The displeasure has spilled out on to social media, with many contrasting their hikes against large payouts made to investors & the rise in IT company valuations.
We constantly invest in upgrading it and that is where our power comes from, says Gopinathan.
Oppenheimer had been a vocal supporter of former Infosys CEO Vishal Sikka and his strategy for growth at India’s second largest software services exporter.
TCS’ move to increase quarterly variable pay follows that of Infosys which gave out more in variable pay than it had in the previous two years.
Nexteer said it would hire 50 people initially for the software centre, which would end up with a headcount of 100 to 200.
Allen Shaheen, who used to head the company’s mergers and acquisitions, is now executive vice president in charge of the company’s North America Delivery Centres.
Padaki is an old Infosys hand and will focus on investments that will have a close relationship to Infosys’ digital services strategy.
The insurance hub is based in Cedar Rapids and TCS has automatically become one of the largest employers in the city.
Indian firms are paying salaries of $55,000-65,000 to fresh computer science graduates as they look to replicate their pyramid model in their main market.
Kar joins Quess from mid-sized IT company Zensar, where he headed the company’s IT infrastructure and cloud business. Prior to Zensar, Kar spent 17 years at Wipro.
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