Infosys to sell Panaya

Infosys Q4 net profit falls 28% sequentially to Rs 3690 cr; buys digital creative WongDoody Holding for $75 mn

It has also initiated an identification and evaluation of potential buyers for its subsidiaries, Kallidus and Skava and Panaya. "We will execute our strategy around the four pillars of Scaling our Agile Digital business which is today Dollars 2.79 billion in revenue, Energizing our client's Core technology landscape via AI and automation, Re-skilling our employees, and Expanding our localization in markets such as US, Europe, and Australia".

Infosys forecast 6 to 8 percent revenue growth for the year to March in constant currency terms, which was in line with expectations, local brokerage KotaK Securities said in a flash note after the results.

Infosys on Friday forecast its revenue in the current fiscal year would rise by 6 to 8 per cent as India's second-biggest software services exporter said it would pay shareholders a special dividend.

INKED DIGITAL DEALS WORTH OVER $3 BILLION The company will rely on artificial intelligence and automation to win digital deals, reskill employees and hire more locals in markets such as US, Europe, and Australia.

"Our operating margins during the quarter and fiscal 2018 were resilient due to unwavering focus on productivity and operational efficiency, leading to a robust cash generation".

Infosys reported quarter-on-quarter (QoQ) growth of 0.6 percent in constant currency and 1.8 percent in reported terms. "It will be effective July 1, 2018, and it is for both onsite and offshore employees", Infosys COO Pravin Rao told reporters. The company expects the sale to be completed by March 2019.

Paper license plates get security redesign amid fraud increase
Fines, parking fees and registration costs can be automatically billed via the smart plate and its associated electronic wallet. Dubai officials also plan for self-driving cars to make up 25 percent of all trips in the city by 2030.

Sea of Thieves charts 5 updates with new mechanics in 2018
The Hungering Deep , the game's first content update, will be released in May along with a new AI threat and event. Rare is calling the first add-on The Hungering Deep , and it plans to roll out it out in early May.

Britain official: Russian Federation spied on Yulia Skripal's emails for 5 years
Among the techniques they had investigated for delivering nerve agents was applying them to door handles, he said. The Foreign Ministry says that it is Russia's response to Georgia's previous decision over the Skripal case.

Later in October, the Infosys board - under its new chairman Nandan Nilekani - gave a clean chit to the controversial Panaya acquisition, saying there was no merit in the allegations of wrongdoing.

Sikka, who joined Infosys from German software giant SAP SE in 2014, resigned previous year, blaming a "continuous drumbeat of distractions" and a long-running row with the founders over company strategy. Unlike Sikka - who hired a number of executives many from his former employer German software maker SAP - Parekh has preferred to harness the existing leadership at Infosys to build his business.

"Accordingly, assets amounting to Rs 2,060 crore (USD 316 million) and liabilities amounting to Rs 324 crore (USD 50 million) in respect of the disposal group have been reclassified and presented as "held for sale", Infosys said. "We are continuing to look to what will fit into the digital framework", Salil Parekh, MD & CEO of Infosys said.

The new capital allocation policy has promised a payout of about Dollars 2 billion to shareholders.

The company reported 28.1 per cent sequential decline in consolidated net profit to Rs 3,690 crore for the fourth quarter in rupee terms. Ranganath said the firm was generating higher margins in digital deals and is looking to sustain this over the coming months.

Related News:

  • Trump has not yet made 'final decision' on Syria: WHouse

    Trump has not yet made 'final decision' on Syria: WHouse

    The World Health Organization said about 500 patients showed signs of exposure to toxic chemicals following the Douma attack. But U.S. intelligence agencies have not completed their assessment or reached a final conclusion, the officials said.
    Fight to Replace Ryan Could Blow Up Budget Deal

    Fight to Replace Ryan Could Blow Up Budget Deal

    Jim Jordan, a founding member of the House Freedom Caucus, told reporters he'd be interested in exploring a run for Speaker . Kevin McCarthy (L) (R-CA) speaks during a press conference on Capitol Hill September 26, 2017 in Washington , DC.
    Malaysia's IHH Healthcare tops Manipal Hospital's bid for Fortis

    Malaysia's IHH Healthcare tops Manipal Hospital's bid for Fortis

    The deal is critical for Manipal to expand its presence in the growing hospitals business beyond south India. Meanwhile a statement from the Fortis Healthcare said that the proposal is under evaluation by the company.
  • Nazem Kadri suspended three games for boarding Tommy Wingels

    Nazem Kadri suspended three games for boarding Tommy Wingels

    The loss of Kadri for three games is a big blow to a Maple Leafs team that dropped Game 1 by a score of 5-1. But he ended up falling and reaching for the puck, and I'm not sure what happened after that".
    Panovich: Carolinas could see severe weather Sunday

    Panovich: Carolinas could see severe weather Sunday

    A line of storms are expected to move across the region by 5-8 a.m. and move east toward I-65 by late Saturday afternoon. Temperatures will be a good 10-15 degrees above normal, fueled by strong south winds averaging 15-30 miles per hour .
    Peerless Semenya denies Kenya gold in women's 800m

    Peerless Semenya denies Kenya gold in women's 800m

    Canada's Alysha Newman set a games record 4.75m to win the pole vault, with a mark 5cm higher than McCartney. South Africa won the first heat with Akani Simbine overtaking Australia over the last 50 meters.
  • Body cam footage of police interaction with YouTube shooter released

    Body cam footage of police interaction with YouTube shooter released

    Aghdam was reportedly offended with the YouTube because of it had stopped paying her for her motion pictures. Asked why she came to Mountain View, Aghdam said that she wanted to start a new life away from San Diego.
    Seahawks Sign Kicker Sebastian Janikowski

    Seahawks Sign Kicker Sebastian Janikowski

    He did not play last season after being placed on injured reserve with a back issue that surfaced late in the preseason. Earlier this week, Seahawks general manager John Schneider said Janikowski was planning to visit Seattle .
    Xi pledge to cut import tariffs 'not a concession' to US - Beijing

    Xi pledge to cut import tariffs 'not a concession' to US - Beijing

    Vice President Mike Pence, said he wants the United States to make it clear China's involvement in the region was unacceptable. Pat Roberts, R-Kan., chairman of the Senate Agriculture Committee, said at a meeting of agricultural reporters in Washington.
  • Google loses 'right to be forgotten' case

    Google loses 'right to be forgotten' case

    Some 669,355 requests for links to be removed from the search engine results have been made to Google since the ruling. Both men demanded that Google remove search results mentioning the cases for which they were convicted.
    House catches fire in Chesapeake, leaves four displaced

    House catches fire in Chesapeake, leaves four displaced

    The Athens City Fire Department responded to the fire in the 700 block of East Madison Avenue just after 8:15 pm. The Midland County Volunteer Fire Department says they are aren't taking any chances the next two days.
    Child's Body Found Along NorCal River In Search For Missing Family

    Child's Body Found Along NorCal River In Search For Missing Family

    The California Highway Patrol developed information this family were traveling in a family vehicle, a 2016 maroon Honda Pilot. The family was reported missing on April 8 by a relative in San Jose who had expected them to arrive two days earlier.


Most liked

Premier League Will Not Adopt VAR Next Season
The Premier league clubs approved for the test run to be continued using the FA cup and the Carabao cup within the season. I think the ruling is "clear and obvious" and it's not.

Oil surges as China calms trade war jitters
US WTI crude futures were at $67.010 a barrel , up 28c or 0.4% from their last settlement. Crude oil inventories were significantly higher than estimates (+3.3m vs. -0.2m expected).

National Guard troops headed for West Texas to restore 'control'
In this frame from a video, a member of the National Guard watches over Rio Grande River on the border in Roma, Texas, on Tuesday. Meanwhile, the first members of the National Guard in Texas have already made their way to the U.S-Mexico border.

Man On Trial For Death Of Pregnant Woman Accused Of Threatening Prosecutor
When the two men neared the kitchen, Poucette said she grabbed a knife and advanced toward her husband who was behind her cousin. Temple Phipps was seated next to Samantha Snipes on the flight and the two women began to chat.

May and Trump agree use of chemical weapons must not go unchallenged
He noted that establishing deterrence against use of such weapons represented "a vital national security interest of the US". Syrian President Bashar al-Assad in a photo released by the official Facebook page of the Syrian Presidency on March 18.

NBA Playoffs Preview: Cleveland Cavaliers vs Indiana Pacers, SWOT Analysis & Prediction
IN has played up to their competition all year, a big reason as to why they finished the regular season 14 games above.500. Hill played on those Pacers teams that were eliminated in three straight postseasons by James and the Miami Heat.

Star Wars Battlefront 2's Next Update Lets You Play As An Ewok
The first is in the same style as the Night on Endor Update that we're releasing on April 18th, and the second is Seasons. If the Empires forces have been completely eliminated, the Ewoks win and their celebration can begin.

Blood samples show nerve agent, chlorine in Syria gas attack
Asked about the risks of U.S. military retaliation, Mattis cited two concerns, starting with avoiding civilian casualties. Trump had on Monday warned of a quick, forceful response once responsibility for the attack was established.

The IG report on McCabe
Before firing McCabe, Trump had zeroed in on contributions a political group aligned with then-Virginia Gov. Terry McAuliffe (D) made to McCabe's wife's unsuccessful campaign for state senator in 2015.

Princess Anne visits her father Prince Philip in hospital
Prince Philip has thanked well-wishers after being discharged from hospital following his hip operation. At the time, a royal spokesman said the duke had been experiencing some "trouble with his hip".

Crosby's hat trick pushes Penguins past Flyers
They also had a staggering 24 shots blocked. "But Wayne (Simmonds) and Jake and (Sean Couturier). we've had success here". That included four assists in four games against the Penguins, but he's looking for even more in the postseason.

They will be coming: US President Donald Trump's missile threat to Russian Federation
However Mrs May faces growing impatience from Washington , where President Donald Trump tweeted the missiles "will be coming". But she had also made clear the president was holding both Syria and Russian Federation responsible for the attack.

Summerville Superintendent Griffith Will Retire At End Of School Year
Students from all Florence One high schools, district officials and state representatives joined in on the conversation. He'll be paid $1,000 a day, up to $43,000, and will be reimbursed no more than $12,000 in travel and lodging expenses.

Blizzard warnings and watches posted for much of Nebraska
Current weather forecasts predict blizzard conditions in much of Northwest Kansas Friday through Saturday . The K-State Parachute Club 3K Day has also been cancelled for Saturday because of weather conditions.

Police called to hospital protest for terminally ill boy Alfie Evans
The judge described Alfie's life as "profoundly unfair" but accepted medical evidence that showed further treatment was futile. They hope that specialists at Rome's Bambino Gesu Paediatric Hospital will be able to pinpoint what is wrong with their child.