INFOSYS WILL MOVE ITS BUSINESS OUT OF RUSSIA

India’s second-largest IT services provider Infosys said on Wednesday it is moving its business out of Russia due to the ongoing conflict in the region. “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 MD Salil Parekh said while replying to a question on the impact of the Russia-Ukraine crisis on the company’s business in Russia. Parekh said Infosys has fewer than 100 employees in Russia. “We don’t have clients in Russia. The work we do in Russia is for the global clients, for which we have started a transition. At this stage we have no impact on our business from an Infosys perspective,” he said.

However, he said the company is very concerned about the development in the region. “We are very concerned about what’s going on, on the ground,” Parekh said. He said the company would help its employees in Russia to relocate and work in other geographies, especially in East Europe.