Deals won by infosys

Deals won by infosys

The second quarter results for Infosys were expected to be good and the company doesn t seem to have disappointed the analysts. Though there were many positive surprises in the results, there were some negative surprises too. But all in all, in comparison to the numbers over the past eight quarters or so, the results posted in Q2 are being seen as its best performance. Apte though wants to wait before giving a final view as some open areas need to be attended but he reminds that the latest numbers are to be seen as an outcome of a good confluence of favourable factors both within and outside the company. This is a testimony to our strong client relationships, digital-led full service capabilities, and intense focus on the needs of our clients," says Salil Parekh, CEO and MD in a media release put out by the company. Sudheer Guntupalli at Ambit Capital, notes that almost 60 per cent of the new business, which means the forward -looking demand is good as the deals get translated from the order book to revenue bookings.

Q2 results: Infosys beats street estimates, but TCS still ahead of curve

With this deal, Infosys has won one of these eight contracts. The contract, which is valid for seven years, includes managed services, application support, and infrastructure operations. More details about the deal can be found here. India accounts for a mere 2. However, the fixed-price contract specifies that Infosys will invoice India Post on the basis of milestones achieved at various intervals — meaning that the company will have to deal with a highly complex and bureaucratic government system, which could stretch out the implementation period for the company and affect the profitability of the project.

It will be interesting to watch how Infosys manages to execute this project in a timely manner. However, there are some caveats:. Moreover, India Post requires much greater focus in terms of program management, coordination within employees, selection of the right team and best practices to meet the timeline. Let me know. We use cookies to enable website functionality and to tailor content to your interests. Please accept cookies or get more information.

Twitter LinkedIn Facebook Email. However, there are some caveats: Subscribe to updates. By checking this box, you agree to receive survey invitations and marketing communications. Thanks for signing up. Stay tuned for updates from the Forrester blogs. Read The Report. Hannover Messe, the leading global trade fair for everything industrial, offers a great opportunity to feel the pulse of digital momentum in the industrial context.

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Infosys bridges gap with rivals after lucrative deal wins

Bloomberg -- Infosys Ltd. Bangalore, India-based Infosys predicts revenue will expand as much as 9 percent from an earlier target of 8 percent. That upgrade clubs Infosys with companies such as Oracle Corp. Its shares rose 0. Net income fell 30 percent to The company reported sales of billion rupees and it will buy back

With this deal, Infosys has won one of these eight contracts. The contract, which is valid for seven years, includes managed services, application support, and infrastructure operations.

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Top takeaways from Infosys earnings: Good deal wins, digital revenue grows

This is a testimony to our strong client relationships, digital-led full-service capabilities, and intense focus on the needs of our clients," Infosys CEO and managing director Salil Parekh said. The revenue of the company witnessed a growth of The operating margins for the period was at Infosys, which said it has a better growth visibility going forward for the near-term, however, retained the margin guidance. For the full year ending March , Infosys had given a revenue guidance in constant currency at per cent, while the operating margin guidance is to be in the per cent range. It may fluctuate from quarter to quarter.

Report: Verizon signs $M outsourcing deal with Infosys

According to Infosys, this is the single-largest, multi-year multi-million Euro contract ever won by the company and the company s share of the overall contract includes committed volumes in North America, Europe and Asia Pacific. This deal clearly indicates that large offshore players like Infosys have a competitive business model to deliver large, global, multi-year contract. The five-year outsourcing contract with IBM would oversee IT infrastructure services for the bank worldwide. Under the agreement, the company is expected to assume management of the majority of ABN Amro s worldwide information technology systems including servers, storage systems and desktops. The only exception is the IT infrastructure of the business unit wholesale clients, which was already outsourced to EDS in , the bank said in its notice to Amsterdam Stock Exchange. For the application support and enhancements to the bank, TCS and Infosys have been allocated to maintain selected applications across business units to serve bank appropriately. After September 1, the planning for phased transition commencement dates is expected for application support and enhancement, subject to consent of local regulators, the bank said, adding the implementation of the agreements will be phased over 18 months. These vendors would develop new applications across all business units of the bank. TCS, in a notice to the stock exchange, said that the landmark engagement is expected to generate committed revenues of over Euros million for the company, in the next five years. Announcing the signing of a five-year global deal to develop, support and enhance a wide spectrum of applications for ABN Amro, Infosys said:

Q2 results: Infosys beats street estimates, but TCS still ahead of curve

Infosys CEO Salil Parekh has said the company needs to add talent to its large deal teams, from advisors to architects, in an attempt to help the company compete in the market. Infosys has previously appointed Padmanabha Olety and Steve Zucker as Vice Presidents in its strategic pursuit s team. According to reports , the company is prominently hiring in the United States but is also looking for talent across markets. Infosys has hired headhunters to look out for talent in America and Europe. Did you find this story helpful? Case study: Learning at the speed of business UOB to prepare students for a career in banking Co-working spaces:

Verizon, Infosys Deal – Slave Trade or Employee Transition?

Nokia struck a deal with India-based consulting firm Infosys to combine their offerings into a digital transformation platform targeted at enterprise customers. With the Infosys deal, Nokia is providing its technology, media, and services to the partnership. This includes its work on mobile broadband and IoT networks. Infosys is leveraging its engineering and operations management platforms. The combination will provide access to artificial intelligence AI , machine learning , optimized management, and network connectivity. Target verticals include transportation, energy, manufacturing, media, entertainment, and education. The initial offering will provide digital asset management for the first three of those verticals. Nokia explained that the partnership continues the expansion of its focus outside of its traditional telecom space. John Byrne, service director for global telecom technology and software at GlobalData, said that Nokia has been active in using AI and automation to increase network operation efficiency.

Infosys Limited is an Indian multinational corporation that provides business consulting , information technology and outsourcing services. It has its headquarters in Bangalore, Karnataka, India. Infosys is the second-largest Indian IT company by revenues and th largest public company in the world based on revenue. Name change: The company changed its name to Infosys Technologies Private Limited in April and to Infosys Technologies Limited when it became a public limited company in June It was later renamed to Infosys Limited in June Share listing: Revenue growth: Geographical expansion:

The Indian information technology IT industry seems to be getting its mojo back. Even mid-sized players have seen a strong deal momentum.

The deal will provide an intuitive, web-based portal to PSPC and its suppliers to access procurement information in English and French. The digital solution will make it easier for the government and suppliers to interact, transact and better serve Canadians. As a digital services and consulting leader, IPS partners with public sector organisations to navigate their digital transformation, helping them renew systems into agile, intelligent platforms, develop new capabilities and deliver better outcomes to all stakeholders at a lower cost. PSPC plays a key role in the daily operations of the Canadian government as a key provider of services for federal departments and agencies. As the prime system integrator, IPS will implement the SAP-based solution and set up a network to provide tier-1, 2 and 3 support services while EY will facilitate the design and deployment of future state processes and enabling technology to support procurement modernization agenda. SAP Canada Managing Director Andy Canham said his company would work with IPS to deliver an intelligent and collaborative platform for federal procurement to set the standard for the public sector across the country. Skip to main content. Tech Shorts. Infosys arm wins deal to digitise Canadian procurement system. The digital solution will make it easier for the Canadian government and suppliers to interact, transact and better serve Canadians. The News Minute newsletter Sign up to get handpicked news and features sent to your inbox.

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Bangalore, India - August 4, The scope includes assessment, design and implementation services coupled with operational support, to be provided for an estimated 20 months. Post the completion of the set up of this SSC, it is expected that the unit would accommodate more than personnel. Commenting on the deal, Mr. We need to remain focussed on improving and enhancing our business process efficiencies and optimising our cost structures. We would like to leverage Infosys BPO s strength of a strong service proposition coupled with world-class technology offerings. This initiative will help add value to our customers and create a differentiator for us in the market". This deal reiterates our focus on the domestic business in India and value adding to businesses and clients in India. We continue to view the domestic market as high potential and look at growing our offerings in this developing market. We are delighted to have won this deal to operate as the only strategic partner and envisage this as the beginning of a long-term relationship with Global Group". Global Holding Corporation Pvt. The Group has Operations across 46 countries, employs people of 22 nationalities and supports 18 social causes. For over 2 decades Global Group has been partnering with leading telecom operators and OEMs offering its expertise in wireless communications. The Group offers excellent working conditions and provides social benefits like free Medical Care and Insurance for the employees families.

VIDEO ON THEME: Vishal Sikka banks on design thinking to win mega deals
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