Infosys Limited American Depositary Shares - INFY STOCK NEWS

Infosys (NSE: INFY) has announced a new partnership with Walmart Commerce Technologies aimed at enhancing retail technology solutions. This collaboration focuses on implementing 'Store Assist,' a system designed to streamline omnichannel customer experiences, including pickup and delivery options.

Karmesh Vaswani, EVP at Infosys, emphasized the need for innovative solutions to support retailers in today's complex supply chain landscape. The Store Assist application, built on Walmart's proven fulfilment technology, aims to optimize in-store operations by improving accuracy and execution speed while enhancing employee productivity.

This partnership leverages Infosys's extensive experience in digital solutions for over 190 retailers globally, providing them with tools to evolve into advanced, digitally empowered enterprises.

Infosys and ServiceNow have collaborated to launch the Infosys Live Operations platform, aimed at enhancing customer experience for telecom providers. This platform integrates with existing systems to streamline operations, promising up to 95% improvement in operational efficiency, 10-20% increase in quality of service, and 40% reduction in operational costs. The platform supports telecom service providers in reducing time-to-market for new products, leveraging ServiceNow technology.

Executives from both companies emphasize the importance of this partnership in addressing the challenges faced by telecom providers in today’s market. The platform aligns with Infosys Cobalt services, providing a comprehensive solution for the cloud journey.

Infosys (NYSE: INFY) has signed a Memorandum of Understanding (MoU) with Aramco to enhance human resource technology through AI and automation. This collaboration aims to improve HR data analytics, employee experience, and learning opportunities. Infosys plans to embed digital transformation tools into Aramco's HR platform, enhancing productivity and engagement. The partnership will focus on automating repetitive HR tasks, utilizing AI for insights and algorithmic decision-making. Faisal A. Al-Hajji from Aramco emphasized the goal to create a better workplace, while Ashiss Kumar Dash from Infosys noted the company's commitment to delivering a world-class employee experience. This initiative aligns with Infosys's strategy to leverage digital capabilities to support its clients' transformation journeys.

Infosys reported an impressive revenue of $18.2 billion for FY23, marking a year-over-year growth of 15.4% in constant currency terms. The company achieved an operating margin of 21.0%, consistent across fiscal periods while experiencing a slight YoY decline. Digital services accounted for 62.2% of total revenues, showcasing a robust growth of 25.6% in constant currency. The guidance for FY24 suggests revenue growth between 4%-7% and operating margins of 20%-22%. Free cash flow conversion stood at 95.7% in Q4, and total dividends for FY23 reached ₹34.00 per share, a 9.7% increase over FY22. Despite these achievements, Q4 revealed an 8.8% YoY growth against a sequential decline of 3.2%. Overall, Infosys continues to strengthen its position in the digital services market.

Infosys Public Services successfully deployed the Quantum Global Digital Management System for the United Nations Development Programme (UNDP) on March 23, 2023. This cutting-edge platform, based on Oracle's Fusion Cloud Applications Suite, streamlines various UNDP functions including human capital, financials, and supply chain management. By simplifying digital operations for over 50,000 users across 170 countries, Quantum enhances data quality and decision-making, aligning with UNDP's digital transformation strategy. The implementation was completed on schedule without interruptions, indicating strong project management and operational capabilities.

According to a recent study by Infosys and HFS Research, 82% of energy and utilities executives plan to increase spending on energy transition in the next year. The survey of 313 leaders revealed that 73% of global companies prioritize energy transition, with 79% of large firms (valued over $50 billion) expecting heightened importance in the coming 12-24 months. Key drivers include operational efficiency, environmental impact, and brand value. Additionally, 94% of executives anticipate increased IT spending. Infosys continues its commitment to sustainability, having achieved carbon neutrality in 2020 and partnering with bp to offer 'Energy-as-a-Service' solutions.