Infosys shares drop to 10-month low as whistle-blowers target CEO

Re:Infosys shares drop to 10-month low as whistle-blowers ta... by goatinaboat on Tuesday October 22, 2019 @05:35AM (#21321747)

It’s not bias, it’s experience.

TCS is a strategic partner for projects like the British Rail Network.

That project is a disaster of overblown budgets and under delivery. Like everything these companies touch. But the imaginary savings earned a few Western managers big bonuses before they quickly moved on before the chickens came home to roost.

[ Parent | on HN ]

Re:Infosys shares drop to 10-month low as whistle-blowers ta... by r_singh on Tuesday October 22, 2019 @06:05AM (#21321925)

In that case, TCS will pay a price for it in the long run.

[ Parent | on HN ]

Re:Infosys shares drop to 10-month low as whistle-blowers ta... by goatinaboat on Tuesday October 22, 2019 @06:13AM (#21321980)

They will not, the British taxpayers will, just as for every project outsourced to Tata, Capita, or anywhere else.

Every penny of revenue earned by those companies is by fraud.

[ Parent | on HN ]

Re:Infosys shares drop to 10-month low as whistle-blowers ta... by GordonS on Tuesday October 22, 2019 @08:17AM (#21322762)

You've got to wonder when the government continually awards huge projects to the same outsourcing firms time after time, and time after time the project is either a total failure or not fit for purpose, and it's delivered years late at a multiple of the original price. And the next big project that comes along? They'll award it to one of the same companies again, and they'll get the same outcome again.

There simply has to be some major skullduggery afoot.

The internal GDS seem to be bucking the trend, delivering good services and contributing to OSS. Surely this demonstrates that an internal team is a better way? Even if they don't deliver entire projects themselvea, they could lead them from a requirements, architect and tech perspective, and have sway over which firm gets the outsourced part.

[ Parent | on HN ]

Re:Infosys shares drop to 10-month low as whistle-blowers ta... by r_singh on Tuesday October 22, 2019 @06:25AM (#21322039)

Not sure what your definition of fraud is (for me it's more like what the British India company did). Wining a tender process that probably needs fixing (because it's obsolete) is not fraud.

[ Parent | on HN ]

Re:Infosys shares drop to 10-month low as whistle-blowers ta... by close04 on Tuesday October 22, 2019 @06:36AM (#21322089)

Doing it with the intention of underdelivering and ballooning costs and time to make more money is fraud though. And make no mistake, no outsourcing company goes to a tender intending to be on time and on budget. It’s not good business for them.

[ Parent | on HN ]

Re:Infosys shares drop to 10-month low as whistle-blowers ta... by r_singh on Tuesday October 22, 2019 @06:46AM (#21322136)

And just how commonly do we see such[1] fraud across any business or industry?

Cough, pharmaceutical cos, doctors, social media & search giants, car manufacturing giants. Any of these ring a bell?

[1]As in, the above (your) definition of fraud i.e. misleading customers, by deliberately under delivering and over promising. With this definition, many businesses and accepted practices are fraud.

IMO, true fraud is what VW with their cheating device. Facebook did with integrating WhatsApp profiles. Theranos did with fake IP. Opioid manufacturers do by indirectly incentivising doctors. Don't you think so too?

[ Parent | on HN ]

Re:Infosys shares drop to 10-month low as whistle-blowers ta... by goatinaboat on Tuesday October 22, 2019 @07:00AM (#21322227)

Theranos did with fake IP

Yes, I agree that Tata and similar companies are on the level of Theranos.

[ Parent | on HN ]

[dead]

Re:Infosys shares drop to 10-month low as whistle-blowers ta... by close04 on Tuesday October 22, 2019 @08:27AM (#21322822)

> Sounds like a huge personal bias to me my friend.

> I feel sorry for you.

That's very disingenuous and insulting. You're implying you have no bias which anyone reading your comments on this thread would find really hard to believe.

Your whole reasoning relies on accusing everyone else of bias and claiming that other companies also have these shady practices. That's not a defense.

[ Parent | on HN ]

Re:Infosys shares drop to 10-month low as whistle-blowers ta... by close04 on Tuesday October 22, 2019 @08:19AM (#21322777)

Your argument is "it's not fraud because others do it"? Yes, going forward knowing full well that you have no intention of fulfilling your promises is fraud regardless of "whatabout those guys".

You have at least a dozen comments on this thread defending these practices and pointing fingers at the likes of Theranos as if that's a good justification. If someone needs Theranos to look good they must be pretty shady. Your line of argumentation sounds very biased.

[ Parent | on HN ]

Re:Infosys shares drop to 10-month low as whistle-blowers ta... by hereiskkb on Tuesday October 22, 2019 @07:44AM (#21322529)

That is just whataboutism. "What about this field?" "What about that cos?"

All of it is fraud. Regardless. Promising results with the intention of not sticking to it is fraud.

[ Parent | on HN ]