A US information technology professional in Wisconsin --Brenda Koehler has filed a class action lawsuit against the Indian software maker Infosys on August 1, said reports.She alleged that Infosys discriminates US Job applicants in favour of South Asians.
Koehler reportedly applied for the position of "Lead VMware/Windows Administrator" in April 2012 but a person of South-Asian origin was hired for the job.
The lawsuit alleges that Infosys employs 15000 employees in the United States out of which 90% are from South Asian decent.
Infosys has rejected the allegations that Koehler was not hired for her nationality. Infosys was quoted by reports as saying that it gives equal opportunity to all. The software maker said that it looks forward to address the matter in court, not in public venues where facts can become mixed with rumour, opinion and speculation.
Infosys has said it looks forward to address the matter in court.
Infosys Q1 cons net profit for the June quarter stood at Rs23.70bn as compared to Rs23.94bn.while its Q4 sales was at Rs112.67bn.
The company and its subsidiaries added 66 clients during the quarter
Gross addition of 10,138 employees (net addition of 575) for the quarter by Infosys and its subsidiaries
157,263 employees as on June 30, 2013 for Infosys and its subsidiaries
Liquid assets including cash and cash equivalents, available-for-sale financial assets,and government bonds were `24,078 crore versus `23,958 crore as on March 31, 2013.
“Despite facing an uncertain macro environment, changing regulatory regime and a volatile currency environment, we have done well in Q1 and are cautiously optimistic about rest of the year,” said S. D. Shibulal, CEO and Managing Director.
“We maintained our margins and continued making investments in the business,” said Rajiv Bansal, Chief Financial Officer. “We have announced compensation increases for FY 14 effective July which will affect our margins in the future quarters.”