Changes

Jump to: navigation, search

Timeline of Infosys

41 bytes added, 08:37, 17 October 2019
no edit summary
| 2006 || March || || {{w|Fortune}} magazine visits Infisys GEC and reports that gaining admission to the "Taj Mahal of training centers" is harder than getting into {{w|Harvard}}, with only 1% of applicants being selected at Infosys from over 1.3 million, as opposed to 9% of Harvard.<ref name="History of Infosys"/>
|-
| 2006 || || Leadership || "Murthy steps down as chairman after 25 years at the helm of the firm after reaching the company’s retirement age of 60, continues as non-executive chairman and mentor."<ref name="TIMELINE-Key events for Infosys since inception"/>
|-
| 2006 || July || Recognition || Infosys is included in the {{w|NASDAQ}} Global Select Market, a new market tier with the highest listing standards in the world.<ref name="History of Infosys"/>
| 2012 || || || "Says under scrutiny from U.S. Department of Homeland Security for likely errors in employer eligibility documents of its staff working in the United States."<ref name="TIMELINE-Key events for Infosys since inception"/>
|-
| 2014 || || Leadership || " Vishal Sikka replaces Mr. Shibulal as the first non co-founder CEO. The board of directors hike the dividend pay-out ratio to up to 40% of post-tax profits. Four of the company's co-founders sell shares worth $1.1 billion, cashing in on gains accrued after the stock value surged 20% since Mr. Sikka’s appointment. In December 2014, the company gifts Apple iPhone 6s smartphones to top 3,000 employees in a bid to curb the high rates of attrition in the software industry."<ref name="The Infosys timeline"/>
|-
| 2014 || July || || "In July 2014, Infosys started a product subsidiary called {{w|EdgeVerve Systems}}, focusing on enterprise software products for business operations, customer service, procurement and commerce network domains."<ref>{{cite news|title=Edgeverve is born|url=http://wap.business-standard.com/article/companies/infy-s-edgeverve-moves-out-of-parent-s-shadow-114111700414_1.html|accessdate=11 December 2015|newspaper=Business Standard|date=November 17, 2014}}</ref>
|-
| 2015 || || Acquisition || " Infosys acquires Panaya Inc., Skava and Noah Consulting LLC. The company pledges $250 million to its 'Innovate in India' fund to foster fledgling start-ups. In February 2015, the Infosys board more than doubles Mr. Sikka's compensation to $11 million. Rajeev Bansal, CFO, resigns to join cab-aggregator, Ola. His severance pay is set at ₹23.02 crore."<ref name="The Infosys timeline"/>
|-
| 2015 || March || Acquisition || Infosys acquires Israeli automation technology provider Panaya, for US$200 million.<ref>{{cite web | title=Infosys buys automation technology startup Panaya, deal valued at Rs 1200 crore |work=The Economic Times |url=http://economictimes.indiatimes.com/tech/ites/infosys-buys-automation-technology-startup-panaya-deal-valued-at-rs-1200-crore/articleshow/46258808.cms |date=17 Feb 2015 |accessdate=7 October 2017}}</ref><ref>{{cite web | title=Infosys' $200&nbsp;million Israeli software company Panaya is in the eye of the storm |work=The Economic Times |url=http://economictimes.indiatimes.com/tech/ites/infys-200-m-israeli-software-panaya-the-eye-of-the-storm/articleshow/57116308.cms |accessdate=15 September 2019}}</ref>
| 2019 || January || Acquisition || Infosys acquires U.S. advertising and creative strategy services provider WongDoody, for US$75 million.<ref>{{Cite web|url=http://www.wongdoody.com/work/wongdoody-joins-infosys/|title=Wongdoody Joins Infosys|website=www.wongdoody.com|access-date=15 September 2019}}</ref>
|-
| 2019 || March 29 || Financial || "On March 29, 2019, its Infosys' {{w|market capitalization}} was stands at US$46.52&nbsp;billion."<ref>{{Cite web|url=https://ycharts.com/companies/INFY/market_cap|title=Infosys Market Cap (INFY) – YCharts|date=2019-06-20|website=Ycharts.com|access-date=15 September 17 October 2019}}</ref>
|-
| 2019 || March || Personnel || As of date, Infosys has a total of 228,123 employees, out of which 37% are women.<ref name="InvestorSheet">{{Cite web|url=https://www.infosys.com/investors/reports-filings/Documents/investor-sheet.xls|title=Investor Sheet |publisher=infosys.com |access-date=15 September 2019}}</ref> Out of its total workforce, 79% are software professionals, 16% are working in its BPM arm and remaining 5% work for support and sales.<ref name="InvestorSheet"/>
|-
| 2019 || April || Acquisition || Infosys acquires Netherlands-based mortage services provider Stater N.V., for EUR 127.5 million.
62,637
edits

Navigation menu