Infosys opens centre in Arizona, to hire 1,000 techies
Business | September 14, 2019 17:10 ISTGlobal software major Infosys has opened a technology centre at Phoenix in Arizona, US, to accelerate innovation for its American enterprises.
Global software major Infosys has opened a technology centre at Phoenix in Arizona, US, to accelerate innovation for its American enterprises.
The partnership with the global search engine will enable the software vendor to offer consulting, assessment, migration and support services to enterprises for optimising their workloads on the Google Cloud platform.
As a qualified MSP, Infosys will offer clients full application lifecycle services with its deep cloud and data analytics expertise, the Bengaluru-headquartered company said in a statement.
Global software major Infosys' co-founder N.R. Narayana Murthy on Thursday congratulated his son in-law Rishi Sunak on his appointment as Minister in the new Boris Johnson-led British government.
Shares of Infosys jumped over 6 per cent on Monday after the IT behemoth posted better-than-expected rise in its June quarter net profit.
Domestic equity benchmark BSE Sensex surged over 250 points in opening trade on Monday driven by gains in index heavyweight Infosys, amid positive cues from global markets.
In a regulatory filing on the BSE, the city-based IT behemoth said consolidated revenue for the quarter under review (Q1) grew 14 per cent Year-on-Year (YoY) to Rs 21,803 crore from Rs 19,128 crore in the like period a year ago.
"Since April of 2017, we have hired about 9,100 people as of March 2019. This has actually helped us in strengthening our business model and becoming less dependent on visa for for talent or ability," Infosys COO UB Pravin Rao said at the company's annual general meeting (AGM).
Salil Parekh, the chief executive officer of Infosys, took home a pay package of Rs 24.67 crore in the last financial year, the company's annual report showed.
In the ministry's monthly newsletter, Srinivas also said that MCA 21 allows electronic filings of various documents under Companies Act, 2013 and has fully automated all processes related to enforcement and compliance monitoring under the Act.
The Home Ministry had last year served show cause notice to Infosys Foundation for failing to submit annual income and expenditure statement on foreign funding for up to six years despite repeated reminders, officials said.
After the US has tightened visa rules to give preference to applicants with master’s degrees, Indian IT companies are facing numerous administrative hurdles in both applying for new visas and extending existing ones.
"The training for Romanian workforce will leverage the learnings and best practices we have developed at our global education centre at Mysuru in Karnataka," said the statement.
The market cap of Tata Consultancy Services (TCS) zoomed Rs 12,007.64 crore to Rs 7,74,023.16 crore and that of HDFC Bank advanced by Rs 8,569.51 crore to Rs 5,77,598.58 crore.
In May 2017, Infosys had announced that it will set up four technology and innovation hubs and hire about 10,000 locals in the US over a two-year period.
Briefing media about the decision, he said the processing time at present for ITR is 63 days and it will come down to one day after implementation of the project.
Infosys on Friday said it will buyback shares worth up to Rs 8,260 crore and offer shareholders a special dividend of Rs 4 per share as part of the company's Rs 13,000 crore-capital allocation policy.
Technology giant Infosys on Friday said its board has reappointed Kiran Mazumdar-Shaw as the lead independent director for a second term.
IT majors TCS and Infosys will kick-start the earnings season later this week.
Infosys, which has its headquarters in Bengaluru, is already setting up similar hubs in the US - its largest market - and expects to hire 10,000 local workers by 2019.
Top News
Latest News
