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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 (NYSE: INFY) has partnered with Posten Norge to digitally transform its IT Service Management. The collaboration aims to implement ServiceNow, enhancing IT processes for modern software delivery. This strategic partnership leverages Infosys Cobalt's AI-powered solutions to foster faster innovation and responsiveness to customer demands. Posten Norge aims to build a future-oriented IT service management capability, ensuring better service for its customers. The alliance positions both companies to co-create digital solutions, enhancing their competitive edge in the Nordic region.
Infosys reported strong Q2 performance for FY22, with revenues reaching $3,998 million, a YoY increase of 20.7%. The company achieved a 19.4% YoY growth in constant currency and a 6.3% increase QoQ. Key highlights include a large deal signing total contract value of $2.15 billion, a stable operating margin at 23.6%, and an interim dividend of ₹15 per share. The outlook remains positive with an increased revenue growth guidance of 16.5%-17.5%. Digital revenue now comprises 56.1% of total revenues, reflecting robust demand for digital transformation services.
Infosys (NYSE: INFY) has partnered with the ATP Tour to launch new match stats and analysis tools designed to enhance fan engagement in men's professional tennis. Available on ATPTour.com, the tools provide real-time data and insights for over 60 ATP events each season. Key features include MatchBeats for point-by-point analysis, Rally Analysis to dissect impactful rallies, and 3D CourtVision for immersive viewing. These innovations leverage big data analytics and AI technologies, marking the seventh year of Infosys's collaboration with the ATP.
Infosys (NSE: INFY), a leader in digital services, will announce its second quarter results for the period ending September 30, 2021, on October 13, 2021, at approximately 3:45 p.m. IST. A common press conference will follow at 4:30 p.m. IST, with a live stream available on their website. An earnings call for investors and analysts will take place at 6:00 p.m. IST. Participants can register via the DiamondPass link. The conference will be archived on their website post-event.
Infosys (NSE: INFY) announced a strategic collaboration with Amazon Web Services (AWS) on September 22, 2021, to develop quantum computing capabilities. This partnership will utilize Amazon Braket to create and explore quantum use cases in various sectors including logistics and finance. The collaboration enhances Infosys Cobalt, aimed at accelerating cloud services for enterprises. Infosys aims to prepare businesses for future quantum impacts, thereby fostering innovation and addressing complex computational challenges.
Infosys (NSE: INFY) announced a collaboration with ServiceNow to enhance enterprise-level service management solutions for manufacturing industries. This initiative aims to leverage Infosys Cobalt's industry cloud blueprints and ServiceNow's Operations Technology Management (OTM) to support digital transformation in manufacturing. The collaboration will improve resilience and efficiency in operations while extending services to other sectors such as consumer packaged goods and energy. Key executives highlighted the critical need for digital innovation to optimize supply chains and factory performance.
Infosys (NSE: INFY) announced a collaboration with Frost Bank to enhance its mortgage loan offerings. This partnership aims to modernize the bank's mortgage process from origination to servicing, improving customer experience and operational efficiency. Infosys will leverage its experience in transforming mortgage businesses and global best practices to support Frost Bank's expansion in this sector over the next five years. The initiative responds to consumer demands for integrated lending solutions, as emphasized by Frost Bank's CEO, Phil Green.
Infosys (NSE: INFY) has announced a strategic collaboration with SAP to provide Business Process Transformation-as-a-Service (BPTaaS) for enterprises. This partnership aims to leverage business process intelligence (BPI) to enhance transformation journeys by identifying obstacles and creating actionable roadmaps. Infosys will integrate its Industry Cloud solutions with the RISE with SAP offering to reduce complexity and improve customer experiences. The collaboration aims to enhance process governance and drive down costs through continuous improvements.
EdgeVerve Systems, a subsidiary of Infosys (NSE: INFY), announced the launch of AssistEdge 19.0 on Sept. 14, 2021. This updated automation platform aims to support large process automation within enterprises by enhancing process visibility and integrating AI technologies. Key features include low-code platforms for citizen developers, end-to-end orchestration, and contextual data discovery. The goal is to enable organizations to build customizable customer journeys while leveraging intelligent automation and human expertise.
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