Infosys Limited American Depositary Shares - INFY STOCK NEWS

Infosys (NYSE: INFY) announced a collaboration with Bpost to enhance cybersecurity as part of Bpost's cloud transformation. The partnership utilizes Infosys Cyber Next platform and Palo Alto Networks' solutions to secure Bpost's cloud environment and improve its cyber resilience. Key features include 24/7 security monitoring, threat intelligence, and AI-led incident responses. Bpost aims to strengthen its security posture for mail delivery and logistics services, enhancing overall customer experience while navigating escalating cyber threats in the postal industry.

Infosys has announced a strategic five-year agreement with Spirit AeroSystems to enhance product development through next-gen technologies. This partnership builds on a 16-year relationship and aims to provide comprehensive engineering services including design and maintenance for commercial and defense aircraft. Infosys will leverage its Aerospace Center of Excellence to expedite product development and innovate sustainable aerostructures. The collaboration highlights Infosys's commitment to advancing digital transformation in aerospace, enhancing efficiencies, and supporting Spirit's competitive advantage in the market.

Infosys reported strong financials for Q1 FY23, achieving 21.4% year-on-year revenue growth and 5.5% sequential growth in constant currency. Digital services accounted for 61% of total revenue, growing by 37.5% YoY. The company increased its revenue guidance for FY23 to 14%-16% while retaining margin guidance at 21%-23%. Operating margin for the quarter stood at 20%, with a Free Cash Flow conversion rate of 95.2%. Net hiring reached 21,171 employees, highlighting a robust talent acquisition strategy.

Infosys (NYSE: INFY) partners with the International Tennis Hall of Fame to enhance the fan experience through digital innovation. From July 10-17, 2022, at the Infosys Hall of Fame Open, a revamped tournament website will include features like Matchbeats, AI quizzes, and automated commentary. Additionally, a metaverse museum will celebrate tennis history, accessible globally. The full project launch is slated for 2023, aiming to engage fans through immersive digital experiences.

Infosys (NSE, BSE, NYSE: INFY) announced its acquisition of BASE life science, a European technology and consulting firm specializing in life sciences. This acquisition aims to enhance Infosys' capabilities in the digital transformation of clinical trials and drug development.

With a team of 200 experts across Europe, BASE focuses on data and AI solutions, enabling better health outcomes. The deal is expected to close in Q2 of fiscal 2023, subject to customary conditions.

Infosys (NSE: INFY) has entered into a strategic seven-year collaboration with TK Elevator to revamp its digital workplace management, IT infrastructure, and network security. This partnership aims to enhance cybersecurity and reduce operational costs through AI-powered IT services and automation. Infosys will harmonize global service desk and workplace operations, leveraging its expertise in digital transformation. TK Elevator expects this collaboration to foster innovation, efficiency, and improved user experiences for employees globally.

Amazon Web Services (AWS) has launched AWS Mainframe Modernization, a service designed to help customers transition their mainframe workloads to the cloud efficiently. This service allows organizations to either refactor or replatform their mainframe applications with minimal changes. With a managed runtime environment, it automates capacity provisioning, security, and application monitoring. Available now in several regions, the service supports various industries and partners like Infosys and TCS in leveraging AWS for modernization.

Infosys (NSE: INFY) has announced the launch of new digital innovations in partnership with the French Tennis Federation for the 2022 Roland Garros tournament. The five-year collaboration aims to enhance fan engagement through technologies like AR, VR, and AI, offering features such as a 3D Racket Exhibition and real-time match statistics. The initiative also introduces a STEM program to inspire youth in science and technology using tennis as a platform. These innovations will provide a more immersive experience for viewers and promote STEM education.

CareAR, a Xerox company, has partnered with Infosys to accelerate enterprises' exploration of the metaverse through the Infosys Metaverse Foundry. This collaboration aims to enhance service experience transformation via CareAR's service experience management (SXM) platform, utilizing applications like CareAR® Assist. The integration promises reduced costs, improved customer and employee experiences, and alignment with ESG goals by decreasing the need for field technicians. Both companies are targeting multiple industries including healthcare and manufacturing.