Welcome to our dedicated page for Infosys American Depositary Shares news (Ticker: INFY), a resource for investors and traders seeking the latest updates and insights on Infosys American Depositary Shares stock.
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 reported strong Q1 results for FY22, achieving a 16.9% year-on-year growth and 4.8% sequential growth in constant currency. Total contract value (TCV) of $2.6 billion was recorded, with digital revenues constituting 53.9% of total revenues and growing by 42.1% YoY. Operating margin stood at 23.7%, and free cash flow increased by 18.5% YoY. The company revised its revenue guidance to 14%-16% for the fiscal year. Infosys also initiated a share buyback program, purchasing 9.8 million shares to date.
Infosys (NSE: INFY) will announce its first-quarter financial results for the period ending June 30, 2021, on July 14, 2021, at 3:45 p.m. IST. The results will be accessible on the company’s website. Following the announcement, a virtual press conference will be held at 4:30 p.m. IST, where management will address media questions. Additionally, an earnings call will take place at 6:00 p.m. IST for investors and analysts, discussing the company's performance. All events will be available for live streaming and archived on the Infosys website.
Hillenbrand has elected Inderpreet Sawhney, previously Group General Counsel at Infosys, to its Board of Directors, expanding the board from 10 to 11 members. Sawhney brings over 25 years of experience, enhancing the board's governance with expertise in legal, ethics, and compliance across a global landscape. She aims to contribute to Hillenbrand's transformation and growth strategy, focusing on innovation. Sawhney will serve on the Audit and Nominating/Corporate Governance Committees, aligning her expertise with Hillenbrand’s ongoing goals to boost shareholder value.
Infosys (NYSE: INFY) has partnered with Archrock to enhance digital technologies in field service operations. This collaboration aims to integrate Microsoft Dynamics 365 Field Service Application, improving operational efficiency and customer experiences. Archrock's initiative, part of a multi-year technology project, focuses on asset management and emissions reduction. Both companies emphasize leveraging digital tools to enhance service technicians' productivity and reduce vehicle mileage. The partnership underscores Infosys's expertise in the energy sector and commitment to delivering digital transformation.
Infosys (NYSE: INFY) and the French Tennis Federation have introduced new technologies to enhance the Roland-Garros experience for fans, players, and coaches. The innovations include AI, 3D solutions, and immersive tools aimed at bridging gaps created by the pandemic. Notable features are a 3D Virtual Art Museum, advanced AI tools for player training, and a revamped fan experience through the official app. The tournament runs from May 24 to June 13, 2021, highlighting Infosys' role as a Digital Innovation Partner, setting a standard for digital engagement in sports.
Infosys (NYSE: INFY) announced findings from its Cloud Radar 2021 study, revealing that companies can gain up to $414 billion in new profits annually through effective cloud adoption. The study emphasizes that achieving financial benefits requires at least 60% of systems to be in the cloud. Key drivers for profit growth include speed to market, enhanced capabilities, and new revenue sources. Despite significant progress, less than 20% of enterprises have crossed the 60% cloud threshold, with plans for an increase to over 40% by 2022.
Infosys (NYSE: INFY) has been selected by Britvic, a leading European soft drink company, as a strategic partner to enhance Britvic's digital transformation. This collaboration will focus on streamlining operations across Applications, Cloud Infrastructure, and Service Management, utilizing Infosys Cobalt to improve service delivery through automation and analytics. Senior Vice President Ambeshwar Nath emphasized the company’s commitment to driving innovation in the consumer goods sector. Britvic aims to leverage this partnership to achieve more agility and enhanced digital capabilities.
Infosys (NYSE: INFY) has partnered with bp to create an integrated Energy-as-a-Service (EaaS) solution aimed at enhancing energy management across campuses. The collaboration focuses on leveraging bp's energy expertise and Infosys' digital capabilities to optimize energy usage and reduce emissions. Following a pilot project at Infosys' Pune campus, the solution will be expanded to other locations. Infosys achieved carbon neutrality in 2020, aligning with bp's ambition for net zero by 2050, as both companies aim to revolutionize energy management through digital innovation.
Infosys reported a 12%-14% revenue growth guidance for FY22, alongside a strong FY21 performance. The company achieved a 5.0% CC growth and a record $14.1 billion in large deal TCV, with a 66% share from net new deals. Operating margins increased by 3.2% to 24.5%, and free cash flow soared by 38.5%. The Board announced a capital return of ₹15,600 crore ($2.08 billion), including a final dividend of ₹6,400 crore ($0.85 billion) and a buyback of ₹9,200 crore ($1.23 billion).
Infosys (NYSE: INFY) has announced a long-term strategic partnership with ArcelorMittal to enhance the steel company's digital transformation efforts in Europe. This collaboration aims to optimize ArcelorMittal's IT landscape and establish a Business Process Management (BPM) service within its shared services center. The partnership is expected to strengthen Infosys' presence in Europe and enable synergies across ArcelorMittal's global operations. Executives from both companies expressed optimism about the benefits this collaboration will bring in driving efficiency and operational excellence.
FAQ
What is the current stock price of Infosys American Depositary Shares (INFY)?
What is the market cap of Infosys American Depositary Shares (INFY)?
What services does Infosys Limited provide?
Where is Infosys Limited headquartered?
What recent partnerships has Infosys entered?
How many employees does Infosys have?
What is Infosys Topaz?
What financial performance did Infosys report for FY24?
What acquisitions has Infosys recently made?
What is Infosys Finacle?
How does Infosys contribute to sustainability?
In which regions does Infosys generate most of its revenue?
