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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 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.
Infosys has launched new Enterprise Agile DevOps capabilities that aim to enhance customer focus and innovation. A recent study revealed that 74% of business leaders prioritize product management, and companies adopting seven Agile levers have a 63% higher growth chance. Key features include product-centric value delivery and data-centric live engineering. Notably, Syngenta Group reported significant improvements in service delivery and cost reduction after partnering with Infosys. The emphasis is on building Agile frameworks that accelerate digital transformation across various industries.
Infosys (NYSE: INFY), a leader in digital services, has been recognized as a Leader in The Forrester Wave™: Application Modernization and Migration Services, Q3 2021 report. The evaluation highlighted Infosys' extensive cloud capabilities via Infosys Cobalt, scoring the highest in service capabilities and execution roadmap. This recognition follows its previous acknowledgment in multi-cloud managed services. Infosys’ innovations like the Live Enterprise model enable enterprises to adapt swiftly to changes, particularly beneficial for the banking sector.
Infosys Public Services has implemented a pilot blockchain initiative in Riverside County, California, aimed at enhancing recordkeeping efficiency and security. This project, developed with Amazon Web Services, allows county officials to manage records digitally, reducing annual physical storage costs of approximately $500,000. The transition is expected to improve access to vital records, currently issued in paper format, by allowing citizens to retrieve them digitally within minutes. The initiative supports a broader digital transformation for the county, potentially benefiting multiple departments.
Infosys has launched a new Automotive Digital Technology and Innovation Center in Stuttgart, Germany, enhancing its commitment to the automotive sector. This center unites automotive and IT specialists to drive innovation and support sustainable growth, particularly in the electric vehicle market. It will provide advanced training and focus on IT infrastructure transformation, including AI and automation.
The center will help Daimler AG in its digital transformation efforts and bolster the German automotive industry against rising electric vehicle demand.
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