Thank you for your attendance in the call. Volume grew by 3.1% from 2.1%. Upadhyay was moved from the position of CEO of Infosys BPO to Executive Vice President and Head of Strategic Sales Programme in May. There is overall uncertainty. All rights reserved. July 19, 2016 12:35:36 IST. Infosys Ltd's CEO Discusses F1Q 2012 Results - Earnings Call Transcript» One of the key change was adaptation of Design Thinking - thinking creatively to bring about solutions to business problems - in engaging with clients. Bigg Boss 14 Promo: Jaan Kumar Sanu's other side comes out, Nikki Tamboli to end their friendship? The complaint also mentions that some “critical information” has been hidden from the auditors and the board of the company. » Five large deals we have closed and one transmission deal. Hello. Try these 5 home remedies to say goodbye to the problem, Try these yoga asanas by Swami Ramdev to strengthen your lungs and deal with asthma, Moisturizing to healing, Know aloe vera’s 5 health benefits, FAU:G game's release timeline announced: Here's when it is launching in India, iPhone 12, iPhone 11 drop test: See which iPhone wins, Massive ransomware attack hits PTI, services resume: Know details, Google set to roll out dark mode on Chrome OS: See details, IPL 2020, Match 43: Bowlers help KXIP pull off incredible heist in Dubai against SRH, IPL 2020, Match 41: MI go top of the table with dominant 10-wicket win over CSK, Dabangg girl Saiee Manjrekar raises the mercury with latest Instagram photos, Durga Puja 2020: A look at pujo pandals from different cities | PHOTOS, Pushpam Priya Choudhary: Meet the UK return girl who aspires to become CM of Bihar. Now, with all this here continue to operate in a very uncertain environment. We saw very strong client addition. He also said it is no reflection of his strategy. Actually, interestingly enough, if you look at the nine month it has gone up by 6.1%. Right now this quarter, on an interim basis, it is 15.4%. Before I hand over to Infosys management, I would like to remind you that anything we speak which refers to our outlook for the future is forward-looking statement and must be read in conjunction with the risks that the company faces. © 2009-2020 Independent News Service. Last year this quarter, it was 17.4%. The disappointment has resulted in a reshuffle in the company’s top deck, with Anup Uppadhayay, a veteran who served the company for 22 years, tendering his resignation. Europe, it’s all good growth, life science and healthcare has grown above our average. Urvashi Dholakia shares unseen photos from Neha Kakkar, Rohanpreet Singh's wedding. Infosys Limited (NYSE:INFY)F3Q 2012 Earnings Conference CallJanuary 11, 2012 3:30 AM ESTExecutivesAvishek Lath – IRS.D. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison. So, good afternoon, everyone. Shares of Infosys were down nearly 9%. And they start taking the business when they start spending much more aggressively, we will be the partner of choice. Before that, Infosys lost senior executive such as Rajiv Bansal, Samson David, Manish Tandon and Anup Upadhyay to name a few. Recently, Ritika Suri, Executive vice president and Yusuf Bashir, MD of Innovation Fund along with Sandeep Dadlani, president and head – MRCL, quit the company to pursue other interests. Sikka has attributed the poor show to execution failure in certain sectors. In the last two years, Infosys has seen exits in Sanjay Jalona, Michael Reh, Samson David, Manish Tandon, Ronald Hafner and Anup Upadhyay. Infosys' CEO Discusses F3Q 2012 Results - Earnings Call Transcript Log In Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. (Operator Instructions) Please note that this conference is being recorded. After the disappointing April-June earnings that took the sheen off Infosys, CEO Vishal Sikka seems to be moving quickly to fix the gaps. Thanks, Manita. Good afternoon, ladies and gentlemen. Infosys' CEO Discusses F3Q 2012 Results - Earnings Call Transcript. There is currency volatility. Infosys veteran Anantha Radhakrishnan, who was the COO of the BPO business, has been appointed CEO. Infosys BPO has promoted its chief operating officer (COO) Anantha Radhakrishnan to the position of CEO, asking the incumbent chief executive Anup Upadhyaya to join the parent company. Upadhyay was appointed as Executive Vice President and Head of Strategic Sales Programme in May from the position of CEO of Infosys BPO. Hairfall due to COVID stress? "The wrong response to this, as I have been saying, is a downward spiral -- use cheaper and cheaper people and jam them more into projects faster and faster. The right response is to transform towards innovation," he told ToI in an interview. Ritika Suri, senior vice-president, corporate development and ventures, will take over the large deals work, which will include the strategic global sourcing programme. Attrition came down on a yearly basis. Infosys Limited's CEO Discusses F2Q 2012 Results - Earnings Call Transcript» Another report in The Economic Times said the company also witnessed one more exit from the top level as Anup Uppadhayay, a veteran who served the company for 22 years, left. © 2020 TheStreet, Inc. All rights reserved. It’s not a very encouraging future guidance and we can’t even write this off as a one-off weak performance,” said Thomas George, senior vice president, CyberMedia Research, told Bloomberg. Infosys' CEO Hosts Shareholder Analyst Call - Conference Call Transcript» It is time for Sikka to prove that he indeed deserves it. However, the April-June numbers show that the turnaround may not have happened just yet. We have $300 million of PCB signed up and five deals in (inaudible) and this is sort of consumers have been signed up this quarter. As a reminder, for the duration of this presentation all participant lines will be in the listen-only mode. Get technology news, gadgets reviews & ratings. We will start with a brief statement on the performance of the company during the quarter ended December 31, 2011, outlook for the quarter and the year ending March 31, 2012, and subsequently we can open up the discussion for Q&A. “The numbers are disappointing and they are going to face a challenge getting back to the driver’s seat in the remaining three quarters. Year-on-year, our pricing has gone up by 5%, that means on a year-on-year basis, we have been able to bypass the revenue collection with the increase. Aaj Ki Baat: Which political party goaded farmers to burn PM's effigies in Punjab, Haryana? Our pricing is stable. And that is what we are seeing by adding 120 new clients. Good afternoon, everybody. Find latest and upcoming tech gadgets online on Tech2 Gadgets. Ladies and gentlemen, good day and welcome to the Infosys Earnings Conference Call. We had a pretty good quarter. Client addition has been very strong. Sikka, who joined the company two years back, had brought about many changes to boost employee morale and the latest reorganisation of the top management is being viewed as another attempt in the same direction. This quarter has been a challenging –, Read the rest of this transcript for free on seekingalpha.com. The company on Friday posted a 4.5 percent on-quarter fall in consolidated net profit to Rs 3,436 crore for the first quarter of 2016-17 and slashed full-year revenue guidance to 10.5-12 percent in constant currency terms. Thank you, and over to you, sir. Besides the exit of Uppadhyay, there have been some other major changes effected in the roles to top executives. The consolidated revenue for the quarter was up just 1.4 percent on quarter at Rs 16,782 crore. Two of the large deals are $500 million-plus including rebates, and a couple of them are in Europe, which again shows that our investment in Europe is starting to pay dividends. In April Infosys forecast revenue growth of 11.8-13.8% in actual currency terms for the 2016-17 fiscal and by 11.5-13.5% in constant currency terms.
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