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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 a definitive agreement to acquire assets and employees of Carter Digital, a leading experience design agency in Australia. This acquisition aims to enhance Infosys' global design capabilities and streamline its digital solutions for clients. Carter Digital's expertise in human-centered design and digital transformation will complement Infosys' existing services, including those from its brand WONGDOODY. The transaction is expected to close in Q4 of fiscal 2021, pending customary conditions.
Infosys (NYSE: INFY) announced the successful implementation of a global warranty solution on SAP S/4 HANA for Johnson Controls, enhancing customer-centricity and cost-efficiency. This solution integrates with legacy systems, streamlining factory warranty processes and improving asset visibility. With nearly 20 years of collaboration, Infosys aims to provide a digital-first experience for Johnson Controls' customers while supporting warranty claims efficiently. The project reflects Infosys's commitment to helping clients navigate digital transformations effectively.
Infosys, a leader in digital services, will announce its third-quarter results for the period ending December 31, 2020, on January 13, 2021, at 3:45 p.m. IST. A virtual press conference will follow at 4:30 p.m. IST, addressing media inquiries. The earnings conference call is set for 6:30 p.m. IST and will be open to investors and analysts globally. Participants can register via a provided link. This event will be streamed live and archived on the Infosys website for later access.
Daimler AG and Infosys (NYSE: INFY) have established a long-term strategic partnership to transform IT infrastructure within the automotive sector. This collaboration aims to enhance Daimler's IT capabilities while leveraging Infosys' expertise in automotive technology. Key initiatives include creating a hybrid cloud, carbon-neutral solutions, a Zero Trust network, and AI-powered workplace solutions. The transition will also include a workforce transition of automotive IT experts to Infosys, fostering growth in the automotive sector and providing career opportunities for Daimler employees.
Infosys (NYSE: INFY) has announced a partnership with El Paso Water to transform the utility's legacy customer information systems using Oracle Utilities Customer to Meter (C2M). The project aims to enhance customer experience and automate processes through the implementation of Infosys' Preconfigured Accelerator for Customer Experience (PACE). This strategic move will modernize EPWater's IT landscape, ensuring better audit control and financial transparency. The collaborative effort is projected to improve efficiency and customer satisfaction significantly.
Infosys (NYSE: INFY) has launched the Infosys Modernization Suite as part of Infosys Cobalt, aimed at accelerating enterprise modernization. The suite offers over 40 services and optimizes legacy system upgrades while enhancing customer experience. Key benefits include a 40% reduction in development efforts, 20-40% faster time-to-market, and 15-30% lower modernization costs. It features integrated platforms for cloud migration, tech migration, and database migration, serving over 600 clients worldwide.
Infosys (NYSE: INFY) and HFS Research released a report titled 'Nowhere to Hide,' examining the impact of COVID-19 on businesses. The study reveals that nearly 70% of Global 2000 executives believe the pandemic will have a greater effect than the 2008 financial crisis. Key findings include a push for digital transformation, with over 60% of enterprises accelerating their initiatives. The report emphasizes the importance of adapting business models and investing in IT to remain competitive in this evolving landscape.
Infosys (NYSE: INFY) has entered a strategic partnership with Rolls-Royce to provide engineering and R&D services for the Civil Aerospace sector in India. This collaboration involves transitioning significant engineering capabilities from Rolls-Royce's Bengaluru center to Infosys. The partnership aims to leverage Infosys' expertise in digital transformation and engineering services, enhancing Rolls-Royce's operational efficiency. Rolls-Royce emphasizes India's role in its engineering ecosystem, while Infosys aims to integrate advanced digital capabilities.
Infosys (NYSE: INFY) and the ATP have announced a three-year renewal of their partnership, continuing Infosys as Global Technology Services Partner through 2023. Since 2015, Infosys has been pivotal in developing digital assets for the ATP, enhancing fan experiences through technologies like AI and data analytics. Notable projects include ATP PlayerZone and ATP Stats. The renewal aims to push digital innovation and deliver deep insights into tennis through initiatives like 'Flashback 50' to celebrate the Nitto ATP Finals' 50th anniversary.
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