Infosys' profit grows on cost cutting, offshore work
Indian outsourcer Infosys saw its profit rise in the fourth quarter as a result of cost cutting and productivity improvement measures, including doing more work offshore in India.
Indian outsourcer Infosys saw its profit rise in the fourth quarter as a result of cost cutting and productivity improvement measures, including doing more work offshore in India.
The U.S. alleges that offshore outsourcing giant Infosys violated visa laws to increase its profits, reduce visa expenses and avoid tax liabilities, in a settlement announced today.
Indian outsourcer Infosys has agreed to pay US$34 million to the U.S. to resolve all allegations about the misuse of visas to get Indian staff to work in the U.S.
Indian outsourcer Infosys said its use of B-1 visas in the U.S. was for legitimate business purposes and was not designed to circumvent the requirements of the H-1B visa program.
The U.S. Dept. of Justice is expected to announce on Wednesday a resolution to a long-standing visa case involving Indian outsourcer Infosys, an official has confirmed.
One of the largest users of H-1B visas, Infosys, is facing a federal class action discrimination lawsuit filed against it by four people, and may be close to reaching a potential multimillion dollar settlement with the U.S. government over allegations it misused visitor visas.
After a rollercoaster ride, tech stocks rebounded toward the end of the week following reports of a possible compromise on the political impasse over the U.S. budget.
Indian outsourcer Infosys saw profit decline even as revenue grew in the third quarter, as a result of an increase in salaries and a provision for a visa investigation in the U.S.
Northeast Utilities in Connecticut Tuesday confirmed that it plans to turn over part of its IT operations to two India-based outsourcing firms, despite a recent push by state lawmakers to keep it from doing so.
Some state governments are willing to hire offshore outsourcing firms to work on controversial IT contracts that don't bar use of temporary foreign labor, or workers on H-1B visas.
A Wisconsin IT professional has filed a lawsuit against Indian outsourcing firm Infosys alleging that the company discriminates against U.S. job applicants in favor of South Asians for jobs in the U.S.
Infosys posted strong revenue growth in the second quarter as demand picked up in key markets including the U.S.
Infosys recently announced that it won a $49.5 million contract to develop a health benefit exchange for the District of Columbia. It is one of the larger government contracts won by an offshore outsourcing firm, but it's unclear whether any of the work will be done overseas.
The Open Data Center Alliance, a customer group that shares tips about Cloud deployments and tries to nudge vendors into supplying the products they want, has added Big Data to the list of IT topics it covers.
Infosys' co-founder and first CEO N. R. Narayana Murthy has returned to the company as executive chairman, amid concerns that the outsourcer's performance has not been as good as that of some of its Indian peers.