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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) announced an expanded collaboration with Toyota Material Handling (TMH) to enhance dealer engagement via the Infosys Meridian platform. This digital solution facilitates a remote-first, hyper-productive work environment, helping TMH to host a virtual dealer event that surpassed previous attendance records. The initiative leverages AI and observability features to deliver engaging experiences, showcasing new products and training. Key executives expressed optimism regarding future collaborations.
Infosys (NYSE: INFY) announced a strategic collaboration with Spirit AeroSystems on February 8, 2021, to provide end-to-end IT integration for Bombardier's former aerostructures and aftermarket services assets recently acquired by Spirit. As the exclusive IT partner, Infosys will develop a robust IT framework utilizing Infosys Cobalt infrastructure solutions. This partnership aims to enable seamless IT integration, empowering Spirit's operations, and supporting its future diversification efforts. Both companies emphasize maximizing synergies to drive innovation and success in the aerospace sector.
Infosys (NYSE: INFY) has been selected by Siemens Gamesa Renewable Energy as a strategic partner for SAP S/4HANA implementation, aiming for a unified ERP system across 50+ countries. This collaboration follows the successful rollout of an SAP S/4HANA solution across 7 countries, enhancing Siemens Gamesa’s agility and digital capabilities. The partnership will enable real-time reporting and improved efficiency across the value chain, supporting enhanced competitive positioning. Siemens Gamesa's CIO highlighted the project as vital for process efficiency and cost management.
Infosys (NYSE: INFY) announced achieving Elite Status in the Snowflake Partner Network on January 27, 2021. This partnership aims to deliver transformational solutions through Snowflake's Data Cloud, emphasizing a hyper data economy that connects unlinked data across industries. Infosys will provide ready-to-launch cloud-first applications and co-create solutions integrating AI, cloud, and data analytics. Managed cloud consumption solutions will enhance governance and cost management, lowering TCO and improving ROI for enterprises. The collaboration aims to drive innovation and resilience in businesses.
Infosys (NYSE: INFY) launched Infosys Cortex, a cloud-based customer engagement platform utilizing technology from Genesys and Google Cloud. The platform aims to enhance customer care operations through intelligence-driven communication and improved decision-making. Key benefits include up to a 40% improvement in agent performance, a 30% boost in customer satisfaction, and faster agent training. Cortex also integrates with Genesys Engage, enabling personalized interactions and operational efficiency. This initiative positions Infosys to support enterprises in enhancing customer experiences in a digital-first environment.
Infosys (NYSE: INFY) has launched an applied AI cloud as part of its Cobalt offering, powered by NVIDIA DGX A100 systems. This initiative aims to facilitate the rapid development of AI capabilities for over 100 project teams, enhancing the company's capacity to deliver AI-driven business processes. The AI cloud will allow access to AI hardware and software across private and public clouds, improving infrastructure efficiency. The collaboration with NVIDIA aims to help organizations build AI centers of excellence, addressing the need for strategic platforms to scale AI applications.
Infosys has achieved the Google Cloud Partner Specialization in data and analytics, becoming one of the top global system integrators with this recognition. The accreditation highlights Infosys's end-to-end capabilities on Google Cloud, covering aspects such as data ingestion, analysis, and warehousing. This specialization enhances the Infosys Cobalt offering, showcasing technical expertise and facilitating enterprises' migration to cloud solutions. The achievement positions Infosys to deliver optimized services and accelerate digital transformations for clients.
Infosys reported strong Q3 results with revenues of $3,516 million, reflecting 8.4% YoY growth. Digital revenues exceeded 50% of total revenue, growing 31.3% YoY. The company achieved its highest sequential growth of 5.3% in 8 years and large deal TCV reached a record $7.13 billion, with 73% as net new. Operating margin improved to 25.4%, and revenue guidance for FY 21 was raised to 4.5%-5.0%. Additionally, Infosys announced its commitment to an ESG vision by becoming carbon neutral, significantly ahead of the 2050 Paris Agreement target.
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