The company said its board recommended a final dividend of Rs 16 per equity share for the financial year ended March 31, 2022
Second-largest IT exporter Infosys may hire more than 55,000 fresh graduates from campuses in FY23 as it sees a very good runway for growth going forward, says CEO Salil Parekh on Wednesday.
Revenue for the quarter was up 20 per cent to Rs 29,602 crore
There is no denying that Infosys must take a major part of the blame for the problem
The summon to Parekh was triggered by inaccessibility of the portal during the weekend due to some maintenance activities
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Salil Parekh told Nirmala Sitharaman that over 750 team members are working on this project and Pravin Rao, COO of Infosys, is personally overseeing this project
Taxpayers have since faced numerous problems accessing and using the portal since the day of its launch
"Since August 21, the portal itself is not available," the income tax department said
In a Q&A, Salil Parekh talks about the next phase of growth, sustaining this growth momentum and challenges in the Indian market
The company's Q1 consolidated revenue came in at Rs 27,896 crore, up 17.87 per cent YoY, as against Rs 23,665 crore posted in the June quarter of FY21
Analysts across the segment agree that Parekh's presence and focus on recharging the company has worked
FY22 revenue growth forecast at 12-14%
Even after a 164 per cent rally since its 52-week lows hit in March 2020, the Salil Parekh-led firm remains Credit Suisse top pick in the IT space
The company isn't trying to scale the solution commercially, is only showcasing it to various jurisdictions. Will be happy to help anyone who sees value in it
The firm believes the strategy it has put in place and investments it has made in the past couple of years will help it achieve the target sooner than later
All Vanguard staff currently performing relevant roles will be offered comparable positions at Infosys in close proximity to Vanguard's offices in Malvern, Charlotte, and Scottsdale
Infosys chairman Nandan Nilekani voluntarily chose not to receive any remuneration for his services, the report said
In comparison, Infosys' CEO Salil Parekh drew a pay package of $6.15 million (around Rs 40 crore) in the last financial year, a rise of 27 per cent over the previous fiscal.
Parekh said that as the situation improves, the company is 'extremely comfortable that we will emerge stronger'