Infosys Limited American Depositary Shares - INFY STOCK NEWS

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.

Infosys (NYSE: INFY) has partnered with mobility specialist ZF to enhance its supply chain operations using SAP Integrated Business Planning and Infosys Cobalt. This collaboration aims to unify ZF’s fragmented demand planning tools into a single global platform, improving demand forecasting and inventory optimization. The implementation facilitates advanced, automated operations, enhancing efficiency and responsiveness across ZF's supply chain. ZF’s Vice President highlighted the project's significance for improving availability and reducing inventory costs. The announcement underscores Infosys's commitment to boosting supply chain resilience amidst ongoing macroeconomic challenges.

Infosys research reveals that only 7% of companies have the ideal culture and operational structure for achieving growth through digital technologies. The report, part of the Digital Radar survey conducted among 2,700 business executives globally, indicates that leveraging high-quality data and fostering a culture of responsible risk-taking significantly enhances profitability. Additionally, organizing teams around product offerings improves new product introduction rates by 50%. However, the report highlights that 95% of firms lack a universal 'live data' approach, and less than 10% have mastered the necessary capabilities to succeed in the digital landscape.