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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 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.
On November 17, 2020, Infosys (NYSE: INFY) announced a partnership with the Ellen MacArthur Foundation to advance the circular economy. This collaboration follows the launch of Infosys's Sustainable Business Unit, focused on integrating circular designs into products and supply chains. As a new member of the Foundation's Network, Infosys aims to align its Live Enterprise Suite with the Foundation's Circulytics tool, a performance measurement system for circular economy practices. Additionally, Infosys recently achieved PAS 2060 carbon neutrality, supporting its commitment to sustainability.
Infosys (NYSE: INFY) has been recognized as a Leader in Everest Group's PEAK Matrix® for Cloud-native Application Development Service Providers 2020. The report highlights Infosys' capabilities in enhancing digital transformation and agile processes for clients. Key strengths include a design thinking approach, a mature set of tools, and a strong team of domain experts. Infosys is noted for its collaborative initiatives and extensive partnerships that bolster client engagement. This recognition underscores Infosys' role in enabling clients to develop resilient cloud-native applications and drive innovation.
Infosys (NYSE: INFY) launched Infosys applied AI, a solution aimed at helping enterprises implement AI effectively. This offering combines AI, analytics, and cloud technology to enhance business operations and customer experiences. Companies can utilize ready-to-deploy AI solutions tailored to their specific needs, and also create custom solutions through a collaborative ecosystem. The service provides businesses tools to manage AI risks and focuses on building resilience and smart innovations that align with current digital transformation trends.
Infosys and Arizona State University (ASU) have formed a strategic partnership to enhance the learning experience for engineering graduate students, launching in Spring 2021. This initiative allows students in on-campus and remote classes to utilize the Infosys Wingspan platform, gaining technical certifications and practical project experience. The program aims to prepare graduates for competitive job markets, equipping them with skills to address industry challenges. Additionally, newly admitted master's students in selected programs will receive a scholarship for a year of free access to the Wingspan platform.
Infosys (NYSE: INFY) announced the successful implementation of Oracle Utilities Customer to Meter (C2M) at Citizens Energy Group in Indianapolis, enhancing customer experience and productivity. This two-year program involved business process standardization and integration with Edge systems, marking it as one of the world's first Oracle C2M transformations. Infosys utilized its North America Innovation Hub and proprietary solutions for the transition. The upgrade is expected to improve customer service efficiency significantly.
Infosys (NYSE: INFY) announced that its InStep global internship program has been ranked number one in the 'Best Overall Internship Program' category by Vault.com for the third consecutive year. The program also received top ranks in multiple subcategories, including Best Internship for Tech and Engineering, and Best Internship for Quality of Life. InStep participants praised the program for career advancement, networking, and international opportunities, despite being conducted in a hybrid model due to the pandemic. Over 186 interns from 19 countries participated in the FY 20-21 program.
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