Infosys Consulting
{{Short description|Management and IT consulting company}}
{{Use dmy dates|date=August 2024}}
{{EngvarB|date=August 2024}}
{{Infobox company
| name = Infosys Consulting
| logo = Infosys Consulting logo.svg
| caption =
| genre =
| foundation = {{start date and age|2004}}.{{cite web |url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=25835311|title=Bloomberg Snapshot: Infosys Consulting |publisher= Bloomberg|access-date=3 February 2017}}
| founder =
| location_city = London
| location_country = United Kingdom
| location =
| key_people = Andrew Duncan
(CEO & Managing Partner)cite web |url=https://www.infosys.com/services/consulting/leadership.html
| area_served = Globe
| industry = Management Consulting Services
| products = Automotive, Consumer Packaged Goods, Energy, Financial Services, Healthcare, High-Tech, Industrial Manufacturing, Insurance, Life Sciences, Retail, Telecommunication and Utilities Services, Resources
| services = Enterprise Change, Enterprise Design, Enterprise Insights{{Cite web |title=Know Our Global Leadership Team in The Consulting Practice |url=https://www.infosys.com/services/consulting/leadership.html |access-date=2024-05-14 |website=www.infosys.com}}
| revenue =
| operating_income =
| net_income =
| num_employees = Estimated 6,100 in 2015{{cite web |url=http://www.livemint.com/Companies/4LfVsa2ddSvjTaKYrLUPVI/Infosys-revamps-its-consulting-business.html |title= Infosys revamps its consulting business|date= 4 March 2015|publisher= LiveMint|access-date=16 February 2017}}
| parent = Infosys
| divisions =
| subsid =
| owner =
| homepage = [https://www.infosys.com/consulting/ infosys.com/consulting]
| dissolved =
| footnotes =
}}
Infosys Consulting is a management consulting, IT consulting practice within the larger Infosys organization which works in strategy, IT transformation, change management and business analytics. Infosys Consulting operates globally and currently has offices in 18 countries across the Americas, Asia Pacific and Europe. The firm was officially launched in 2004 as a fully owned subsidiary of Infosys chaired by N. R. Narayana Murthy, one of the co-founders of Infosys.{{cite web|url=http://mybtechlife.com/the-list-of-great-entrepreneurs-in-india-2015/|title=The List of Great Entrepreneurs of India in 2015|work=MyBTechLife|author=Srikar Muthyala|publisher=My Tech Life|date=29 September 2015|url-status=dead|archive-url=https://web.archive.org/web/20160114000446/http://mybtechlife.com/the-list-of-great-entrepreneurs-in-india-2015/|archive-date=14 January 2016}}{{cite web |url=http://fortune.com/2016/03/15/former-ibm-watson-exec-starts-an-ai-firm-of-his-own/|title= Former IBM Watson Exec Starts an AI Firm of His Own| publisher = Fortune|access-date=3 February 2017}} For quarter-end March, 2016 Infosys Consulting and Package Implementation were reported as 33.2% of the whole of Infosys' revenue,{{cite web|url=https://www.infosys.com/investors/reports-filings/quarterly-results/2015-2016/q4/Documents/fact-sheet.pdf/|title=Consolidated Financial Data - Fourth Quarter, Fiscal 2016|publisher=Infosys|access-date=3 February 2017|archive-date=27 September 2021|archive-url=https://web.archive.org/web/20210927062549/https://www.infosys.com/investors/reports-filings/quarterly-results/2015-2016/q4/documents/fact-sheet.pdf|url-status=dead}} contributing to the reported earnings of 23 cents a share on revenue of $2.4 billion that December for Infosys.{{cite web|url=http://www.investopedia.com/articles/investing/011516/infosys-results-affirm-its-consulting-prowess.asp|title=Infosys Results Affirm its Consulting Prowess|publisher=Investopedia|access-date=21 February 2017|archive-date=14 November 2016|archive-url=https://web.archive.org/web/20161114043458/http://www.investopedia.com/articles/investing/011516/infosys-results-affirm-its-consulting-prowess.asp|url-status=dead}}
History
At its initial launch in 2004, Infosys Consulting focused on recruitment in the United States to launch programs in a Global delivery model.{{cite web |url=https://www.gartner.com/doc/430317/infosys-looks-local-talent-consulting|title= Infosys Looks to Local Talent for U.S. Consulting Business|publisher= Gartner|access-date=20 February 2017}}{{cite web |url=http://mba.tuck.dartmouth.edu/pages/faculty/chris.trimble/osi/downloads/Infosys_Consulting_2-0022-11.2007.pdf|title= Case Study: Infosys Consulting|publisher= Tuck School of Business at Dartmouth|access-date=26 April 2017}}
In 2012, Infosys acquired Lodestone Management Consultants, based out of Zurich, Switzerland for $350m USD.{{cite web |url=http://www.forbesindia.com/blog/technology/today-in-tech-lodestone-acquisition-tcs-infosys-labor-unions-in-it-firms-shibulal-on-strategy/ |work= Forbes|title= Today in Tech: Lodestone Acquisition - TCS, Infosys & Cognizant; Labor Unions in IT firms; Shibulal on strategy|access-date=22 February 2017}} Lodestone increased the Infosys Consulting client base by nearly 200 companies across different industry segments, and at the time of acquisition, Infosys’ consulting and systems-integration business contributed to 31% of total revenue.{{cite news |url=http://www.thehindu.com/business/infosys-acquires-swiss-firm-lodestone-for-rs1925-crore/article3880535.ece|title= Infosys Acquires Swiss Firm Lodestone for rs.1925 Crore|work= The Hindu|date= 10 September 2012|access-date=22 February 2017}} The acquisition brought on 850 new employees, with 750 being front-line consulting delivery professionals.{{cite web |url=https://www.forbes.com/sites/raywang/2012/09/10/news-analysis-infosys-buys-lodestone-for-350m/|title=News Analysis: Infosys Buys Lodestone for $350m|work= Forbes|access-date=22 February 2017}}
In 2015, Infosys Ltd decided to integrate Lodestone, at the time a subsidiary of Infosys, and the Management Consulting Services unit into the singular Infosys Consulting unit that resides within Infosys Limited.{{cite web |url=http://www.livemint.com/Companies/4LfVsa2ddSvjTaKYrLUPVI/Infosys-revamps-its-consulting-business.html|title=Infosys Revamps its Consulting Business|date=4 March 2015 |publisher= LiveMint|access-date=22 February 2017}}{{cite web |url=http://www.forbesindia.com/article/special/infosys-consolidates-consulting-business/39785/1|title= Infosys Consolidates Consulting Business|work= Forbes India|access-date=22 February 2017}}
In 2015, Infosys acquired [http://www.noah-consulting.com/ Noah Consulting LLC] for $70m USD.{{cite web |url=http://www.ibtimes.com/indias-infosys-acquire-oil-consultancy-noah-consulting-deal-worth-70-million-2145988|title= India's Infosys to Acquire Oil Consultancy Noah Consulting in Deal Worth 70mn|work= International Business Times|date= 19 October 2015|access-date=22 February 2017}} Noah Consulting is based out of Houston, Texas and primarily serves customers in the oil and gas industry, providing information and technology services. As of September 2017, it was unclear whether the brand would be a subsidiary or merged into the larger Infosys Consulting.{{cite web |url=http://www.firstpost.com/business/noah-is-infosys-third-acquisition-this-year-10-things-you-need-to-know-about-the-deal-2474096.html|title= Noah is Infosys' 3rd Acquisition this Year: 10 Things You Need to Know|date= 20 October 2015|publisher= First Post|access-date=22 February 2017}}{{cite web |url=http://www.bizjournals.com/houston/news/2015/10/20/fast-growing-energy-focused-consultancy-scooped-up.html|title= Fast-growing energy-focused consultancy scooped up by Indian company for millions|publisher= Houston Business Journal|access-date=22 February 2017}}
After three-years as interim CEO of Infosys, Dr. Vishal Sikka resigned in August 2017. In a personal note to board colleagues,{{cite news|title=Why Vishal Sikka quit as Infosys MD: Full text of his resignation letter |newspaper=The Economic Times |date=18 August 2017 |url=http://economictimes.indiatimes.com/markets/stocks/news/full-text-vishal-sikkas-resignation-letter/articleshow/60113647.cms|agency=Economic Times|publisher=economictimes.indiatimes.com|access-date=6 Sep 2017}} he cited a 'drumbeat of distractions' and "false, baseless, malicious and increasingly personal attacks" as his reason for leaving Infosys.{{cite news|title=Infosys chief executive Vishal Sikka resigns |date=18 August 2017 |url=https://www.bbc.com/news/business-40971432|agency=BBC|publisher=BBC|access-date=6 Sep 2017}} Anonymous employees of the company were quoted in the press as saying that this was due to a long-running feud with Infosys' founders over the new direction Sikka was reportedly taking Infosys.{{cite web|title= Infosys CEO Vishal Sikka Resigns, Blames 'Drumbeat of Distractions' |date= 18 August 2017|url= https://www.cnbc.com/2017/08/18/infosys-ceo-vishal-sikka-resigns-blames-drumbeat-of-distractions.html|publisher= CNBC|access-date=6 Sep 2017}}{{cite web|title=Infosys says Vishal Sikka Resigns as CEO, becomes Vice Chairman |work= Bloomberg|url= https://www.bloomberg.com/news/articles/2017-08-18/infosys-says-vishal-sikka-resigns-as-ceo-becomes-vice-chairman|publisher= Bloomberg Technology|access-date=6 Sep 2017}}{{cite web|title= Infosys CEO Resigns after Long Running Feud with Founders|work= U.S.|url= https://www.reuters.com/article/us-infosys-ceo/infosys-ceo-resigns-after-long-running-feud-with-founders-idUSKCN1AY0DH|publisher= Reuters|access-date=6 Sep 2017}} The current director and CEO is Salil Parekh, former executive at Capgemini business consultancy.{{cite web|title= Infosys looks to reboot under new CEO Salil Parekh after stormy 2017 |url= //economictimes.indiatimes.com/articleshow/62229430.cms|publisher= The Economic Times|access-date=17 Jan 2018}}
In 2020, Infosys made an alliance with Avaloq to improve wealth management capability across digital channels.{{Cite web|title=Infosys : and Avaloq Partner to Strengthen Wealth Management Capabilities through Digital Platforms|url=https://www.marketscreener.com/INFOSYS-LIMITED-9743342/news/Infosys-and-Avaloq-Partner-to-Strengthen-Wealth-Management-Capabilities-through-Digital-Platforms-30670903/|date=26 May 2020|website=Market Screener|access-date=27 May 2020}}
See also
References
{{Reflist}}
External links
- [http://www.infosysconsultinginsights.com www.infosysconsultinginsights.com]
- [https://www.infosys.com/consulting/ www.infosys.com/consulting]
{{Infosys}}
{{Consulting}}
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Category:Information technology consulting firms of India
Category:International information technology consulting firms