Infosys Consulting

Last updated

Infosys Consulting
IndustryManagement Consulting Services
Founded2004;20 years ago (2004). [1]
Headquarters
London
,
United Kingdom
Area served
Globe
Key people
Andrew Duncan
(CEO & Managing Partner) [2]
ProductsAutomotive, Consumer Packaged Goods, Energy, Financial Services, Healthcare, High-Tech, Industrial Manufacturing, Insurance, Life Sciences, Retail, Telecommunication and Utilities Services, Resources
ServicesEnterprise Change, Enterprise Design, Enterprise Insights [3]
Number of employees
Estimated 6,100 in 2015 [4]
Parent Infosys
Website infosys.com/consulting

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. [5] [6] For quarter-end March, 2016 Infosys Consulting and Package Implementation were reported as 33.2% of the whole of Infosys' revenue, [7] contributing to the reported earnings of 23 cents a share on revenue of $2.4 billion that December for Infosys. [8]

Contents

History

At its initial launch in 2004, Infosys Consulting focused on recruitment in the United States to launch programs in a Global delivery model. [9] [10]

In 2012, Infosys acquired Lodestone Management Consultants, based out of Zurich, Switzerland for $350m USD. [11] 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. [12] The acquisition brought on 850 new employees, with 750 being front-line consulting delivery professionals. [13]

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. [14] [15]

In 2015, Infosys acquired Noah Consulting LLC for $70m USD. [16] 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. [17] [18]

After three-years as interim CEO of Infosys, Dr. Vishal Sikka resigned in August 2017. In a personal note to board colleagues, [19] he cited a 'drumbeat of distractions' and "false, baseless, malicious and increasingly personal attacks" as his reason for leaving Infosys. [20] 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. [21] [22] [23] The current director and CEO is Salil Parekh, former executive at Capgemini business consultancy. [24]

In 2020, Infosys made an alliance with Avaloq to improve wealth management capability across digital channels. [25]

See also

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References

  1. ↑ "Bloomberg Snapshot: Infosys Consulting". Bloomberg. Retrieved 3 February 2017.
  2. ↑ cite web |url=https://www.infosys.com/services/consulting/leadership.html
  3. ↑ "Know Our Global Leadership Team in The Consulting Practice". www.infosys.com. Retrieved 14 May 2024.
  4. ↑ "Infosys revamps its consulting business". LiveMint. 4 March 2015. Retrieved 16 February 2017.
  5. ↑ Srikar Muthyala (29 September 2015). "The List of Great Entrepreneurs of India in 2015". MyBTechLife. My Tech Life. Archived from the original on 14 January 2016.
  6. ↑ "Former IBM Watson Exec Starts an AI Firm of His Own". Fortune. Retrieved 3 February 2017.
  7. ↑ "Consolidated Financial Data - Fourth Quarter, Fiscal 2016" (PDF). Infosys. Archived from the original on 27 September 2021. Retrieved 3 February 2017.
  8. ↑ "Infosys Results Affirm its Consulting Prowess". Investopedia. Archived from the original on 14 November 2016. Retrieved 21 February 2017.
  9. ↑ "Infosys Looks to Local Talent for U.S. Consulting Business". Gartner. Retrieved 20 February 2017.
  10. ↑ "Case Study: Infosys Consulting" (PDF). Tuck School of Business at Dartmouth. Retrieved 26 April 2017.
  11. ↑ "Today in Tech: Lodestone Acquisition - TCS, Infosys & Cognizant; Labor Unions in IT firms; Shibulal on strategy". Forbes. Retrieved 22 February 2017.
  12. ↑ "Infosys Acquires Swiss Firm Lodestone for rs.1925 Crore". The Hindu. 10 September 2012. Retrieved 22 February 2017.
  13. ↑ "News Analysis: Infosys Buys Lodestone for $350m". Forbes. Retrieved 22 February 2017.
  14. ↑ "Infosys Revamps its Consulting Business". LiveMint. 4 March 2015. Retrieved 22 February 2017.
  15. ↑ "Infosys Consolidates Consulting Business". Forbes India. Retrieved 22 February 2017.
  16. ↑ "India's Infosys to Acquire Oil Consultancy Noah Consulting in Deal Worth 70mn". International Business Times. 19 October 2015. Retrieved 22 February 2017.
  17. ↑ "Noah is Infosys' 3rd Acquisition this Year: 10 Things You Need to Know". First Post. 20 October 2015. Retrieved 22 February 2017.
  18. ↑ "Fast-growing energy-focused consultancy scooped up by Indian company for millions". Houston Business Journal. Retrieved 22 February 2017.
  19. ↑ "Why Vishal Sikka quit as Infosys MD: Full text of his resignation letter". The Economic Times. economictimes.indiatimes.com. Economic Times. 18 August 2017. Retrieved 6 September 2017.
  20. ↑ "Infosys chief executive Vishal Sikka resigns". BBC. BBC. 18 August 2017. Retrieved 6 September 2017.
  21. ↑ "Infosys CEO Vishal Sikka Resigns, Blames 'Drumbeat of Distractions'". CNBC. 18 August 2017. Retrieved 6 September 2017.
  22. ↑ "Infosys says Vishal Sikka Resigns as CEO, becomes Vice Chairman". Bloomberg Technology. Retrieved 6 September 2017.
  23. ↑ "Infosys CEO Resigns after Long Running Feud with Founders". Reuters. Retrieved 6 September 2017.
  24. ↑ "Infosys looks to reboot under new CEO Salil Parekh after stormy 2017". The Economic Times. Retrieved 17 January 2018.
  25. ↑ "Infosys : and Avaloq Partner to Strengthen Wealth Management Capabilities through Digital Platforms". Market Screener. 26 May 2020. Retrieved 27 May 2020.
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