Infosys Consulting
Template:New unreviewed article
 | |
| Industry | Management Consulting Services |
|---|---|
| Founded | 2004.[1] |
| Headquarters | , |
Area served | Globe |
Key people | Michael Pesch CEO[2][3] |
| 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[4] |
Number of employees | Estimated 6,100 in 2015[5] |
| Parent | Infosys |
| Website | infosys.com/consulting |
Infosys Consulting is a business and management consulting practice within the larger Infosys organization. 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.[6][7] For quarter-end March, 2016 Infosys Consulting and Package Implementation were reported as 33.2% of the whole of Infosys' revenue [8], contributing to the reported earnings of 23 cents a share on revenue of $2.4 billion that December for Infosys.[9]
Growth and Acquisitions
Launch
At its initial launch in 2004, Infosys Consulting focused on recruitment in the United States to launch programs in a Global delivery model.[10] [11]
Lodestone Management Consultants
In 2012, Infosys acquired Lodestone Management Consultants, based out of Zurich, Switzerland for $350m USD.[12] 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.[13] The acquisition brought on 850 new employees, with 750 being front-line consulting delivery professionals. [14] 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. [15][16]
Noah Consulting LLC
In 2015, Infosys acquired Noah Consulting LLC for $70m USD.[17] Noah Consulting is based out of Houston, TX and primarily serves customers in the oil and gas industry, providing information and technology services. At this time, it's unclear whether or not the brand will be a subsidiary to, or wrapped into the larger Infosys Consulting.[18][19]
Controversies and Major Events
Infosys CEO Resignation
After a three year interim as Infosys CEO, Vishal Sikka resigned in August 2017. In a personal note to board colleagues[20], Dr. Sikka cites a 'drumbeat of distractions' and "false, baseless, malicious and increasingly personal attacks" as his reason for leaving Infosys [21]. Many sources suspect this is in reference to a long running feud with Infosys Founders over the new direction Sikka was reportedly taking Infosys. [22] [23] [24]
References
- ^ "Bloomberg Snapshot: Infosys Consulting". Bloomberg. Retrieved 3 February 2017.
- ^ "Infosys Consulting Holding Appoints Michael Pesch as CEO". The Hindu. Retrieved 3 February 2017.
- ^ "Michael Pesch Appointed CEO Infosys Consulting Holding". Money Control. Retrieved 16 February 2017.
- ^ "Infosys Service Offerings". Infosys. Retrieved 3 February 2017.
- ^ "Infosys revamps its consulting business". LiveMint. Retrieved 16 February 2017.
- ^ Srikar Muthyala (29 September 2015). "The List of Great Entrepreneurs of India in 2015". MyBTechLife. My Tech Life.
- ^ "Former IBM Watson Exec Starts an AI Firm of His Own". Fortune. Retrieved 3 February 2017.
- ^ "Consolidated Financial Data - Fourth Quarter, Fiscal 2016". Infosys. Retrieved 3 February 2017.
{{cite web}}: Check|url=value (help) - ^ "Infosys Results Affirm its Consulting Prowess". Investopedia. Retrieved 21 February 2017.
- ^ "Infosys Looks to Local Talent for U.S. Consulting Business". Gartner. Retrieved 20 February 2017.
- ^ "Case Study: Infosys Consulting" (PDF). Tuck School of Business at Dartmouth. Retrieved 26 April 2017.
- ^ "Today in Tech: Lodestone Acquisition - TCS, Infosys & Cognizant; Labor Unions in IT firms; Shibulal on strategy". Forbes. Retrieved 22 February 2017.
- ^ "Infosys Acquires Swiss Firm Lodestone for rs.1925 Crore". The Hindu. Retrieved 22 February 2017.
- ^ "News Analysis: Infosys Buys Lodestone for $350m". Forbes. Retrieved 22 February 2017.
- ^ "Infosys Revamps its Consulting Business". LiveMint. Retrieved 22 February 2017.
- ^ "Infosys Consolidates Consulting Business". Forbes India. Retrieved 22 February 2017.
- ^ "India's Infosys to Acquire Oil Consultancy Noah Consulting in Deal Worth 70mn". International Business Times. Retrieved 22 February 2017.
- ^ "Noah is Infosys' 3rd Acquisition this Year: 10 Things You Need to Know". First Post. Retrieved 22 February 2017.
- ^ "Fast-growing energy-focused consultancy scooped up by Indian company for millions". Houston Business Journal. Retrieved 22 February 2017.
- ^ "Why Vishal Sikka quit as Infosys MD: Full text of his resignation letter". economictimes.indiatimes.com. Economic Times. Retrieved 6 Sep 2017.
- ^ "Infosys chief executive Vishal Sikka resigns". BBC. BBC. Retrieved 6 Sep 2017.
- ^ "Infosys CEO Vishal Sikka Resigns, Blames 'Drumbeat of Distractions'". CNBC. Retrieved 6 Sep 2017.
- ^ "Infosys says Vishal Sikka Resigns as CEO, becomes Vice Chairman". Bloomberg Technology. Retrieved 6 Sep 2017.
- ^ "Infosys CEO Resigns after Long Running Feud with Founders". Reuters. Retrieved 6 Sep 2017.