Posts Tagged ‘Infosys’

Infosys, UL jointly build new software platform

February 7th, 2014

Infosys Ltd, India’s second-largest software services exporter, has jointly built a new software platform for one of its oldest clients, US-based Underwriters Laboratories (UL), which develops product safety tests.

Infosys, which is hiving off its products, platforms and solutions (PPS) business into a separate subsidiary, said the new software platform will integrate all of UL’s business units and subsidiaries together and help UL respond to customer demands faster as well as save costs.
Infosys and UL jointly developed the new platform.

“The road ahead looks even more promising as we bring together our technology and business expertise along with a robust set of software assets to create an information platform that will redefine customer experience for the services industry,” said Sanjay Purohit, global head of Infosys’s PPS business in a statement on Thursday.

The new software platform launch comes months after Infosys developed a sales software platform called TradeEdge for its top global and retails customers such as Procter & Gamble Co. to help them save on logistical and operational costs and grow revenue from emerging economies such as India and West Asia.

Infosys is expected to launch more software products in the coming months.

In an interview last month, Infosys’s new joint presidents B.G. Srinivas and U.B. Pravin Rao said the company was in the process of creating a separate subsidiary for its products, platforms and solutions business, which is at the core of its 3.0 strategy.

As part of the 3.0 strategy, Infosys aims to generate a third of its overall revenue in the near-term from new areas of technology such as cloud computing and Big Data analytics.

“We now have one common business infrastructure—we eliminated tremendous amount of complexities, we eliminated a lot of cost…we got rid of all of that and now we’re standardized under this one Oracle stack,” UL chief information officer Christian Anschuetz said in an interview.

In 2012, Underwriters Laboratories created several new business units and transformed itself from being a non-profit organization to a for-profit company.

UL, which has been an Infosys client since 2004, spends about 30% of its total information technology budget outsourcing back-office functions such as software development and maintenance and enterprise resource planning implementations to technology vendors such as Infosys.

Source:http://www.livemint.com/Industry/nC6TyadoDOvzrgTWF2eLnM/Infosys-UL-jointly-build-new-software-platform.html

BSE Sensex falls over 101 pts, software exporters TCS, Infosys share prices slump

January 14th, 2014

TThe BSE Sensex fell for the first time in three days today and closed over 101 points lower after investors booked profits in recent gainers including IT, metal and realty shares, amid a weak trend in the global markets.

Markets Top Gainers, Markets Top Losers

The 30-share index, which had gained 420.84 points in previous two trading sessions, fell by 101.33 points, or 0.48 per cent to 21,032.88. TCS, ICICI Bank and Tata Motors led the 22 Sensex losers lower. Infosys, HDFC and Cipla led 8 gainers.

The 50-share National Stock Exchange index Nifty declined by 30.90 points, or 0.49 per cent, to end at 6,241.85.

Brokers said besides profit-booking after recent gains, a weak trend in the Asian region and a lower opening in Europe following overnight losses in the US market, too triggered selling activity.

Meanwhile, retail inflation slowed to three-month low of 9.87 per cent in December, supporting hopes the RBI will keep interest rates stable in its policy meet later this month.
Overall market breadth was weak with 1,464 stocks declining compared to 1,226 that advanced on the BSE.

Stocks of Ranbaxy Laboratories remained under selling pressure and fell by nearly 2 peer cent after the USFDA raised concerns about manufacturing practices at the pharmaceutical firm’s Toansa plant in Punjab. In the previous session, the stock plunged over 5 per cent.
Among software exporters, Tata Consultancy Services fell 1.78 per cent, HCL Technologies by 1.65 per cent and Wipro shed 1.56 per cent. However, Infosys continued its rising streak to close 0.63 per cent higher.

The IT sector index, which had been leading the rise in the last few sessions, ended in negative territory with a decline of 0.67 per cent.

Sectorally, the BSE Metal index suffered the most by falling 1.41 per cent, followed by Realty index that dipped 1.40 per cent and Banking index slid 0.66 per cent.

Source:http://www.financialexpress.com/news/bse-sensex-falls-over-101-pts-software-exporters-tcs-infosys-share-prices-slump/1218230

Infosys results: Experts see weak Q3 for software major

January 10th, 2014

As the latest earnings season kicks in with Infosys’ December quarter results on Friday, the street expects the IT major along with the other top IT players to report moderate revenue growth for a seasonally weak third quarter of FY14.
Analyst estimates Infosys to report a sequential dollar revenue growth of 1.5% to 2.5%. Experts seem united in their view that Infosys is likely to upgrade FY14 revenue growth guidance to 11.5%-12% from the current range 9%-10% which it upgraded at the time of announcing Q2 numbers. The Ebitda or operating margin for the quarter is seen improving in the range of 80 to 200 basis points q-o-q due to efficient cost realisation and an absence of visa-related cost which had impacted the margin in the September quarter.
As per Kotak Institutional Equities, Infosys is likely to report a weak q-o-q revenue growth of 1.8% with a 1.4% constant currency growth and 40 basis points of cross currency benefits. “Operating margins may expand 110 bps as benefits of aggressive cost-rationalisation measures begin to reflect in performance,” it added.
After reporting a better-than expected sequential sales growth in dollar terms in both June (2.7%) and September (3.8%) quarters, experts anticipate Infosys to further revise revenue guidance for the fiscal to up to 12%. According to Societe Generale, after the 15% rally in the stock over last three months, investor expectations are already building in an upward revision to a full-year guidance and the share might react negatively if company maintains the current guidance. It sees Infosys raising fiscal revenue guidance to 11-12% on back of a strong growth in North America.
The consensus on the guidance upgrade notwithstanding, analysts seem divided on their stance on the company’s operating margins for the next one year as well the company’s ability to demonstrate a turnaround in operations amid sustained exits of top executives in last six months.
For instance, Barclays pegs its FY15 EPS (earnings per share) estimates at 15% and sees a margin recovery of about 380 bps over the next eight quarters due to improved utilisation and tightly controlled onsite costs.

Source:http://www.financialexpress.com/news/experts-see-weak-q3-for-infosys/1217421

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