The company's board will immediately commence the search for the next CFO, Infosys said
The Bengaluru-based IT major announced the commencement of work for building a software development centre with an initial investment of Rs 1 billion without any kind of tax sops from the government
The Uttar Pradesh government has allocated 27.5 acres of land for this upcoming project
In Australia, Infosys built its own data centre in Melbourne to host the software, and is offering the banking client Finacle as a service
Infosys has been increasing local hirings in key markets like the US to tackle increasing scrutiny around work visas by various governments
The Bengaluru-headquartered firm also said that it was witnessing faster rise of wages in India amid competitive pressure
Panaya was the first buy under then CEO Vishal Sikka
Infosys added 17,709 professionals during the first quarter on the gross basis, he said adding at the end of first quarter it had 209,905 employees
Infosys hit a new high of Rs 1,384, up 6%, bouncing back 7.5% from its early morning low of Rs 1,288 on the BSE.
The subcontracting costs of the company in the quarter stood at Rs 12.9 billion, a growth of 17 per cent over the previous quarter
Company says confident of containing this with 'specific interventions'
Operational efficiencies and rupee depreciation benefits likely to be offset by wage hikes
Company to come out with first quarter results today, three days after TCS posted better-than-expected numbers on all fronts
Infosys ended 4.5% lower at Rs 1,284.50, its sharpest single day fall since August 21, 2017.
With Rs 2.83-trillion market capitalisation, Infosys is 6% or Rs 164 billion away to touch Rs 3-trillion mark.
Form 20F provides information regarding financial information of a company apart from the key risks faced by it
Chairman Nandan Nilekani said digital challenges were pervading every space spanning media, entertainment, healthcare financial services, retail or pharmaceuticals.
Balakrishnan also said Infosys to some extent institutionalised the Capital market.
Company's 'Recommendation Engine' leverages AI, machine learning and analytics to suggest training programmmes best suited for individual staff
Thus far in the calendar year 2018, Infosys has outperformed the market by surging 24% as compared to 4.5% rise in the S&P BSE Sensex.