infosys - News, Features, and Slideshows

News

• Wall Street Beat: Talk of US budget compromise boosts tech stocks

  After a rollercoaster ride, tech stocks rebounded toward the end of the week following reports of a possible compromise on the political impasse over the U.S. budget.

• Infosys' revenue rises, but margins are under pressure

  Indian outsourcer Infosys saw profit decline even as revenue grew in the third quarter, as a result of an increase in salaries and a provision for a visa investigation in the U.S.

• Utility cuts IT workforce, hires Indian outsourcers

  Northeast Utilities in Connecticut Tuesday confirmed that it plans to turn over part of its IT operations to two India-based outsourcing firms, despite a recent push by state lawmakers to keep it from doing so.

• H-1B workers in line for Obamacare work

  Some state governments are willing to hire offshore outsourcing firms to work on controversial IT contracts that don't bar use of temporary foreign labor, or workers on H-1B visas.

• US IT worker files hiring lawsuit against Infosys

  A Wisconsin IT professional has filed a lawsuit against Indian outsourcing firm Infosys alleging that the company discriminates against U.S. job applicants in favor of South Asians for jobs in the U.S.

• Infosys Is Having Its Midlife Crisis

  Indian outsourcer Infosys -- in the midst of a major transformation -- struggles to supplement its commodity programming services with high-value business offerings

• Infosys posts strong revenue growth as markets recover

  Infosys posted strong revenue growth in the second quarter as demand picked up in key markets including the U.S.

• D.C. awards Obamacare IT work to offshore outsourcer

  Infosys recently announced that it won a $49.5 million contract to develop a health benefit exchange for the District of Columbia. It is one of the larger government contracts won by an offshore outsourcing firm, but it's unclear whether any of the work will be done overseas.

• Open Data Center Alliance tackles Big Data analysis

  The Open Data Center Alliance, a customer group that shares tips about Cloud deployments and tries to nudge vendors into supplying the products they want, has added Big Data to the list of IT topics it covers.

• Infosys' first CEO returns to lead company

  Infosys' co-founder and first CEO N. R. Narayana Murthy has returned to the company as executive chairman, amid concerns that the outsourcer's performance has not been as good as that of some of its Indian peers.

• Wipro's IT services business posts slow growth in difficult market

  Indian outsourcer Wipro reported slow revenue growth in its IT services business, reflecting a continued volatility in the outsourcing market.

• Infosys' profit drops in 'challenging' market

  Indian outsourcer Infosys saw its profit drop even as revenue grew in the first quarter, as margins were hit by staff salary increases, and investments and acquisitions by the company in new technology areas and markets.

• BMW brings in Infosys for infrastructure management

  BMW Group has brought in Infosys to help manage its global IT infrastructure.

• In pictures: NICTA TechFest Canberra

  Parliament House in Canberra was buzzing this week as National ICT Australia (NICTA) exhibited the latest broadband, digital economy and technology innnovations. NICTA partnerships with Sydney Water and Infosys were launched on the day.

• NICTA and Infosys sign ICT research collaboration deal

  National ICT Australia (NICTA) and technology services firm Infosys will be conducting research into technology problems which affect businesses such as cloud computing resiliency.