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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) 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.
Infosys (NSE: INFY) has renewed its partnership with Roland-Garros for an additional five years, extending their collaboration as the Official Digital Innovation Partner until 2026. The agreement aims to enhance broadcast experiences through innovations like the 'Infosys Stats Flash' and new digital engagement initiatives. Key areas of focus include powering digital innovations, advancing broadcast experiences, exploring the metaverse, and launching STEM programs in France. This partnership continues to push technological boundaries in tennis, benefiting players, fans, and broadcasters alike.
Infosys has launched the metaverse foundry to facilitate exploration of virtual and augmented environments for enterprises. This initiative aims to help businesses create immersive, interactive experiences, enhancing their operations and customer engagement. The metaverse foundry combines technologies such as AI, VR, and blockchain, offering over 100 ready-to-apply use cases. Infosys also plans to extend its corporate university to the metaverse, promoting innovative digital learning experiences. The launch highlights Infosys's commitment to driving digital transformation across various sectors.
Guidewire (NYSE: GWRE) and Infosys (NYSE: INFY) have partnered to enhance digital transformation for property and casualty (P&C) insurers. As a Select-level member of Guidewire PartnerConnect, Infosys will leverage its extensive experience in P&C insurance to accelerate the implementation of Guidewire's InsuranceSuite products. Infosys plans to expand its Guidewire Center of Excellence, enhancing training and certification efforts. This partnership aims to improve customer experiences and operational efficiency for insurers, aligning with Guidewire's roadmap for its cloud platform.
Infosys has launched the Infosys Springboard program in the U.S. as part of its ESG Vision 2030, aiming to empower 10 million individuals with digital skills by 2025. The initiative offers three learning tracks: 'Educating the Future,' 'Upskilling Today,' and 'Reskilling for Tomorrow,' targeting K-12 students, educators, and professionals. The program addresses the need for digital education, particularly in light of the pandemic's challenges, and leverages partnerships with educational institutions and non-profits to provide free online resources.
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