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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 its commitment to hire 300 American workers in Pennsylvania, marking a significant expansion of its Retirement Services Center of Excellence. The company aims to enhance digital capabilities in the financial services sector, focusing on technology solutions for employee-sponsored retirement plans. This hiring initiative aligns with Infosys's broader plan to employ 25,000 American workers by 2022, having already hired 12,000 as part of this commitment. Infosys's focus on growth in the U.S. reflects its ambition to lead in digital transformation for financial institutions.
Infosys McCamish Systems has acquired a cutting-edge New Business and Underwriting platform from STEP Solutions Group. This strategic purchase aims to simplify insurance product management across North America. The platform enhances the existing VPAS® policy administration system, providing automated underwriting and personalized product recommendations, significantly reducing processing times from days to hours. Supported by development centers in the US and India, this acquisition positions Infosys McCamish to improve its service delivery in the competitive insurance market.
Infosys (NYSE: INFY), the Official Digital Innovation Partner of the Australian Open, is enhancing tennis experiences using advanced technologies. Innovations include 3D Court Vision for match analysis, an AO Virtual Slam for fan engagement, and AI Video Analysis for players and coaches. A 3D AO Virtual Hub is designed for sponsors and partners to connect remotely. These efforts aim to create immersive digital experiences, ensuring accessibility for all stakeholders during the tournament, amidst pandemic-related restrictions.
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.
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