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 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.
Infosys (NSE: INFY) has announced a collaboration with Telenor Norway to aid in its digital transformation. The partnership aims to modernize Telenor's IT infrastructure and enhance its 'Beyond Connectivity' strategy, focusing on digital services, analytics, and AI. Infosys will leverage its tools to drive revenue growth, business agility, and operational stability for Telenor. Key executives highlighted the importance of this collaboration for delivering superior customer service and ensuring future readiness. This initiative is expected to create new revenue streams and improve user experiences.
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.
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?
