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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 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.
Infosys (NYSE: INFY) will announce its fourth quarter and annual results for the fiscal year ending March 31, 2021, on April 14, 2021, at 3:45 p.m. IST. Following the results announcement, a press conference will be held at 4:30 p.m. IST, streamed live on the company's Investor Relations website. An earnings call is scheduled for 6:00 p.m. IST, open to investors and analysts. Detailed dial-in information and registration for the call are provided in the press release. The results and further details will be archived on the Infosys website after the events.
Infosys (NYSE: INFY) and LivePerson (Nasdaq: LPSN) have partnered to enhance AI-powered conversations for brands via various messaging channels. This collaboration will leverage Infosys Cobalt and LivePerson’s Conversational Cloud to improve customer engagement and employee communication. The strategic focus areas include direct-to-consumer conversations and internal messaging experiences, which promise improved business performance, with studies indicating up to 20% increases in order value and 50% lower labor costs. This partnership aims to redefine customer experiences and support brands in achieving better outcomes.
Infosys BPM has announced a five-year extension of its collaboration with Newmont Corporation to standardize and digitize delivery models across mine sites. This partnership aims to leverage automation and AI to enhance operational excellence and deliver greater business value. Key initiatives include improved invoice processing and real-time visibility into performance metrics through an analytics-driven platform. Both companies anticipate significant productivity improvements and cost savings from this strategic engagement, underscoring Infosys BPM's commitment to digital transformation in mining.
Infosys (NYSE: INFY) announced its plan to increase its Canadian workforce by 500 jobs in Calgary, bringing the total to 4,000 employees by 2023. The expansion, highlighted by Alberta Premier Jason Kenney and Calgary Mayor Naheed Nenshi, aims to leverage the local talent pool affected by the COVID-related economic downturn. Infosys plans to partner with 14 Canadian educational institutions to source tech talent and enhance skills. This move aligns with Infosys's broader strategy to cater to clients in Western Canada while contributing to the region's economic recovery and growth.
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