Infosys has identified opportunities for improvements in processes and practices, which have been implemented.
Infosys "now globally benchmarked its severance pay and revised its senior management employment contracts
September quarter annualized consolidated employee attrition at 21.4 per cent
Infosys to appointed D. Sundaram as chairperson of audit committee with effect from Oct 24
4:37 PM Infosys rules out irregularities in Panaya deal, severance pay to Bansal
Infosys management says, "we ended Q2 with highest ever cash on books of over Rs 41,000 crore; see account specific softness in Q3
M. D. Ranganath, CFO, Infosys on Q2FY18 numbers
Our focus on improving operational efficiencies enabled us to deliver stable margins in the quarter and at the same time provide compensation increases and higher variable payouts to our employees. We have taken several steps during the quarter towards our capital allocation policy covering Rs 13,000 crore share buyback, coupled with interim dividend of `13 per share for enhancing shareholder returns.
Infosys management says current company strategy is relevant and will continue
U B Pravin Rao, interim CEO and MD on September quarter results
We continue to focus on executing on the theme of software enabled services and on accelerating growth of our new services portfolio. During the quarter, we responded quickly to the management and Board changes through proactive communication with all stakeholders minimizing any negative impact to the business and allowing us to deliver growth across all our large industry units.
(Source: Company release)
Infosys management says have revised revenue guidance given typical softness in Q2
Infosys management says customer relationships have been stable in Q2.
Infosys management says total contract value at $731 million
Infosys says process of identifying the next CEO and shareholder consultation outreach have been initiated and are progressing well.
Gross client additions of 72 in Sept quarter
Infosys says September quarter annualized standalone employee attrition at 17.2 percent
Infosys on Panaya probe
Nilekani led Infosys board concurs with stand of former CEO Vishal Sikka on not disclosing full investigation report on Panaya deal.
4:19 PM Vishal Sikka resigned as the CEO and MD of Infosys and subsequently resigned as the Executive Vice-Chairman of the Board with effect from August 24, 2017
4:16 PM Infosys Q2
Infosys Q2 North America grew by 2.0% sequentially & 1.9% in constant currency
4:14 PM Infosys Q2
Infosys Q2 Europe grew by 6.6% sequentially & 4.1% in constant currency
4:12 PM Infosys earnings: Geographic growth QoQ (cc terms) - North America 1.9%, Europe 4.1%, India 5.1%, RoW 2.3%
4:11 PM Infosys has been facing challenges in achieving faster digital business growth, a key metric for its global peers in IT services industry.
4:11 PM Infosys dealt with management changes and exit of the first non-founder chief executive during the past four quarters
4:10 PM Also read: Infosys Q2 profit up 3.2% to Rs 3,726 cr, guidance for year ahead lowered
4:08 PM Click here for the Infosys Q2 earnings release
3:59 PM Infosys on Panaya probe: Publishing additonal details inhibit ability; releasing full investigation could impair cooperation
3:59 PM Infosys on Panaya probe: Reaffirms conclusion of independent investigation
Infosys on Panaya probe: Reaffirms previous findings of external investigations; no merit to allegations of wrongdoing
3:55 PM Infosys: Process of identifying next CEO initiated
3:54 PM Infosys Q2
Dollar Revenue at $2728 million vs $2,651 million (QoQ)
3:53 PM Infosys Q2
EBIT at Rs 4,246 crore vs Rs 4,111 crore (QoQ)
EBIT Margin at 24.1%
3:52 PM Infosys Q2
Q2 revenues grew sequentially by 2.9% in $ terms; 2.2% in Constant Currency terms
3:52 PM Infosys cuts guidance
FY18 revenue guidance to 5.5-6.5% from 6.5-8.5% in constant currency terms
Operational margin guidance unchanged at 23-25%
3:51 PM Infosys: Endeavour to build trusting relationship with Murthy
3:47 PM Infosys Q2
Revenue at Rs 17,567 cr vs vs Rs 17,078 cr, up 2.9% QoQ
3:43 PM Infosys Q2
FY18 sales growth at 5.5%-6.6%
3:43 PM Infosys Q2
PAT at Rs 3,726 crore vs Rs 3,483 (QoQ)
Q2 earnings: Nandan Nilekani in Infosys hot seat
Infosys, the information technology major, is to announce its second quarter results on Tuesday. Numbers apart, investors and analysts are keen to hear the strategy that co-founder Nandan Nilekani, recently having taken charge as chairman, will unveil for faster growth than industry peers READ MORE HERE
3:31 PM Infosys Q2 preview: What Dalal Street wishes to hear from Nandan Nilekani HERE ARE THE BROKERAGE VIEWS
3:27 PM Infosys Crisis And The Panaya Deal Fiasco: Was Narayana Murthy Wrong? Here is all you wanted to know about the deal
3:26 PM From strategy to new CEO names: 5 things to watch for in Infosys Q2 results
Since Nilekani took charge at the Infosys board, he has tasked key members of the board – Ravi Venkatesan, D N Prahlad, and senior executives – with drawing up a growth plan for the next phase of Infosys. Nilekani, who has probably reviewed the strategy during the board meeting on Monday and Tuesday, will give an indication on whether Infosys will be able to break from the single-digit growth rates that the IT services industry is currently witnessing and grow faster by tapping newer business opportunities. READ MORE HERE
3:24 PM Welcome to Business Standard's special coverage on Infosys' September quarter (Q2FY18) results.
First Published: Tue, October 24 2017. 18:35 IST