Infosys Technologies (NASDAQ: INFY) is a Globally recognized India-based IT Services, Consulting and outsourcing company. The company defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a flat world. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 100,000 employees and operates globally from 21 countries.
On the Stock Market
Infosys Technologies is listed on BSE, NSE and NASDAQ. Known to be a conservative company, Infosys is well known to give a lower guidance for the stock markets and beat it rather than set higher expectations and not reaching them.
Management
- KV Kamath (Chairman)
- S Gopalakrishnan (Co-Chairman)
- SD Shibulal (CEO & MD)
- Chief Financial Officer: Rajiv Bansal (to take over in November 2012)
Founders
- NR Narayana Murthy
- Nandan Nilekani
- N. S. Raghavan
- S. Gopalakrishnan
- S. D. Shibulal
- K Dinesh
- Ashok Arora
Products
Finacle Universal Banking Solution
Clients include The Co-operative Financial Services (CFS) (since April 2009)
Subsidaries
- Infosys BPO
Timeline
- In March 09, the company was awarded multi-million dollar support contract from Telstra, Australia competing with rival IBM Global Services.
- On May 21, 2009, 5 Infosys employees are killed and eight injured when their bus overtuned at Sankeshwar, 40 kms from Belgaum, Karnataka, India
- July 09: SABMiller has chosen Infosys to conduct in-store projects leveraging the Infosys ShoppingTrip360 solution to analyze shopper and shelf activity around their beverage brands, helping improve the uptake of SABMiller products.
Financials
- 2009 1st Quarter (ending June 30, 2009): Announed on July 10, 2009: Revenues were $ 1,122 million for the quarter ended June 30, 2009; YoY decline was 2.9%. Net income after tax was $ 313 million for the quarter ended June 30, 2009; YoY growth was 1.6%. Earnings per American Depositary Share (ADS) increased to $ 0.55 from $ 0.54; YoY growth of 1.9%
- 2009 2nd Quarter (ending September 30, 2009) : Announced on October 9, 2009: Revenue stood at Rs 5,585 crore. The company has raised the guidance for full-year revenue and earnings per share (EPS) giving signs of a possible recovery for the IT industry
- 2012 1st Quarter (ending June 30, 2012): Infosys second quarter revenue stands at Rs. 9616 crore
- 2012 2nd Quarter (ending September 30, 2012): Infosys second quarter revenue stands at Rs. 9858 crore, up 2.5% QoQ
Infosys Technologies stock price on select dates
- Sensex: March 30, 2009: Rs 1295.50
- Sensex: June 3, 2009: 1,694.25
- Sensex: June 9, 2009: Rs 1,777.55
The Infosys Foundation
Established in 1996, the Infosys Foundation is the philanthropic arm of Infosys Technologies Ltd. and has the sole objective of fulfilling the social responsibility of the company by creating opportunities and working toward a more equitable society. The Infosys Foundation has made effective strides in the areas of healthcare, education, social rehabilitation, and the arts. The company contributes up to one percent of its profit to the foundation each year.
ACM-Infosys Foundation Award
The 2008 ACM-Infosys Foundation Award is presented to Jon Kleinberg, a professor at Cornell University for his contributions to improving Web search techniques that allow billions of Web users worldwide to find relevant, credible information on the ever-evolving Internet.
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