Infosys Q2FY25 net profit rises 4.7% YoY Rs 6,606 cr
Mumbai: Infosys, India’s second-largest software exporter, reported a 4.7% year-on-year (YoY) increase in net profit to Rs 6,506 crore for Q2FY25, although this fell short of estimates, media reports said.
LIC appoints Infosys to build its NextGen Digital Platform
Life Insurance Corporation of India (LIC) has undertaken a digital transformation programme named DIVE (Digital Innovation and Value Enhancement). Under DIVE, LIC aims to significantly boost its digital platform with an aim to provide superior experience to its customers, field force, partners and employees.
Cognizant sues software rival Infosys for allegedly stealing trade secrets
Texas/IBNS: American IT services giant Cognizant's TriZetto Software Group has filed a case against India's homegrown IT service major Infosys in Texas federal court on Friday (August 23), accusing the latter of stealing trade secrets related to its healthcare insurance software.
Infosys set to earn over $100 million in Coca Cola-Microsoft cloud deal
Bengaluru: Infosys is set to earn over $100 million as a key partner in a $1.1 billion cloud migration deal between Coca-Cola and Microsoft, according to an Economic Times report.
Govt to not go easy on Infosys over Rs 32,000 cr GST demand
New Delhi: The government is not considering any relaxation of the tax demand sent to Infosys last month, Reuters reported, citing a government source.
Bengaluru/IBNS: Indian multinational information technology company Infosys on Thursday (Aug 1) announced in a regulatory filing to the stock exchanges that the Karnataka state Goods and Services Tax (GST) authority has withdrawn the pre-show-cause notice against the company for alleged tax evasion.
Infosys shares drop 1% after IT major slapped with Rs 32,403 crore GST notice for overseas expenses
Bengaluru/IBNS: Shares of Indian multinational information technology company Infosys dropped 1 percent to the day's low of Rs 1,845.40 on BSE on Thursday (Aug 1) after the IT major was slapped with a RS 32,403 crore Goods and Services Tax (GST) notice by the Directorate General of GST Intelligence over overseas expenses, reports said.
Infosys workforce declines by 25,994 in FY24
Mumbai: Infosys said there has been a drop in its recruitment activities during the fourth quarter of FY24, according to its financial results declared on Thursday.
Infosys Q4FY24 net profit jumps 30% YoY to Rs 7,969 cr
Mumbai: India's second-largest IT services company Infosys Ltd surpassed market expectations by reporting a net profit of Rs 7,969 crore for the fourth fiscal quarter, up 30% year-on-year against Rs 6,134 crore in the same period last year. .
Mumbai: Last week, IT giant Tata Consultancy Services (TCS) launched the fourth-quarter earnings season with results that surpassed expectations and impressive operating margins.
Narayana Murthy's job application at Wipro was once turned down by Azim Premji: Report
Bengaluru: Infosys founder NR Narayana Murthy was rejected when he sought employment at Wipro, he revealed in a recent CNBC-TV18 interview.
Narayan Murthy backs his '70-hour work per week' stance despite flak
Mumbai/IBNS: Infosys co-founder Narayan Murthy has backed his own statement where he advocated work for 70 hours per week, snubbing the backlash which he received from some quarters.
Infosys loses mega deal with AI firm following CFO's exit
Mumbai/IBNS: Narayan Murthy's Infosys has lost a mega deal with an undisclosed AI firm days after a sudden resignation by the company CFO Nilanjan Roy, media reports said.
Infosys bags mega $1.5 billion deal for 15 years
Bengaluru: Prominent Indian IT firm Infosys has entered into a 15-year agreement with a 'global corporation', ET reported.
Infosys completes acquisition of Danske Bank’s IT Centre in India
Bengaluru: Indian software multinational Infosys has completed the acquisition of Danske Bank’s IT centre in India, the company said recently.