Infosys - Wikipedia, the Free Encyclopedia Infosys from Wikipedia, the Free Encyclopedia

12/10/13 Infosys - Wikipedia, the free encyclopedia Infosys From Wikipedia, the free encyclopedia

Infosys Limited Infosys (formerly Infosys Technologies) is an Indian multinational provider of business consulting, information technology, software engineering and outsourcing services. It is headquartered in Bengaluru, Karnataka.[3] Infosys is the third-largest India-based IT services company by 2012 revenues,[4] and the second largest employer of H-1B [5] visa professionals in the United States, as of 2012. On 28 March Type Public 2013, its market capitalisation was $30.8 billion, making it India's sixth Traded as BSE: 500209 largest publicly traded company.[6][7] (http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx? scripcode=500209) NSE: INFY Contents (http://www.nseindia.com/marketinfo/companyinfo/companysearch.jsp? cons=INFY§ion=7) 1 History NYSE: INFY (http://www.nyse.com/about/listed/lcddata.html?ticker=infy) 1.1 Listings BSE SENSEX Constituent 2 Operations CNX Nifty Constituent 2.1 Locations 2.2 Products and Services Industry IT services, 3 Acquisitions Founded 1981 4 Current shareholding Founder(s) N. R. Narayana Murthy 5 Initiatives Nandan Nilekani 6 Employees N. S. Raghavan 6.1 List of CEOs S Gopalakrishnan 7 Awards and recognitions S D Shibulal 8 Controversies K Dinesh 8.1 Allegations of Visa Fraud Ashok Arora 9 See also 10 References Headquarters Electronics City, Bangalore, Karnataka, India 11 External links Area served Worldwide en.wikipedia.org/wiki/Infosys 1/10 12/10/13 Infosys - Wikipedia, the free encyclopedia

Key people N. R. Narayana Murthy History (Executive Chairman) S. D. Shibulal INFOSYS was co-founded in 1981 by N. R. Narayana Murthy, (CEO & MD) Nandan Nilekani, N. S. Raghavan, S. Gopalakrishnan, S. D. Shibulal, K. S. Gopalakrishnan Dinesh and Ashok Arora after they resigned from Patni Computer (Executive Vice Chairman, former Co-Chairman) Systems. The company was incorporated as "Infosys Consultants Pvt Products List Ltd." with a capital of Rs 10000(roughly $250) in Model Colony, Pune US$ 7.39 billion (2013)[1] as the registered office and signed up its first client, Data Basics Revenue Corporation, in New York. In 1983, Infosys corporate headquarters Operating US$ 1.90 billion (2013)[1] was relocated to Bangalore. income Change in name: It changed its name to "Infosys Technologies Private Profit US$ 1.72 billion (2013)[1] Limited" in April 1992. It changed its name to "Infosys Technologies Limited" when it became a public limited company in June 1992. It was Total assets US$ 8.53 billion (2013)[1] [8] later renamed to "Infosys Limited" in June 2011. Total equity US$ 7.33 billion (2013)[1] On 1 June 2013, Mr. Narayana Murthy, one of the founding members of Employees 160,227 (September 2013)[2] Infosys and its long time CEO, returned from his retirement to assume office in Infosys as its Executive Chairman.[9][10] Divisions Infosys BPO Lodestone Management Consultants Listings Website infosys.com (http://infosys.com/)

Infosys made an initial public offer (IPO) in March 1993 with an offer price of Rs. 98 per share against book value of Rs. 10 per share. The Infosys IPO was under-subscribed but it was "bailed out" by US investment banker Morgan Stanley which picked up 13% of equity at the offer price.[11] Its shares were listed in stock exchanges in June 1993 with trading opening at Rs. 145 per share.[12] In October 1994, it made a private placement of 5,50,000 shares at Rs. 450 each against book value of Rs. 10 per share to Foreign Institutional Investors (FIIs), Financial Institutions (FIs) and Corporates. In March 1999, it issued 2,070,000 ADSs (equivalent to 1,035,000 equity shares of par value of Rs. 10 each) at US $34 per ADS under the American Depositary Shares Program and the same were listed on the NASDAQ National Market in US. The total issue amount was US $70.38 million. The share price surged to Rs. 8,100 by 1999 making it the costliest share on the market at the time. At that time, Infosys was among the 20 biggest companies by market capitalization on the NASDAQ.[11] During July 2003, June 2005 and November 2006, it made secondary ADS issues of US $294 million, US $1.07 billion and US $ 1.605 billion respectively. In December 2012, Infosys transferred the listing of its American Depositary Shares (ADS) from the NASDAQ to the NYSE.[13] The credit rating of the company is BBB+ (given by Standard & Poor's on 7-May-2010. en.wikipedia.org/wiki/Infosys 2/10 12/10/13 Infosys - Wikipedia, the free encyclopedia Operations

On 31 March 2013, Infosys had 798 clients across 30 countries.[3][14] It earns 62% of its revenue from North America, 23% from Europe, 2% from India and remaining 13% from rest of the world.[14]

Locations

Infosys has 87 global software development centers of which 32 are in India and 55 are outside India. It has 69 sales offices around the world of which 2 are in India and 67 are outside India.[15]

In recent years, Infosys has begun shifting operations to the United States and other countries outside of India. In 2012, Infosys announced a new office in Milwaukee, Wisconsin to service Harley-Davidson, being the 18th international office The Headquarters of Infoys is located [16] [17] in the United States. Infosys hired 1,200 United States employees in 2011, and expanded the workforce by an in Bengaluru additional 2,000 employees in 2012. [17] Globally, Infosys has 67 offices across US, India, China, Australia, Japan, Middle East, United Kingdom, Germany, France, Switzerland, Netherlands, Poland, Canada. [18]

Products and Services

Acquisitions

In December 2003, Infosys had acquired Australia-based IT service provider Expert Information Services for $23 million.[19][20] In December 2009, Infosys BPO acquired Atlanta-based McCamish Systems for about $38 million.[21] In January 2012, Infosys BPO acquired Australia-based Portland Group, provider of strategic sourcing and category management services, for about AUD 37 million.[22][23] In September 2012, Infosys acquired Switzerland-based Lodestone Management Consultants for about $345 Glass building in Pune campus million [24] Current shareholding

As of 30 June 2013:

en.wikipedia.org/wiki/Infosys 3/10 12/10/13 Infosys - Wikipedia, the free encyclopedia Shareholders Shareholding[25] Promoters group 16.04% Life Insurance Corporation of India 06.72% Aberdeen Asset Management PLC 03.89% Abu Dhabi Investment Authority 02.35% Oppenheimer Developing Markets Fund 02.13% Financial Institutions and Individual investors 68.87% Total 100.00% A building in Thiruvananthapuram campus Initiatives

Infosys Foundation In 1996, Infosys established the Infosys Foundation, to support the underprivileged sections of society.[26] At the outset, the Infosys Foundation implemented programs in Karnataka. It subsequently covered Tamil Nadu, Andhra Pradesh, Maharashtra, Odisha, and Punjab in a phased manner. A team at the Foundation identifies programs in the areas of Healthcare, Education, Culture, Destitute Care and Rural Development.[27] Academic Entente Infosys' Global Academic Relations team forges Academic Entente (AcE) with academic and partner institutions.[28] It explores co-creation opportunities between Infosys and academia through case studies, student trips and speaking Main block in Chennai campus engagements. They also collaborate on technology, emerging economies, globalization, and research. Some initiatives include research collaborations, publications, conferences and speaking sessions, campus visits and campus hiring.[29] Infosys Labs Infosys Labs is organized as a global network of research labs and innovation hubs.[30]

Infosys Labs collaborates with leading national and international universities such as the University of Southern California Viterbi School of Engineering,[31] University of Cambridge, Queensland University of Technology,[32] University of Illinois at Urbana Champaign, Indian Institute of Technology Bombay, IITB- Monash Research Academy, Purdue University,[33] International Institute of Information Technology, Bangalore.[34]

eIn.nwifkiopesdiya.osrg P/wikri/iInzfoesys 4/10 12/10/13 Infosys - Wikipedia, the free encyclopedia Infosys Prize Infosys Prize is an annual award given to scientists, researchers, engineers and social scientists in India. It is given by the Infosys Science Foundation, a not-for- profit trust which was set up in February 2009 by Infosys and some members of its Board. The prize is given under six categories. Each category includes a gold medallion, a citation certificate, and prize money of Rs. 50 Lakh. Employees

Infosys has a total of 160,000+ employees as of September 30, 2013. Its workforce consists of employees representing 89 nationalities working from 32 countries.[35] Out of its total workforce, 79% are software professionals, 15% are working in its BPO arm and remaining 5% work for support and sales.[14] The attrition rate of Infosys Ltd., excluding its subsidiaries, for 12 months ending 31 March 2013, was 16.3%.[14] During FY 2012-13, Infosys received 378,994 applications from prospective employees and had a gross addition of 37,036 employees.[36]

Training Centre in Mysore As the world's largest corporate university, the Infosys global education centre in the 340 acre[37][38] campus has 500 instructors and 200 classrooms, with international benchmarks at its core.[39] Established in 2002, it had trained around The Development Center in Mysore 100,000 engineering graduates by June 2012.[39] It can train 12,000 employees with 3 batches of 4000 employees for 4 campus months each.[40][41] Infosys Leadership Institute (ILI) ILI based in Mysore has 96 rooms and trains about 400 Infoscians annually to become 'leaders'.[41]

List of CEOs

Name Period N. R. Narayana Murthy 1981 to March 2002 Nandan Nilekani March 2002 to April 2007 S Gopalakrishnan April 2007 to August 2011 S D Shibulal August 2011 till now

Awards and recognitions en.wikipedia.org/wiki/Infosys 5/10 12/10/13 Infosys - Wikipedia, the free encyclopedia Infosys was ranked #19 amongst the world's most innovative companies by Forbes.[42]

The company was ranked number oneamong the best managed companies in Asia Pacific in the annual Euromoney BestManaged Companies in Asia survey, 2013 and named a leader in The ForresterWave™: Enterprise Mobility Services, Q1 2013 report.[43]

The company also won the Oracle Excellence Award for Specialized Partner of the Year – North America in both Financial Management and Human Capital Management categories, at Oracle OpenWorld2012.[44]

Boston Consulting Group has listed it in the list of top ten technology companies for total shareholder return.[45] Infosys was in the list of top twenty green companies in Newsweek's Green Rankings for 2012.[46]

It has been voted India's most admired company in The Wall Street Journal Asia 200[47] every year since 2000. The company's corporate governance practices were recognized by The Asset Platinum award[48] and the IR Global Rankings.[49] Infosys was also ranked as the 15th most trusted brand in India by The Brand Trust Report.

Infosys Cloud Ecosystem Hub won the 2012 Golden Peacock Award for the most innovative product/service.[50] Controversies

Allegations of Visa Fraud

In 2011, Infosys was accused of committing visa fraud by using B-1 (visitor) visas for work requiring H-1B (work) visas. The allegations were initially made by an American employee of Infosys in an internal complaint. He subsequently sued the company, claiming that he was harassed and sidelined after speaking out. Although that case was dismissed,[51] it along with another similar case,[52][53][54] brought the allegations to the notice of the US authorities - and the U.S. Department of Homeland Security and a federal grand jury started investigating.[55] In October 2013, Infosys agreed to settle the civil suit with US authorities by paying US$ 34 million.[56] Infosys refused to admit guilt and stressed that it only agreed to pay the fine to avoid the nuisance of 'prolonged litigation'.[57] In its statement the company said "As reflected in the settlement, Infosys denies and disputes any claims of systemic visa fraud, misuse of visas for competitive advantage, or immigration abuse. Those claims are untrue and are assertions that remain unproven."[58] See also

List of IT companies in India en.wikipedia.org/wiki/Infosys 6/10 12/10/13 Infosys - Wikipedia, the free encyclopedia List of companies of India List of acquisitions by Infosys BPO Limited References

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External links

Official website (http://www.infosys.com/) Official blog (http://infosysblogs.com/) Infosys's channel (https://www.youtube.com/user/Infosys) on YouTube

Business data

Infosys Ltd (https://www.google.com/finance?q=INFY) at Google Finance Infosys Ltd (http://finance.yahoo.com/q?s=INFY) at Yahoo! Finance Infosys Ltd (http://www.hoovers.com//--ID__10796--/free-co-factsheet.xhtml) at Hoover's Infosys Ltd (http://www.reuters.com/finance/stocks/overview?symbol=INFY) at Reuters Infosys Ltd (http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1067491) SEC filings at the Securities and Exchange Commission en.wikipedia.org/wiki/Infosys 9/10 12/10/13 Infosys - Wikipedia, the free encyclopedia Retrieved from "http://en.wikipedia.org/w/index.php?title=Infosys&oldid=584338261" Categories: BSE SENSEX Companies established in 1981 Software companies of India Companies listed on the Bombay Stock Exchange Outsourcing companies Information technology companies of Bangalore Companies based in Bangalore International information technology consulting firms Information technology consulting firms of India Infosys Multinational companies headquartered in India Companies listed on the New York Stock Exchange S&P CNX Nifty Outsourcing Outsourcing in India

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