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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 has extended its digital innovation partnership with Tennis Australia until 2026, enhancing fan engagement and digital experience at the Australian Open. The partnership aims to utilize Big Data, AI, Virtual Reality, and Cloud technologies to deliver improved broadcast statistics, innovative digital tools, and greater access for underprivileged communities. Key initiatives include new match statistics, enhanced mobile app features, and advanced coaching tools for players. This collaboration continues from three successful years and is aimed at making tennis accessible for all.
Infosys collaborates with Packable to enhance its proprietary technology for brands in e-commerce. This partnership integrates Infosys's Equinox platform with Packable's technology, known as Packable IQ, creating a robust D2C-in-a-box solution. The collaboration aims to improve consumer engagement and optimize e-commerce operations, enabling brands to launch tailored D2C journeys rapidly. Packable, which is pursuing a merger with Highland Transcend Partners (HTPA), anticipates that this strategic alliance will bolster revenue growth and profitability for its brand partners.
Infosys (NYSE: INFY) has partnered with the Financial Times (FT) as its Digital Innovation Partner. This collaboration aims to foster innovative digital journalism through immersive storytelling and data-led experiences. Key initiatives planned for 2022 include a climate change simulation and a crossword app, aimed at enhancing reader engagement. FT's Director of Strategic Partnerships highlighted the potential to reach a broader audience, while Infosys emphasized setting new standards in news delivery. The FT boasts over one million paying readers, with a strong digital subscription base.
On December 1, 2021, Infosys (NSE: INFY) announced an extension of its partnership with Proximus, Belgium's leading digital services provider. This collaboration focuses on digitally transforming and maintaining Proximus' IT applications through advanced AI and automation. Infosys will manage the development and operations of these applications, aiming to support Proximus' digital initiatives and cost reduction efforts. The collaboration, existing for over 24 years, highlights both companies' commitment to enhancing digital capabilities in a sustainable manner.
Infosys (NSE: INFY) announced that its InStep internship program has been recognized as the 'Best Overall Internship Program' in the 2021 Vault Internship Rankings for the fourth consecutive year. The program excelled in categories such as Tech and Engineering, Compensation, and Diversity. Over 250 interns from diverse backgrounds participated virtually due to the pandemic, with a high percentage receiving full-time job offers after the program. Chief Operating Officer Pravin Rao highlighted the commitment to talent development through meaningful work and digital platforms.
Infosys, a global leader in digital services, announced a partnership with Daimler to transfer its High-Performance Computing workloads to Lefdal Mine Datacenter in Norway, one of Europe's most eco-friendly data centers. This collaboration supports Daimler's sustainability initiative, 'Ambition 2039', aiming for CO2 neutrality by 2039. The Lefdal facility is powered entirely by renewable energy, significantly reducing the carbon footprint associated with high-performance computing. Infosys' 'Green Data Center as a Service' offering showcases a scalable solution for businesses looking to decarbonize.
Infosys Public Services (IPS) has upgraded the South Florida Water Management District's (SFWMD) ERP system to the SAP S/4HANA platform, enhancing efficiencies and analytical capabilities. This migration, completed in under a year, improved application response times by up to 90% and boosted employee productivity by 10%. SFWMD manages water resources for 16 counties and 9 million residents, relying on the upgraded system for critical operations. IPS utilized advanced migration tools to ensure a smooth transition while enhancing user experience and data management.
Infosys has been named the Official Digital Innovation Partner for Madison Square Garden Sports and Entertainment. This multi-year partnership will create a digital command center at Madison Square Garden, enhancing real-time operational updates for staff and improving the fan experience. Additionally, Infosys will deliver in-depth game stats for the New York Knicks and Rangers, and brand integration throughout The Garden. This collaboration aims to utilize data and analytics to elevate the fan experience, making it more efficient and engaging.
Infosys (NSE: INFY) has partnered with Bloomberg Media to launch the Bloomberg Digital Economy Index, set to debut in 2022. This index will measure global technology investments by CTOs and CIOs, providing real-time insights for enterprise decision-makers. Utilizing Infosys' analytics and AI, the collaboration aims to enhance Bloomberg's digital platforms and television programming. The index will address the growing demand for digital skills, equipping leaders with critical data to navigate technological advancements.
Infosys (NYSE: INFY) announced a 3-year partnership with the Thurgood Marshall College Fund (TMCF) to support diversity in STEM jobs. This initiative aims to create job opportunities for at least 1,600 graduates from Historically Black Colleges and Universities (HBCUs). Additionally, the Infosys Foundation USA will sponsor TMCF's Teacher Quality & Retention Program, investing in future K-12 STEM educators. The program's impact is expected to reach nearly 4,000 K-12 students. Infosys emphasizes its commitment to equal opportunities and diversity in the workforce, striving for a workforce reflective of America's demographics.
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