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outsourcing giant gets wobbles

 
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http://www.namesfacesplaces.com/html/view_news_article.asp?id_no=1665&photopage=0
 
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Infosys yesterday posted 31% increase in profits, and predicted it (increase in profit) to be less next year. Less profit is still profit!
 
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You should have seen their programme at electronics city.They inivited some Bollywood singers.Infy does not offer great salaries compared to others but it still holds some 'glamour' bcos of their selection process.They have hired Metallurgy/Aeronautics engineers(with good GPA) in the past with no formal computer training and gave them training.It has also rejected many computer engineers based on their GPA. One good thing about Infy is its honest management.When Phanish Murthy(former Sales Head in USA) was charged with sexual harrassment ,infosys immediately removed him from board.
 
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Infy indeed has a very fair, and ethics based management. They are very rigid in their way of thinking; but fair, objective and impartial in implementing policies most of the times!!
They are now giving 3 shares per share to their shareholders!
- Manish
 
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