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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) reported impressive FY22 results, achieving $16.3 billion in revenue, marking a 19.7% growth in constant currency—the highest in a decade. Operating margin stood at 23.0%, with EPS increasing by 15.2%. The strong performance was fueled by large deal wins totaling $9.5 billion, with Q4 showcasing a 1.2% growth sequentially and a TCV of $2.3 billion. For FY23, the company projects a revenue growth of 13%-15% and an operating margin of 21%-23%. Free cash flow exceeded $3 billion, and a final dividend of ₹16 per share was proposed.
Infosys (NSE: INFY), in collaboration with Rolls-Royce, launched an 'Aerospace Engineering and Digital Innovation Centre' in Bengaluru, India, aimed at enhancing R&D services integrated with digital capabilities. This initiative is set to strengthen Rolls-Royce's engineering ecosystem and support the revival of the aerospace sector. The partnership emphasizes mutual benefits over the next seven years, focusing on digital transformation and cost optimization in engineering services. Key executives from both companies expressed optimism regarding their collaboration and its potential impact on the global civil aerospace market.
On March 23, 2022, EY announced a global alliance with Infosys, enhancing their collaboration in tech-enabled transformation programs. The alliance focuses on deploying agile digital solutions to improve efficiency, reduce costs, and drive growth for organizations. By integrating EY’s consulting services with Infosys' technology platforms, they aim to empower businesses' digital transformation agendas through innovative strategies. The alliance will leverage technologies like cloud, IoT, and AI to help clients navigate legacy transitions and enhance their market competitiveness.
Infosys (NSE: INFY) announced a definitive agreement to acquire oddity, a Germany-based digital marketing agency, strengthening its digital experience capabilities in Europe and Northeast Asia. This acquisition emphasizes Infosys' commitment to enhancing its creative and branding services, aiming to help clients navigate digital transformation. oddity, with over 300 experts, specializes in digital-first brand management and e-commerce services. The acquisition is expected to close in the first quarter of fiscal 2023, subject to customary conditions.
Infosys (NYSE: INFY) has partnered with the International Tennis Hall of Fame (ITHF) as its Official Digital Innovation Partner and title sponsor of the Infosys Hall of Fame Open. This multi-year collaboration aims to enhance the fan experience and preserve tennis history through digital innovations. Scheduled for July 10-17, 2022, the tournament is the only ATP grass-court event in the U.S. Infosys will leverage its expertise to offer immersive digital experiences and content, including the TennisWorthy video series, solidifying the ITHF's leadership in digital engagement.
On March 8, 2022, Infosys (NSE: INFY, BSE: INFY, NYSE: INFY) announced an expanded collaboration with Dow Jones. This partnership aims to enhance Dow Jones's digital services through innovative strategies and AI-powered personalization. Dow Jones's CEO, Almar Latour, emphasized the importance of delivering unique journalism and analysis, while Infosys CEO, Salil Parekh, highlighted the focus on improving user experiences. The collaboration will leverage analytics and machine learning to assist professionals in making informed business decisions.
Infosys (NSE: INFY) announced a collaboration with Telenor Norway to transform its finance and supply chain operations using a standardized Oracle Cloud ERP solution. The ERP implementation spans 10 Telenor entities and was executed within 9 months, enhancing operational efficiency and business agility. Telenor's executives emphasized the importance of collaboration and standardized processes in achieving a successful transition. This partnership reinforces Infosys's commitment to delivering innovative digital solutions in the telecommunications sector.
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