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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 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.
Infosys Foundation USA collaborates with CBS's Mission Unstoppable to feature three educators from the Pathfinders Institute, aimed at promoting STEM careers among young students. The first episode, airing on February 19, showcases Lisa Moe, a fourth-grade teacher from California, who inspires her students in computer science and engineering. The Foundation is committed to expanding access to STEM education for underrepresented groups, emphasizing the importance of role models in technology for young girls.
Infosys BPM plans to hire 400 skilled customer service workers in Costa Rica, expanding its workforce beyond 300. This initiative aims to support global organizations in digital transformation, aligning with the Costa Rican government's objectives for workforce development. The company will collaborate with nonprofit CINDE for recruitment. The announcement highlights a commitment to innovation and long-term growth in Latin America, with new hires receiving training for success.
Infosys' latest report indicates that companies can potentially gain $357 billion annually through people-focused transformations and ESG commitment. The findings reveal that mere digital adoption is insufficient for business success; companies must effectively utilize technology alongside a strong ESG orientation. The study surveyed around 2,700 leaders across various regions, showing that those integrating technology with ESG initiatives are more profitable. The research emphasizes a shift in corporate strategy where the relationship between technology and the workforce is now critical for success in the post-pandemic landscape.
Infosys, recognized as the fastest-growing IT services brand, saw its brand value surge by 52% year-on-year to $12.8bn, according to Brand Finance's Global 500 2022 report. The company rose by 56 ranks, reflecting significant growth in market position. Over the last two years, its brand value has increased by 80%. Infosys attributes this success to increased digital adoption by clients and strategic investments in digital transformation initiatives. The company's focus on innovation and its ESG commitments mark it as a leading digital transformation partner.
Infosys reported strong Q3 performance with 7.0% sequential growth and 21.5% year-on-year growth in constant currency. Revenues hit $4.25 billion, a 20.9% YoY increase, while digital revenues accounted for 58.5% of total sales, growing 42.6% YoY. The company achieved a healthy operating margin of 23.5% and total contract value of $2.53 billion in large deals. Free cash flow stood at $719 million, reflecting a YoY decline of 6.9%. The revenue guidance for FY22 was upgraded to 19.5%-20.0%. Notable partnerships were announced with companies like Daimler and bp to enhance digital transformation efforts.
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