Sikka Software Reviews
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- Infosys CEO Vishal Sikka said the company's lower-than-expected performance in the June quarter was no reflection of his strategy to move the company away from its.
- At the analyst event, CEO Vishal Sikka said he had been disappointed by the number of strategic conversations the company has been having with customers.
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To start with, GHMC has partnered with Akshaya Patra Foundation, run by Hare Krishna Movement, which will prepare the food.
Vishal Sikka wants Infosys to hardsell its automation, ecommerce plans to clients MUMBAI: Infosys is looking to become a strategic partner for about a quarter of its roughly 1,0. It is also building new digital sales teams and using technology to improve their effectiveness, as it looks to touch $2.
In four- six quarters, Infosys is targetting such engagement with about 2. The target was disclosed in a post- event interaction with analysts. It is something I have accepted and we are transforming from within. But that has been a source of unhappiness. He added the new overlay team had targets but did not elaborate on what they were. We are using machine learning to provide recommendations to the team about what propositions they should take to customers.
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It’s a rare fall rainy day in Palo Alto and SAP Executive Board Member Dr. Vishal Sikka is as sick as a dog. It’s less than a week until SAP Sapphire.
Analysts hope the move to automation platforms and use of `zero- bench' strategy will help in the same.
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Vishal Sikka kicks in big salary spikes at Infosys. BENGALURU: Infosys has entered a new era of remuneration for senior leadership after promoters hung up their boots to make way for a professional CEO. In doing so, the company has stepped out of the shadows of its founder N R Narayana Murthy's philosophy of compassionate capitalism which hailed the spirit of social equity.
Vishal Sikka, the first non- founder CEO brought in to put Infosys back on track, has lifted the fortunes of Infosys, which struggled to grow till two years back. In FY1. 6, Infosys revenue rose 9. Nasscom's industry average of 1. This compares well with the immediately preceding three fiscals when revenue growth stood at 5.
Murthy made a comeback to restore some of the glory focusing on sales effectiveness and deal wins. Sikka has also built a narrative around Infosys heralding a transition for traditional IT services in a 'software- defined everything' world. He said the turnaround story was real, and rewards followed. Sikka will take home a new compensation of $1. This includes a base salary of $1 million, $3 million in variable pay, $2 million in restricted stock units (RSUs) and another $5 million in stock options, which would be awarded to him based on Infosys's performance.
The revision in his total compensation coincides with the company extending Sikka's tenure by another two years up to 2. Sikka's package has gone up from $7. But this created a stir after some of the promoters abstained from voting on the resolution granting him a two- year extension, arguing that the new remuneration went against the company's long held beliefs. Murthy had authored an article in The Economic Times in 2. Murthy may have been too idealistic. When large payouts are made based on short- term performance, company opens itself to problems.
Infosys has elevated three executive VPs as presidents — Sandeep Dadlani, head of Americas, Ravi Kumar, chief delivery officer and Mohit Joshi, head of financial services. Sources said the salaries of the new presidents are touching a new high of nearly $2 million that includes stocks and long- term incentives. Infosys said they won't share details of executives' compensation. Companies have recalibrated their compensation structures geared towards global standards.
Also with CEO pay on the rise, the traditional ratio of CEO to CXO compensation of 2. Sikka drew $4. 5. RSUs, while the median salary at Infosys was Rs 5. Rs 4. 8. 9 lakh respectively during that fiscal and the preceding one. For former Wipro CEO TK Kurien, the MRE ratio to CEO compensation was 1. Rs 9. 1 crore as salary (excluding stock).
Infosys may bundle BPO unit into service line. Infosys is hitting a refresh button on its BPO business. The $9. 5- billion IT firm is likely to bundle its BPO offerings into a service line and it might cease to exist as a whol ly owned subsidiary. Anil Singhvi, a shareholder activist and co- founder of proxy advisory firm Institutional Investor Advisory Services (IIAS) said, . This had a cascading effect on the salary structure, making Infosys a relatively poor paymaster in a manpower driven industry. The lower wage bill was benign on the balance sheet and boosted P/E multiples.
This was good for Infosys stock and senior management stock options. It all worked very well in a different era. No better place to start that type of culture than at the top. It's increasingly becoming a new weapon for companies as they compete more with global IT service giants as well as new age companies.