Is Infosys losing its charm?
It was an eventful year in the world of finance and business, one that actively involved all three actors: the government, people and even the common man. From violent employee agitations to controversial reform proposals and volatile economic indicators, we compile the twelve defining news events of 2012.
Of late, software giant Infosys is having a bad run and has been lagging its peers in terms of results, for some time now.
Cognizant Technology Solutions has reported higher revenues than Infosys for the second straight quarter. Cognizant expects revenue at $7.34 billion, while Infosys is likely to end this year with revenues of $7.18 billion.
The first Indian firm to be listed on Nasdaq, Infosys was started by N R Narayana Murthy along with Nandan Nilekani, N S Raghavan, S Gopalakrishnan, S D Shibulal, K Dinesh and Ashok Arora in 1981.
The departure of some key management personnel in recent times has also raised a few eyebrows.
Infosys has also been shaken by its competitors, Tata Consultancy Services and HCL Technologies apart from Cognizant. It is also reported that after 12 years, the company is planning to change its public relations agency possibly due to the negative publicity it has received in the media over the past year.
The first Indian firm to be listed on Nasdaq, Infosys was started by N R Narayana Murthy along with Nandan Nilekani, N S Raghavan, S Gopalakrishnan, S D Shibulal, K Dinesh and Ashok Arora in 1981.