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Infosys Mulling to Re-Price Digital Services

The city-based IT major is looking at putting a premium value for offering digital services in view of its growing demand from its global clients

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Infosys, Digital, Services
We will relook at the pricing being offered depending on skills and experience, Infosys Chief Financial Officer Nilanjan Roy told reporters. Pixabay

 Software vendor Infosys is mulling to re-price digital services upwards in view of its high value business potential, an executive said on Friday.

“I think we have an opportunity on re-pricing digital services due to the scarce talent. We will relook at the pricing being offered depending on skills and experience,” Infosys Chief Financial Officer Nilanjan Roy told reporters here at a briefing on the company’s performance for the July-September quarter.

The city-based IT major is looking at putting a premium value for offering digital services in view of its growing demand from its global clients.

Revenue ($1,230 million) from digital services contributed 38 per cent to the company’s consolidated revenue of $3,210 million for the second quarter of this fiscal (2019-20), registering a 38 per cent yearly and 11 per cent quarterly growth.

Infosys, Digital, Services
I think we have an opportunity on re-pricing digital services due to the scarce talent. Pixabay

Chief Operating Officer U. B. Pravin Rao said digital services business in India was a small percentage of the overall pie, without quantifying the value.

“India digital business is a small percentage of our overall business in the domestic market. We are selective in what we want to do,” said Rao.

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Rao also clarified the digital services business was not facing any headwind in India due to the economic slowdown, as the exposure was smaller in volume and the company being selective in offering it. (IANS)

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Digital India Faces Several Challenges Amidst Coronavirus Lockdown

The company also said it will give benefits on insurance for drivers and their spouses against loss of income due to contraction of COVID-19, as well as other medical support during this time will continue to be offered to all its driver-partners across the country

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Digital India
From Uber to Ola, Swiggy to Zomato and Bigbasket to Grofers -- and thousands of app-based services in between -- the digital dream has taken a 21-day long pause, and workers in the digital industry are in for job losses along with deep salary cuts. Pixabay

When Digital India took birth, little did we know that in an unprecedented situation like a total lockdown, the apps and services that helped us sail through the day with ease will immediately hang up on millions.

From Uber to Ola, Swiggy to Zomato and Bigbasket to Grofers — and thousands of app-based services in between — the digital dream has taken a 21-day long pause, and workers in the digital industry are in for job losses along with deep salary cuts.

Zomato CEO Deepinder Goyal has announced that several employees have taken deep voluntary salary cuts as the business has been hit owing to the COVID-19 lockdown. Uber and Ola drivers are confined to their homes and delivery boys for food and online grocery delivery platforms are afraid to come out on roads owing to the fear or being beaten up.

Uber India has reportedly given no help to its driver partners as of now, other than telling its employees to do yoga at home. Ola has reportedly taken the next step, asking the government to waive the loans of its drivers and delay the tax payments for them so that they can survive the Novel Coronavirus onslaught. The company, however, refused to comment on the reports.

According to the ride-hailing company, it is providing certain insurance and medical benefits to its drivers as well as waiving rental charges. “We can confirm that we are fully waiving away lease rentals, akin to an EMI, for driver partners who operate vehicles owned by Ola’s subsidiary, Ola Fleet Technologies under its leasing programme,” Ola said in a statement.

The company also said it will give benefits on insurance for drivers and their spouses against loss of income due to contraction of COVID-19, as well as other medical support during this time will continue to be offered to all its driver-partners across the country.

Thousands of daily-wage workers, low-end hotel staff and delivery boys have left metros for their home towns — some even on bikes — as establishments locked themselves. Smartphone-based leading food delivery platforms Zomato and Swiggy are in almost in no man’s land — with thin presence amid huge manpower shortage.

AI
When Digital India took birth, little did we know that in an unprecedented situation like a total lockdown, the apps and services that helped us sail through the day with ease will immediately hang up on millions. Pixabay

Bigbasket and Grofers are unable to fulfil orders owing to huge supply-demand issue along with thin delivery staff to go out and deliver. All eyes are now on the government to bail the online service providers from this mess.

ALSO READ: Facebook and Google Predict a Loss of $44 Billion in Global Ad Revenue

Finance Minister Nirmala Sitharaman on Thursday indicated that concerns of India Inc, small-to-medium enterprises (SMEs) segments and other segments hit by the lockdown might be looked at and the government could announce a plan later.

“Our first priority is to provide food to the poor and money in their hands. We will think about other things later,” she said. (IANS)