June 28, 2022 17:28 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Uddhav Thackeray wanted to quit but was stopped twice by senior alliance leader: Reports | Assam floods: Aamir Khan donates Rs. 25 lakhs to CM relief fund | Delhi Police arrest AltNews journalist Mohammed Zubair for allegedly hurting religious sentiments | Shiv Sena rebels get reprieve over disqualification notices from Supreme Court till July 12: All updates | PM Narendra Modi highlights India's efforts for green growth at G7 session
Ukraine crisis: Infosys to move business out of Russia Infosys
Infosys,Russia,UkraineCrisis

Ukraine crisis: Infosys to move business out of Russia

India Blooms News Service | @indiablooms | 13 Apr 2022, 10:30 pm

Bengaluru/IBNS: Infosys Ltd on Wednesday informed that the company is moving its business out of Russia and is looking for alternate options against the backdrop of the ongoing Ukraine conflict.

Several other global IT and software companies including Oracle Corp and SAP SE have either suspended or paused all operations in Russia currently.

"Seeing the situation we have started the transition of our business and all of our work from the centres from Russia to outside Russia," Infosys CEO and Managing Director Salil Parekh told the media in reply to a question on the impact of the Ukraine crisis on the company's business in Russia.

Parekh, who was speaking to the media after declaring the company's March quarter financial results, informed that Infosys has less than 100 employees in Russia.

"We don't have clients in Russia. The work we do in Russia is for the global clients, which we have started a transition. At this stage we have no impact on our business from an Infosys perspective," he said.

However, Parekh mentioned that the company is very concerned about the development in the region. "We are very concerned about what's going on, on the ground," he said.

The company would help its employees in Russia to relocate and work in other countries, especially in East Europe, the CEO informed.

 

Related Images
FOHMA addresses press conference 01 Jan 1970, 05:30 am
Related Videos
PM Modi on Union Budget 2022-2023 01 Feb 2022, 06:28 pm
IBNS Live Business Chat 30 Dec 2021, 05:53 pm