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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 (NSE: INFY) has announced the opening of a new proximity center in Gothenburg, Sweden, aimed at enhancing its digital service offerings in the Nordics. This move underscores the company's commitment to localizing its strategy and supporting clients through their digital transformation journeys. The center is expected to strengthen Infosys' presence in Gothenburg, a growing hub for automotive and digital technologies. Notable leaders have expressed support for this expansion, highlighting its potential benefits for the local economy and industry.
Infosys (NSE: INFY) collaborates with UNLEASH to host the Global Innovation Lab 2022 from December 3rd to 10th at its Mysuru campus. This event aims to gather over 1,000 young innovators aged 18-35 to develop sustainable solutions aligned with the UN's Sustainable Development Goals (SDGs). Infosys emphasizes its commitment to digitally skill over 10 million people by 2025 and enhance educational opportunities globally. The partnership aims to create ESG-driven digital solutions while promoting youth participation in addressing significant global challenges.
Infosys (NSE: INFY) has announced a strategic collaboration with Envision AESC to develop a cloud-based platform aimed at digitizing processes in EV battery manufacturing. The platform will automate manual processes and enhance productivity, visibility, and quality monitoring through advanced analytics. Powered by AWS Cloud and Infosys Cobalt, this initiative seeks to provide scalable and resilient performance across operations. Both companies aim to accelerate innovation in battery technology, with a focus on sustainability and operational efficiency.
Research from Infosys highlights that companies can unlock over $460 billion in incremental profit by improving data practices, trusting AI, and integrating AI into business operations. Despite the potential, most firms struggle to implement these strategies effectively. The study indicates that 63% of AI models operate at basic capability and only 26% of practitioners are satisfied with their current tools. High-performing companies excel by transforming data management, fostering trust in data, and expanding AI teams beyond data scientists. The financial services sector leads in satisfaction with AI applications.
Infosys BPM announced the launch of a new Center of AI and Automation in Lodz, Poland, in collaboration with IBM. This marks a significant two-year partnership aimed at enhancing digital excellence for enterprises globally.
The center will feature innovative AI solutions tailored for hybrid cloud environments, enabling clients to address complex business challenges. The launch also celebrates Infosys BPM's 15th anniversary in Poland. This initiative aims to lower costs, improve productivity, and enhance customer experiences through comprehensive automation capabilities.
Infosys has partnered with KloudGin to implement a modernized mobile workforce management platform for Citizens Energy Group. This initiative aims to optimize customer-facing field operations in sectors like natural gas and water services. The SaaS solution, running on AWS, integrates work orders, inventory, and customer service functions, enhancing operational efficiency. The collaboration is expected to improve the customer and employee experience, with a focus on productivity and resource management.
Infosys (NYSE: INFY) has partnered with CIRCOR International to transform its IT infrastructure, enhancing service delivery and cybersecurity. The collaboration focuses on deploying SLA-based managed IT services, modernizing local data centers, and integrating ServiceNow as the IT service management platform. The initiative aims to deliver cost savings and productivity improvements while ensuring compliance with cybersecurity standards. This strategic engagement underscores Infosys' capabilities in system integration and automation to meet evolving client needs.
Infosys reported strong Q2 results with a year-on-year revenue growth of 18.8% and a sequential growth of 4.0% in constant currency. Digital services accounted for 61.8% of total revenues, growing 31.2% in constant currency. The company announced a share buyback of ₹9,300 crores and an interim dividend of ₹6,940 crores. Operating margins improved by 150 bps to 21.5%. Large deal TCV for the quarter was $2.7 billion, the highest in seven quarters. The FY23 revenue guidance was revised to 15%-16%.
Infosys (NYSE: INFY) inaugurated its Digital Centre in Calgary, Alberta, on September 26, 2022. The company plans to create 1,000 new jobs in Calgary over the next two years, doubling its previous commitment. This expansion supports Infosys' goal to grow its Canadian workforce to 8,000 employees by 2024. The centre aims to enhance collaboration with local clients and provide training in advanced digital technologies, positioning Calgary as a key tech hub.
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