MNCs poach, Indian companies feel the heat

The Indian IT sector is facing the heat. And giving them a run for their money are top MNCs who are on a recruitment spree, leading to attrition problems among Indian companies.
The pressure is on two fronts — skilled manpower and pricing. IBM, for example, opened its fifth global delivery centre in India in June, while Accenture hired 1,600 employees in May. In fact, Accenture’s Indian employee base now accounts for over 10% of its global workforce.

"Many Indian companies may not be giving the exact picture due to stock market compulsions."

Infosys Scores Highly in Client Satisfaction Scores for Consulting and Outsourcing Services

In an independent survey report(1) by Forrester Research, Inc., an independent research firm, Infosys Technologies (NASDAQ:INFY) has been ranked the highest in client satisfaction in outsourcing services and was among the top three in consulting services among 11 major global IT service providers. The report cites that while other offshore players are likely to focus more on BPO, Infosys is expected to reach further into the consulting services market.

Infosys ranks first in client satisfaction: Forrester India Infoline.com
Infosys tops client satisfaction in outsourcing: report: NewKerala.com
`Infy is top in customer satisfaction` Business Standard

Infosys puts Hyd on front burner

Bangalore-based IT major Infosys Technologies Limited has put Hyderabad on the front burner of its expansion strategy. The $1.59 billion company is looking at expanding and may set up a new centre in the city spanning 150-300 acres in size in the future.

Infosys, 25, raises bar to global scale Hindu Business Line
No plans to sell Finacle to Oracle, says Infosys Financial Express
Infosys announces roadmap for next 25 years Sify

Infosys draws roadmap for 25 years

Software giant, Infosys will scale up its operations, products and services drastically to emerge as a "truly multinational corporate entity" in the next 25 years, its Chairman, N R Narayana Murthy said @ Hyderabad.

Speaking on the sidelines of an analysts' meet organised to mark the silver jubilee celebrations of Infosys here on Friday Murthy said, "We will be alive to all market possibilities in products and services."

"We are growing at 30 per cent now. The biggest challenge is to grow while maintaining the profit and other aspects intact. Business models will come and go. But our value system will guide us," Murthy said. "We are determined to obsolete our own innovations rather than those of our competitors," Murthy said, adding he would rather welcome competition always.

Infosys draws roadmap for 25 years Rediff
Infosys completes 25 yrs, plans for next 25 yrs Business Standard
Murthy shares his dream as Infosys turns 25 IANS

Infosys expanding at seven locations across India

To meet the growing demand for space, Infosys Technologies is expanding its development centres at seven locations across India.

The company is building an additional space of 31,76,400 sq ft which would have 16,615 seats. This would add to the existing area of 68,99,450 sq ft with 33,111 seats that the company had on March 31, 2005.

Infosys to invest $65 m in China

Infosys Technologies Ltd has said its China subsidiary will invest $65 million over the next five years for developing two software development centres in Shanghai and Hangzhou. The centres will house 6,000 engineers.

Infosys, which has 250 employees in China, will invest $10 million over the next two years at the Shanghai centre, which will have a seating capacity for 1000 engineers.

Infosys annual analyst meet on August 12

Infosys Technologies Limited has announced that it will host its annual analyst meet on August 12 at its campus in Hyderabad. Infosys will discuss the state of the business at the meeting.

N R Narayana Murthy, chairman and chief mentor, will deliver the opening remarks after which Nandan Nilekani, chief executive officer, president and managing director, will speak on the state of the business.

Infosys to spend $ 10 mn in Shanghai

Infosys Technologies Ltd on Wednesday said it will invest $ 10 mn to set up a software development campus in Shanghai in association with Zhangjiang Hi-Tech Park.

The company's Chinese subsidiary, has signed a letter of intent with Shanghai Zhangjiang Hi-Tech Park to set up a software development campus in Shanghai at an investment of $ 10 million in the next two years, Infosys informed the Bombay Stock Exchange.