analyst Ankur Rudra has downgraded Infosys to underweight and cut its stock-price target by 20% after the company's Q4 results and guidance "missed sharply on every possible parameter." Rudra cited the recent loss of business momentum on revenues and signings, indicating that Infosys has "lost the revenue growth leadership." The U.S.-listed shares slipped 0.1% in midday trading Monday after plunging 13% over the past three days.

via MarketWatch|

#analyst #finance #infosys

business2 years ago•1 min saved

Infosys' weak performance drags down Indian IT sector.

Infosys shares fell nearly 15% after the company's weak revenue outlook raised concerns about demand for Indian IT services amid global banking turmoil and recession fears. The outlook followed a disappointing quarterly report from larger rival Tata Consultancy Services, highlighting worries for the sector which earns more than 25% of its revenue from just the U.S. and European banking, financial, services and insurance sector. Infosys expects revenue growth of 4%-7% on a constant currency basis for the fiscal year ending March 2024, well below analysts' expectations of 10.7% growth, as clients cancelled some projects and deferred spending on growing fears of a recession.

via Reuters|

#business #global-banking-turmoil #indian-it-services

business2 years ago•2 min saved

Infosys shares plummet: Here's why.

Infosys shares have dropped over 10% due to a dismal revenue outlook caused by the impact of banking turmoil in major markets, specifically the United States and Europe. The IT sector, which earns more than 25% of its revenue from just the US and European banking, financial, services and insurance sector, is facing rising global uncertainties and fears of a recession causing clients to defer spending. At least 10 brokers have lowered their ratings on Infosys stock, and the outlook for India's IT services sector is set to worsen over the next six months before bottoming out.

via Indiatimes.com|

#business #global-uncertainties #infosys

business2 years ago•3 min saved

Infosys Faces Challenges in Finance Sectors, Stock Drops.

Infosys, India's second-largest software services firm, has warned that customers in key sectors like finance are pulling back, indicating that corporations are tightening their budgets to weather an economic slowdown. The company expects to post revenue growth of between 4% and 7% this fiscal year ending March 2024, compared to an average analyst estimate of 10.6%. Infosys and its peers in the tech services industry are seen as a bellwether for corporate spending, showing how companies are preparing for the future.

via Yahoo Finance|

#budget-cuts #business #economic-slowdown

business2 years ago•0 min saved

Infosys faces disappointing Q4 earnings and lowered revenue guidance.

Infosys, the India-based digital services and consulting company, reported a flat Q4 profit and revenue miss, leading to the biggest drop in its stock in three years. The company cited decision-making delays by clients resulting in lower volumes and an uncertain outlook. While volumes stabilized in March, Infosys CEO Salil Parekh said the environment remains uncertain.

via MarketWatch|

#business #earnings #infosys

business2 years ago•2 min saved

Infosys Sales and Stock Suffer as Revenue Growth Hits Six-Year Low.

Infosys, India's second-largest software services firm, has forecasted sales growth of between 4% and 7% for the fiscal year ending March 2024, which is lower than the average analyst estimate of 10.6%. The company's CEO, Salil Parekh, cited unplanned project rampdowns and delays in decision-making as reasons for the lower volumes. The demand for Indian software services has declined from its peak due to the reopening of economies and the return of workers to offices. Infosys' larger rival, Tata Consultancy Services, also missed analysts' estimates due to some clients deferring discretionary projects.

via Yahoo Finance|

#business #economic-slowdown #infosys