Welcome to our dedicated page for Infosys American Depositary Shares news (Ticker: INFY), a resource for investors and traders seeking the latest updates and insights on Infosys American Depositary Shares stock.
Infosys Limited (NYSE: INFY) is a pioneering Indian multinational corporation specializing in business consulting, information technology, and outsourcing services. Founded in Pune and headquartered in Bangalore, Infosys is a global leader in IT services with an extensive workforce of nearly 250,000 employees. The company predominantly derives its revenue from North America, employing an offshore outsourcing model that constitutes 60% of its total income.
Infosys offers an array of services including traditional IT consulting, managed services, cloud infrastructure solutions, and business process outsourcing (BPaaS). The firm is renowned for its innovation in next-generation digital services, leveraging advanced technologies such as Artificial Intelligence (AI), cloud computing, and generative AI through its proprietary Infosys Topaz platform.
Recently, Infosys announced a strategic collaboration with Germany's Handelsblatt Media Group, aiming to revolutionize digital storytelling through AI technologies. This partnership will employ Infosys Topaz to enhance accessibility and user engagement with Handelsblatt’s economic and financial reports.
Infosys has also expanded its digital banking solutions through Infosys Finacle, recently partnering with UAE's pioneering digital-only bank, Zand. This collaboration involves deploying cloud-native solutions on Microsoft Azure to deliver a future-ready, AI-powered banking experience.
In addition to its technological advancements, Infosys has shown a strong financial performance. For FY24, the company reported $18.6 billion in revenue, with substantial growth margins and robust free cash flow. Furthermore, Infosys has announced significant partnerships and acquisitions, including a deal to acquire in-tech, a German Engineering R&D services provider, strengthening its capabilities in the automotive sector.
Infosys is deeply committed to sustainability and social responsibility, fostering an inclusive workplace where diverse talent thrives. The company’s dedication to digital transformation is evident through its sustained efforts in AI and cloud services, aiming to empower businesses and communities worldwide.
Infosys (NYSE: INFY) announced a strategic collaboration with ng-voice on February 28, 2023, aimed at enhancing telecom digital capabilities across Europe. Infosys will provide systems integration for ng-voice's cloud-native Infrastructure Management Services (IMS), enabling telecom operators to implement fully containerized solutions. This partnership highlights Infosys' deep domain expertise and its commitment to innovation in the telecommunications sector, supporting growth through agile cloud-native platforms. The collaboration seeks to streamline digital transformation and improve customer experiences in 5G networks.
Infosys (NYSE: INFY) has launched Private 5G-as-a-Service to enhance business value for enterprises globally. This service offers a flexible, pay-as-you-go model with high bandwidth and low latency, customized to meet clients' specific needs. The solution integrates Multi-access Edge Computing to minimize network lag, facilitating applications such as remote-guided vehicles and IoT use cases. Industry experts confirm that this offering accelerates digital transformation and is scalable, promising cost benefits and efficient deployment. Infosys aims to support businesses in navigating digital challenges using its extensive partner ecosystem.
Infosys (NSE: INFY) has announced an expanded collaboration with Microsoft aimed at accelerating enterprise cloud transformation globally. According to Infosys Cloud Radar, effective cloud adoption could generate $414 billion in net new profits annually for enterprises, with potential profit growth of up to 11.2% year-over-year. The partnership will integrate Infosys Cobalt solutions with Microsoft's industry clouds, enhancing application modernization, data analytics, and AI. This collaboration is set to enrich employee experiences for over 300,000 Infosys staff and promote innovation across various sectors, leveraging Microsoft Azure.
Infosys has launched Infosys Equinox Studio, a low-code/no-code cloud-native platform aimed at modern enterprises seeking to enhance their digital commerce experiences. This platform promises to reduce the effort and time-to-market by up to 90%, allowing businesses to manage their digital experiences seamlessly across various channels. Key features include speed of integration, rapid change management, and hyper-personalization capabilities. Infosys Equinox CEO, Amit Kalley, emphasized the importance of digital transformation in a challenging economic environment, while IDC's Heather Hershey highlighted the platform's potential to empower employees at all levels.
On February 7, 2023, Infosys Foundation USA announced the Crossroads 2023 conference, scheduled for February 7-10 at the Infosys Tempe Innovation Hub, aimed at expanding K-12+ computer science education. The invitation-only event will host over 200 participants from various sectors, discussing strategies to bridge the skills gap in digital education. With only 53% of US public high schools offering foundational computer science courses, the conference seeks to address this disparity. The initiative aligns with Infosys' ESG Vision 2030, targeting to enhance digital skills for 10 million individuals by 2025.
Infosys (NYSE: INFY) has announced a strategic collaboration with GE Digital on February 7, 2023, to enhance grid transformation within the utilities industry. This partnership aims to deliver innovative and scalable solutions aimed at creating a more reliable and sustainable grid. Key highlights include the establishment of a GE Digital Center of Excellence by Infosys, focusing on expanding talent around GE's GridOS® portfolio, and integrating advanced technologies like AI, Cloud, and IoT. The collaboration leverages both companies' strengths for improved grid management, increasing the efficiency and performance of utility operations.
Infosys has been recognized as one of the top 3 most valuable IT services brands globally, with a brand value of
Infosys reported robust Q3 performance with a strong year-on-year growth of 13.7% and sequential growth of 2.4% in constant currency. The company achieved its strongest large deal total contract value of $3.3 billion over the past eight quarters. Digital revenues constituted 62.9% of total revenues, growing at 21.7% YoY. Operating margins remained steady at 21.5%. The FY23 revenue guidance has been revised to 16.0%-16.5%, with operating margin guidance retained at 21%-22%. The strong performance reflects Infosys' deep client relevance and robust digital capabilities.
FAQ
What is the current stock price of Infosys American Depositary Shares (INFY)?
What is the market cap of Infosys American Depositary Shares (INFY)?
What services does Infosys Limited provide?
Where is Infosys Limited headquartered?
What recent partnerships has Infosys entered?
How many employees does Infosys have?
What is Infosys Topaz?
What financial performance did Infosys report for FY24?
What acquisitions has Infosys recently made?
What is Infosys Finacle?
How does Infosys contribute to sustainability?
In which regions does Infosys generate most of its revenue?
