Infosys
Ukraine crisis: Infosys to move business out of Russia
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.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
