Welcome to our dedicated page for Infosys American Depositary Shares news (Ticker: INFY), a resource for investors and traders seeking the latest updates and insights on Infosys American Depositary Shares stock.
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) will announce its second-quarter results on October 14, 2020, at 3:45 p.m. IST. A virtual press conference will follow at 4:30 p.m. IST, where executives will address media questions, streamed live on their website. Additionally, a 60-minute earnings conference call will occur at 6:00 p.m. IST, open to investors and analysts worldwide. The company invites early registration for the call and will archive both the call and the conference on their website.
Infosys (NYSE: INFY) has successfully completed the acquisition of GuideVision, a prominent ServiceNow Elite Partner in Europe. This strategic move enhances Infosys' digital capabilities and strengthens its Cobalt portfolio of cloud services. With GuideVision's specialized tools like SnowMirror and training capabilities in multiple European locations, Infosys aims to advance cloud-first digital transformation for over 100 enterprise clients. This acquisition builds on Infosys' recognition as a leading Global Service Provider Partner of the Year from ServiceNow in both 2019 and 2020.
BENGALURU, India, Sept. 28, 2020 /PRNewswire/ -- EdgeVerve Systems, a subsidiary of Infosys, has partnered with Minit, a leader in process mining, to enhance operational efficiency for clients. This partnership aims to create a solution that combines AssistEdge Discover's process discovery capabilities with Minit's process mining, enabling businesses to identify inefficiencies and optimize automation success. This collaboration is anticipated to provide enterprises with actionable insights for business transformation, driving sustained growth and improved performance.
On September 28, 2020, Infosys (NYSE: INFY) and the French Tennis Federation unveiled new digital innovations for the 2020 Roland-Garros tournament. These enhancements enhance the fan experience through AI-powered analytics and cloud-based services, facilitating virtual interactions for millions of fans. Key features include an AI Match Centre, AI Coaching on the Players App, and AI-assisted journalism tools, all aimed at improving engagement and match analysis. The tournament runs from September 21 to October 11, 2020.
Infosys (NYSE: INFY) has been selected by Essential Utilities as a strategic partner for digital transformation. The collaboration will implement SAP S/4HANA and Customer Relationship Management for Utilities, enhancing operational efficiencies and user experiences. Essential Utilities serves 5 million people across 10 U.S. states and aims to improve customer service and operational insights through this partnership. Notable leaders from both companies expressed their excitement for the venture, highlighting its significance in the utilities sector.
Infosys (NYSE: INFY) announced its agreement to acquire GuideVision, a leading consulting partner for ServiceNow in Europe, enhancing its cloud services portfolio. The acquisition aims to strengthen Infosys' nearshore delivery capabilities across Europe, particularly in the Czech Republic, Hungary, Poland, Germany, and Finland. GuideVision's proprietary tools, such as SnowMirror, will complement Infosys Cobalt offerings. This strategic move is expected to close in Q3 of fiscal 2021, further improving Infosys' service management solutions.
Infosys, a leader in consulting and technology, announced plans to hire 500 additional tech workers in Rhode Island by 2023. The announcement was made alongside Governor Gina Raimondo and Secretary Stefan Pryor. This hiring is part of a broader commitment to recruit 12,000 workers nationally, totaling 25,000 positions. The new hires will support various tech roles, utilizing Infosys' Reskill & Restart program, aimed at reskilling those affected by the COVID-19 pandemic.
Infosys (NYSE: INFY) announced a commitment to create 12,000 new jobs in the U.S. over the next two years, raising its total hiring pledge to 25,000 jobs by 2022. This initiative aims to bolster the workforce amid economic challenges posed by the COVID-19 pandemic. The company plans to focus on hiring experienced technology professionals and recent graduates, facilitating their transition through training programs like the Reskill and Restart initiative. Infosys aims to enhance its presence in the U.S. as digital transformation accelerates.
Infosys (NYSE: INFY) has announced a five-year partnership with Genesys to enhance customer experience (CX) solutions. The collaboration aims to create innovative contact center offerings by combining their expertise and capabilities. Infosys will support R&D and operations for Genesys PureConnect™, while Genesys manages sales and marketing. This partnership comes amid rising demand due to the COVID-19 pandemic, allowing both firms to leverage AI and hybrid technologies for enhancing customer interactions. The partnership strengthens both companies' market positions in CX solutions.
Infosys (NYSE: INFY) has launched the Cognitive Email Workbench, an AI-driven solution aimed at enhancing helpdesk operations and query management. Developed in partnership with Blue Prism, this tool leverages AI, Natural Language Processing, and Optical Character Recognition technologies. It enables enterprises to automate email responses, improve customer interactions, and increase productivity. The solution allows companies to focus on critical requests, thus streamlining customer service processes. This initiative demonstrates Infosys's commitment to driving intelligent automation across industries, reflecting its ongoing digital transformation efforts.
FAQ
What is the current stock price of Infosys American Depositary Shares (INFY)?
What is the market cap of Infosys American Depositary Shares (INFY)?
What services does Infosys Limited provide?
Where is Infosys Limited headquartered?
What recent partnerships has Infosys entered?
How many employees does Infosys have?
What is Infosys Topaz?
What financial performance did Infosys report for FY24?
What acquisitions has Infosys recently made?
What is Infosys Finacle?
How does Infosys contribute to sustainability?
In which regions does Infosys generate most of its revenue?
