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Infosys CEO Salil Parekh, others get stocks worth Rs 40 crore through ESOPs
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infosys esops: Infosys gives ESOPs worth Rs 40 crore to CEO Salil Parekh, others
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With localised hiring strategy gaining ground and the Covid-19 pandemic restricting travel, the overall dependence on visas among the top tier-1 IT services firm will come down further in the next two to three years, opine industry experts. While US President Joe Biden has signed executive orders that will reform the overall immigration system and also rescinded several acts announced by President Trump that impacted the IT industry, it seems the industry has finally found a way to reduce dependency on visas such as H1-B and L1.
Tata Consultancy Services (TCS), the largest IT services firm, has been working on hiring more locals for more than 6 to 7 years. The company, like its India hiring strategy, has been strengthening its tie-ups with colleges in the US and hiring college students. For the period April 2020 to January 2021 (experienced + trainee) the total onshore hirings stood at 10,938, of this over 3,000 were hired in the October-December quarter. The Q3 hiring number is
Infosys follows flag-waving US hiring spree with quieter Canadian and Mexican hiring spree
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Infosys, Wipro see sharp pick up in growth in Q3
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Infosys, Wipro see sharp pick up in growth in Q3
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BENGALURU: Like TCS, Infosys and Wipro too have posted their best sequential growth in about nine years in the third quarter ended December.
Clients’ demands for a digital overhaul of their businesses – to mitigate disruptions of the kind they suffered during the pandemic – is leading to a surge in orders for Indian IT services companies. It’s also enabling the latter to quickly lift themselves from the early pandemic lows.
In a seasonally weak quarter, which is marked by the holiday season and furloughs, Infosys grew by 5.3% sequentially, while Wipro grew by 3.4%, which nearly met the top end of its revenue guidance for the quarter. Year-on-year growth rates are significantly better than in the first two quarters, and look to be fast heading towards pre-Covid levels.