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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 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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Infosys has launched Infosys Equinox, a cloud-native digital commerce platform designed to enhance omnichannel experiences for B2B and B2C buyers. This API-first, microservices-based platform allows enterprises to customize digital journeys quickly, thereby supporting $15B+ in annual eCommerce gross merchandise value. Its features include customer experience excellence, scalability, and integrated marketing capabilities. Prominent companies like Kraft Heinz and Young Living leverage Equinox for rapid site launches and hyper-personalization, addressing the growing demands of modern digital commerce.
Infosys Public Services has secured a contract with Manitoba Public Insurance (MPI) to modernize driver licensing and vehicle registration for over 900,000 residents in Manitoba. This initiative will utilize the Infosys Celtic Vehicle and Licensing Solution, which features interoperable modules for various motor vehicle agency functions. The project aims for a digital transformation using a hybrid agile approach to enhance service efficiency while ensuring minimal disruption. The collaboration is expected to reduce operational costs and improve customer experiences across the province.
Infosys announces the establishment of a new digital development centre in Mississauga, Canada, set to create 500 jobs over the next three years. The centre aims to enhance digital skills in areas like artificial intelligence and machine learning to support Canadian businesses in their digital transformation. This initiative is part of Infosys' commitment to double its Canadian workforce to 4,000 employees by 2023. The company has already created thousands of jobs across various Canadian cities and collaborates with local educational institutions to bolster tech talent.
Infosys has launched Infosys Living Labs, facilitating digital innovation for over 100 global enterprises. This service provides on-demand digital infrastructure, enabling rapid experimentation and strategic innovations. Notable outcomes include improved sales for an American investment firm and a cloud-powered sorting system for a European mail service, enhancing operational efficiency. The initiative supports enterprises in adapting to market trends, driving recovery and growth in today's dynamic environment.
Infosys (NSE: INFY) has renewed its strategic collaboration with Select Portfolio Servicing Inc (SPS) to implement a Cobalt-powered infrastructure as a service (IaaS) solution, in partnership with Hitachi Vantara. This five-year engagement will enhance SPS's hybrid cloud, infrastructure services, and application services. The collaboration aims to design and automate a resilient private cloud infrastructure, maximizing data center flexibility and disaster recovery. Key executives from both companies express excitement over the partnership's potential to drive innovation and operational efficiency.
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