Vishal Sikka, the new chief executive officer, is in the process of internally discussing and finalising the future course of action, chief operating officer U B Pravin Rao said on Tuesday.
Infosys has been struggling to revive high growth for two years.
Will Infosys, which will announce its Q2 results on Tuesday, be able to break away from the single-digit growth rates the IT services sector has been seeing?
At a time when speculation was rife about its course after the organisational rejig last week, Infosys on Friday validated the changes, exuding strong faith in its leadership pipeline and gave a clear signal that the company was unperturbed by the slew of senior exits in the recent past.
Evaluation gets tougher as companies battle uncertain macro conditions and automation.
After high-profile exits in the past couple of months, Infosys, the country's second largest information technology services company, has undertaken a top-level management restructuring.
Pravin Rao says firms with revenue of $600-700 millon will be preferred.
The city-based firm had witnessed exits, especially of senior level executives, in the last couple of years and one of the main tasks before Vishal Sikka when he took over as the chief executive officer last year was to check the high attrition levels.
Infosys has been focusing on winning more lucrative digital technology and automation outsourcing contracts.
Infosys: Sikka magic may revive double-digit revenue growth
Revenue of the Bengaluru-based firm grew 1.7 per cent to Rs 17,078 crore in the June quarter as against Rs 16,782 crore in the year-ago period.
India accounted for 2.2 per cent of the revenues of Infosys.
'Young people are digital natives.' 'Hence, their ability to learn coding and to become a full stack engineer is far more.' 'The demand for such people is more as we feel that if we hire people from campuses, we can train them to become what we want.'
Infosys has been making bets on automation and other high-margin services like artificial intelligence to regain some ground
The company is looking at building the 'bench' of employees in reserve, to be prepared for emerging demands, beside keeping staff attrition in control. Maintaining decent bench strength would help in implementing new projects.
Murthy talks about his role at the company, retirement plans and the direction in which Infosys is headed.
The S&P BSE Midcap and the S&P BSE Smallcap indices added 0.5% and 0.7%, respectively
The company's executive vice president and chief financial officer Rajiv Bansal has resigned.
To hire 300 graduates in those regions in FY15; moves staff with strong tech skills into sales.
Lower numbers signal that that companies, especially the technology services firms, are steadily reducing the dependency on non-immigrant visas.
'Where is the board's accountability in this whole transaction? The members of the earlier board who participated in approving and defending these acquisition are still in the current board,' the whistleblower said in a mail sent to US SEC and Sebi.
At the end of Q1, Infosys had 1,79,523 employees.
New strategy for Infosys by October, says Nandan Nilekani. New chairman's other priorities: Hiring CEO, reviewing Panaya probe reports.
Revenue rose 23.4 per cent to Rs 1,655 crore
CEO Vishal Sikka's strategy is in line with focus on academic research in new technologies.
CEO probable says the new role as president could not have come at a better time
5,565 contracts, valued at $201 billion are up for rebids across geographies and verticals by 2018.
Leg spinner Pravin Tambe was on Monday surprisingly included in the Mumbai Ranji Trophy team to take on Jharkhand in the four-day Group A match starting at the Wankhede Stadium in Mumbai on December 6.
While the framework of service delivery and client-focused approach remains unchanged, Nilekani's suggestions, of taking start-ups with newer technologies to clients, are being implemented.
March was the first full quarter for Infosys under its new CEO Salil Parekh.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices added 0.6% and 1.3%, respectively to touch their fresh lifetime highs.
Group of ministers to review progress every fortnight.
The Infosys saga shows how efforts to remote-control a company by its powerful promoter, even with good intentions, might hurt the entity, says Asish K Bhattacharyya.
Vishal Sikka who was made vice-chairman till his successor was appointed, also quit the board with immediate effect.
Infosys on Friday posted a 3.5 per cent rise in quarterly net profit, lagging analyst estimates.
Annualised staff attrition rate at Infosys rose to a record 20.1 per cent in the September quarter.
Togadia said he would go on an indefinite fast from Tuesday to push the Hindutva cause.
The culture clash isn't the only issue - most of the founders are still wary of risky bets while the new management thinks calculated aggression is necessary in the new world of business, says Shyamal Majumdar.
In FY16, Infosys had 48 employees in India who were paid more than Rs 1 crore in annual compensation, as compared to 111 in FY15.
Suspension, internal mudslinging and factionalism overshadowed some stellar performances by Indian archers as the sport went from bad to worse with just a few months left for Tokyo Olympics in an eventful 2019. The biggest blow to Indian archery came in August when World Archery suspended the national federation after two warring groups conducted parallel elections in Delhi and Chandigarh in a clear defiance of the international body's guidelines.
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