Attrition

Type: Keyphrase
Name: Attrition
First reported 22 hours ago - Updated 1 hour ago - 2 reports

Rising global economy helps TCS maintain growth momentum

Tata Consultancy Services (TCS), India’s largest software services provider, continued to grow during the quarter ended March, reflecting the improvement in the global economy. Growth drivers for the company included increased deal momentum in Europe, ... [Published Business Standard India - 17 hours ago]
First reported Apr 16 2014 - Updated 1 hour ago - 5 reports

Need to reward employees for delivering a terrific year: TCS

A file photo of TCS CEO N. ChandrasekaranTCS has announced an average of 10 per cent pay hike for its offshore employees. N. Chandrasekaran, the chief executive officer of TCS, told NDTV that the hike will go over 14 per cent for top performers and at ... [Published NDTV Profit - 3 hours ago]
First reported Apr 16 2014 - Updated 13 hours ago - 2 reports

Easton Area School District looks for teachers union consent to pass budget plan

Easton Area School District administrators say if they want to balance the budget, they need the teachers union's help.District Superintendent John Reinhart unveiled a plan Tuesday to balance the budget that would cut nine jobs through attrition next ... [Published Lehigh Valley Live - 13 hours ago]
First reported Apr 15 2014 - Updated 20 hours ago - 2 reports

TCS: Healthy large-size client additions, Europe growth are key positives

Despite warning for a relatively weak quarter, TCS has managed to deliver reasonably strong set of financials for the March quarter and certainly much better than what Infosys managed, yet again.But overall, this time around, TCS has not managed the spectacular, ... [Published Hindu Business Line - 20 hours ago]
First reported Apr 15 2014 - Updated 21 hours ago - 4 reports

Infosys dips to six-month low on weak guidance

Infosys shares on Wednesday hit a six-month low on the back of lower-than-industry revenue guidance and high attrition.India’s second largest software exporter saw its stock price dip to ₹3,159.9, down 3 per cent from Tuesday’s closing price. This dip ... [Published Hindu Business Line - 21 hours ago]
First reported Apr 15 2014 - Updated Apr 16 2014 - 3 reports

Infy meets 'lower' expectations, forecasts 7-9% revenue growth

BANGALORE: Infosys kicked off the earnings season with quarterly results that matched its toned-down expectations and forecast modest growth for the 2014-15 fiscal, an outcome analysts said is reflective of the challenges that the company is facing. At ... [Published Economic Times - Apr 15 2014]
First reported Apr 15 2014 - Updated Apr 16 2014 - 3 reports

Infosys profit up 25%

Bengaluru/ Mumbai: India’s second largest software services firm Infosys on Tuesday reported 25 per cent jump in net profit at Rs 2,992 crore for the quarter ended March 31, 2014, as compared to Rs 2,394 crore in the same period last fiscal.The firm’s ... [Published Deccan Chronicle - Apr 16 2014]
First reported Apr 15 2014 - Updated Apr 15 2014 - 3 reports

Slow growth not the only worry, attrition a big concern too at Infy

The phase of slow growth at Infosys is expected to continue for a bit longer than what investors would hope for. Three factors indicate this. First, the company's own guidance of 7-9% growth in the dollar-denominated revenue for FY15. This depicts a quarterly ... [Published Economic Times - Apr 15 2014]
First reported Apr 15 2014 - Updated Apr 15 2014 - 2 reports

Having an insider as CEO fuels everybody's aspirations: U B Pravin Rao

When Infosys appointed U B Pravin Rao as one of two presidents in January, it was clear he would be one of the few internal candidates to be considered for the position of chief executive officer (CEO) when incumbent S D Shibulal retired. In an interview ... [Published Business Standard India - Apr 15 2014]
First reported Apr 15 2014 - Updated Apr 15 2014 - 2 reports

Pharma industry to get the highest increment this year

Voluntary attrition rate stands at an average of 12.8 per cent, highest attrition rate of 15.6 percent in clerical cadreDeloitte's Annual Compensation & Benefits Trends Survey India 2014 projects that the pharmaceutical sector will see the highest increment ... [Published Express Pharma - Apr 15 2014]
First reported Apr 15 2014 - Updated Apr 15 2014 - 5 reports

why investors should stay away from Infosys

Economic Times,Infosys' above-estimate net profit on upbeat margins and FY15 guidance failed to have a strong impact on its stock price. Editor's Pick. Infy gives 6-7% wage hike | ET Analysis: Troubles lurk · Infy management speak: Shibulal | Srinivas ... [Published India Everyday - Apr 15 2014]
First reported Apr 15 2014 - Updated Apr 15 2014 - 2 reports

Infosys Q4: Attrition rate rises as co looks to cut flab

Infosys added close to 11,000 employees at the gross level and 20001 employees at the net level during the March quarter. For the year, it added close to 40,000 employees at the gross level, but net headcount declined 1823. The company’s attrition level ... [Published Moneycontrol.com - Apr 15 2014]

Quotes

"Q1 is the quarter in which the wage hikes will impact the margins and then during the course of the year we will pretty much make this out through operational efficiencies" he said
Manish Sonthalia of Motilal Oswal AMC, says, "Attrition is an issue for Infosys. They are grappling with high level exits and their offshore pay hike is lower than TCS." Infosys has announced a 6-7 per cent pay hike
"We performed steadily in the first quarter, with continued momentum from our Optum health services platform and year-over-year growth across our UnitedHealthcare health benefits platform offset by headwinds from new ACA taxes and Medicare Advantage funding deficiencies. We continue to help enable a more effective, more modern health care system that better serves consumers and responds to a national imperative to improve the performance of health care and reduce its costs" said Stephen J Hemsley, president and chief executive officer of UnitedHealth Group
...23 to $0.24 per share to our Board later this month," said King. "We continue to have one of the highest dividend yields and payout ratios in the industry."

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M. Sanjayan on what it’s like to live dangerous... [Published Grist - the Latest from Grist - 20 hours ago]
If you thought the title of Showtime’s new series, Years of Living Dangerously, was just a reference to the perils of climate change, think again: “I almost died on that show,” one of its hosts, M. Sanjayan, told us when he came into the Grist office ...
The Alienation of Work [Published Zero Hedge - Apr 15 2014]
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India's Infosys posts strong revenue, profit gr... [Published PC World: Techlog - Apr 15 2014]
Indian outsourcer Infosys reported revenue and profit growth in the first quarter, but is still troubled by strong staff attrition and key management changes. Revenue in the quarter was US$2 billion, an increase of almost 8 percent over the same quarter ...
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This is part of Marc H. Ellis’s “Exile and the Prophetic” feature for Mondoweiss. To read the entire series visit the archive page . Predictably, the New York Times  missed the 5th question for Passover this morning when they focused their gaze ...
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