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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 Knowledge Institute's new research reveals that while companies expect significant productivity gains from AI adoption (15% on average, up to 40%), only 2% are fully ready across five key dimensions: talent, strategy, governance, data, and technology. The study, surveying over 1,500 respondents across six countries, highlights major gaps in enterprise AI readiness. Only 9% of companies have necessary AI capabilities, and just 10% report ease of data access for AI projects. The research outlines five important steps for successful AI implementation: developing comprehensive strategy, establishing responsible governance, upskilling workforce, preparing data infrastructure, and cultivating innovation culture.
Infosys has launched two small language models - Topaz BankingSLM and Topaz ITOpsSLM - built using NVIDIA's AI Stack. These models are developed through Infosys' dedicated NVIDIA center of excellence and integrate with existing offerings like Infosys Finacle and Topaz for business operations. The models utilize general and industry-specific data, enhanced by NVIDIA AI Enterprise and AI Foundry in collaboration with Sarvam AI. Infosys is also offering pretraining and fine-tuning services to help businesses build custom AI models securely and in compliance with industry standards.
Infosys (NSE, BSE, NYSE: INFY) has unveiled expanded Living Labs in London's Canary Wharf and announced a collaboration with the University of Cambridge to establish a new AI Lab. The Living Labs, part of a global network of 12 centers, will focus on Enterprise AI, featuring Infosys Topaz and Cobalt solutions to accelerate innovation and digital transformation for clients.
The new facilities are housed in a 25,000 sq. ft. state-of-the-art premises with capacity for 200 employees, designed with biophilic principles and awarded a Gold SKA Rating for sustainability. The collaboration with Cambridge University aims to combine Infosys' industry expertise with the university's research capabilities to address real-world challenges.
Infosys has expanded its collaboration with Meta to advance generative AI innovation through open-source initiatives. The company unveiled a Meta Center of Excellence focused on enterprise AI integration, leveraging Meta's Llama stack of open-source large language models. As an early adopter of Llama 3.1 and 3.2 models, Infosys is integrating them with its Infosys Topaz platform to develop AI solutions, including a document assistant for efficient contract review. The company also launched an AI Experience Zone at its Bengaluru campus to showcase enterprise AI advancements developed through this collaboration.
Infosys reported strong Q2 FY25 performance with 3.1% sequential and 3.3% year-on-year revenue growth in constant currency, reaching $4,894 million. Key highlights include:
- Operating margin at 21.1%
- Free cash flow of $839 million, up 25.2% YoY
- Large deal TCV of $2.4 billion, 41% net new
- H1 revenues grew 2.9% YoY in constant currency
The company revised its FY25 revenue growth guidance to 3.75%-4.50% in constant currency, while maintaining the operating margin guidance at 20%-22%. Infosys also announced several new client wins and collaborations, including Metro Bank, Proximus, TDC Net, Posti, Sally Beauty Holdings, Polestar, and LIC India.
Infosys and zooplus have announced a strategic collaboration to enhance zooplus' e-commerce capabilities and drive digital transformation. The partnership includes the establishment of a Global Capability Center (GCC) in Hyderabad, India. zooplus will leverage Infosys Topaz, an AI-first offering using generative AI technologies, to drive innovation and growth.
The collaboration aims to improve zooplus' marketing, e-commerce, and supply chain capabilities, as well as enhance its expertise in product management, technology, quality, design, and engineering. Infosys was chosen for its unique AI-first strategy and commitment to driving productivity improvements while achieving cost efficiencies.
This partnership is expected to play a important role in transforming zooplus' customer experience and significantly enhancing their technology and value chain capabilities.
Infosys and Microsoft have expanded their strategic collaboration to accelerate customer adoption of generative AI and Microsoft Azure globally. The partnership aims to help joint customers realize the value of their technology investments and secure transformative outcomes. Infosys, an early adopter of GitHub Copilot, has over 18,000 developers who have generated more than 7 million lines of code using the tool.
The collaboration will leverage Infosys' AI and Cloud offerings, including Infosys Topaz, Infosys Cobalt, and Infosys Aster, alongside Microsoft's technology to enhance customer experiences and drive enterprise AI adoption. Key sectors targeted include Financial Services, Healthcare, Supply Chain, Telecommunications, and Sustainability. Many solutions will be available on Azure Marketplace, allowing customers to utilize their Microsoft Azure Consumption Commitment.
Both companies are also focusing on Responsible AI practices and workforce skilling to support these initiatives.
Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY) and Old National Bank (NASDAQ: ONB) have expanded their strategic collaboration to accelerate the bank's operational and technological transformation. The partnership, which began in 2020, has enabled Old National to modernize its digital landscape using a self-funding model, resulting in improved stability, resiliency, and client experience.
The expanded collaboration will leverage Infosys' services, solutions, and platforms for operations transformation and process digitization powered by automation and GenAI. Jim Ryan, Chairman & CEO of Old National Bank, emphasized their commitment to exceptional client and team member experiences, while Dennis Gada, EVP and Global Head of Banking and Financial Services at Infosys, highlighted the cultural and strategic alignment between the two companies.
Infosys and the Handelsblatt Research Institute (HRI) have launched an AI-powered trend report titled 'AI Trend Report: How AI is Transforming Industries'. This innovative report leverages Infosys Topaz's generative AI capabilities to simplify access to complex global economic and financial information.
The report offers an in-depth analysis of AI applications across various industries, including retail, healthcare, agriculture, logistics, and manufacturing. Unlike traditional PDFs, users can interact with and customize the content using features such as interactive graphics, summarization, audio conversion, and translation.
This collaboration between Infosys and HRI aims to redefine digital storytelling and information dissemination. The AI-powered solution enhances HRI's ability to present complex economic relationships to a broad audience, taking their digital storytelling capabilities to a new level.
Infosys (NSE: INFY, BSE: INFY, NYSE: INFY) has announced a strategic collaboration with Sally Beauty Holdings, Inc. (SBH) to implement enterprise-scale IT transformation. The partnership aims to bring efficiencies through IT service delivery optimization and implement AI-driven hyper-automation using Infosys Topaz.
Key aspects of the collaboration include:
- Standardizing and simplifying SBH's IT systems and services
- Enabling 24/7 predictive and proactive monitoring
- Consolidating support services
- Driving process improvements
- Optimizing costs over a five-year period
This transformation aligns with SBH's 'Fuel for Growth' initiative and is expected to enhance customer experiences while improving operational efficiency.
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