Infosys Limited American Depositary Shares - INFY STOCK NEWS

Infosys and ServiceNow have expanded their strategic collaboration to provide end-to-end managed services, leveraging AI capabilities of the Now Platform and Infosys Enterprise Service Management Café (ESM Café) for enterprise business transformation. This partnership aims to accelerate ServiceNow implementation for enterprises by 30-40%, allowing faster time-to-value. Infosys ESM Café, part of Infosys Cobalt, offers over 70 applications covering various ServiceNow capabilities, including AI and sustainable digital solutions.

The collaboration showcases the power of ServiceNow's platform to revolutionize service delivery and improve operational efficiency. Infosys's expertise in the ServiceNow platform, combined with ESM Café, will enable companies like First Abu Dhabi Bank (FAB) to drive efficiency, productivity, and continuous service improvement across their enterprise.

A new report by Infosys (NSE: INFY) and MIT Technology Review Insights reveals that 67% of global enterprises have sophisticated cloud strategies, but less than 10% have fully integrated AI into their operations. The study, which surveyed 500 global industry leaders, found that:

- 48% of executives say their firms are experimenting with AI
- 45% cite concerns about data security, ethical use, privacy, and safety as limiting factors
- 71% expect spending on cloud infrastructure for AI to increase by at least 25% in the next two years
- 27% predict it will increase by 50-100%

The report highlights the growing importance of cloud-enabled AI and the need for significant, sustained investment in cloud infrastructure to realize AI's full potential.

Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY) has announced a collaboration with TDC Net, a Danish digital infrastructure and connectivity provider. The partnership aims to transform TDC Net from a traditional infrastructure company to a leading customer-centric technology company. Key objectives include:

1. Modernizing TDC Net's IT infrastructure
2. Improving customer experience
3. Optimizing IT and operational service costs

Infosys will implement AI-driven hyper automation to standardize and simplify TDC Net's IT systems, enhancing business productivity by consolidating systems into fewer platforms. This collaboration represents a significant milestone in TDC Net's journey towards becoming a fully digital and customer-centric technology company.

Infosys (NSE: INFY) reported strong Q1 FY25 results with 3.6% sequential revenue growth in constant currency, reaching $4,714 million. The company saw a 1% operating margin expansion to 21.1% and achieved its highest-ever free cash flow of $1,094 million, up 56.5% year-over-year. Infosys secured a record 34 large deals with a total contract value of $4.1 billion, 57.6% being net new.

The company provided FY25 guidance of 3%-4% revenue growth in constant currency and an operating margin of 20%-22%. Infosys also completed the acquisition of in-tech, enhancing its Engineering R&D services in the automotive sector. The company announced several strategic collaborations and received multiple industry recognitions for its digital services and AI capabilities.

Infosys Public Services (IPS), a subsidiary of Infosys, has been awarded a contract by the Delaware Department of Labor to modernize its labor systems, replacing outdated systems with Infosys LaborForce, a Salesforce-based platform. The new system will streamline unemployment insurance tax, benefits, and appeals programs, and develop a new paid family medical leave program. This cloud-native solution aims to improve customer service, operational efficiency, and security. The project has started, with CAI providing PMO and IT services to ensure smooth implementation. Infosys aims to leverage its extensive experience in modernizing labor systems across 20+ states.

Infosys has announced a five-year collaboration with Sector Alarm, a leading European security provider, to transform their enterprise business systems using Microsoft's Dynamics 365 Finance and Operations (F&O) on the cloud. The partnership aims to modernize Sector Alarm's financial and business operations across eight countries, including Norway, Sweden, Finland, Italy, and France. Leveraging Infosys Cobalt, this initiative will streamline finances, enhance business insights, facilitate CRM integration, and reduce the Total Cost of Ownership. The phased implementation will also improve customer retention, acquisition, and employee experience.

Infosys BPM has inaugurated a second facility at the Montana Industrial Park in Aguadilla, Puerto Rico. An investment of $200,000, supported by the Puerto Rico Economic Incentive Fund, will create 325 new jobs, expanding the current workforce of 300. The new office will cater to clients in aerospace, healthcare, insurance, financial services, and telecommunications. This expansion aims to boost the local economy and provide employment opportunities in knowledge-based data processing and customer service. Infosys BPM's CEO emphasized the company's commitment to innovation and operational efficiency.

Infosys (NYSE: INFY), a global leader in digital services and consulting, will ring The Opening Bell® at the New York Stock Exchange (NYSE) on June 21, 2024, commemorating its 25 years of listing in the U.S.

This event will feature key leaders including CEO Salil Parekh and CFO Jayesh Sanghrajka. Infosys has shown strong performance with a 22% revenue CAGR and 15% market cap CAGR since its U.S. listing in 1999. The company has also been recognized as a Top 100 global brand by Kantar BrandZ and the fastest-growing IT services brand by Brand Finance.

Additionally, Infosys is the only Indian firm in TIME Magazine's World's Best Companies of 2023 and has been acknowledged as one of the World's Most Ethical Companies by Ethisphere for four consecutive years. Infosys continues to prioritize sustainability, staying carbon neutral for the fifth year, guided by its ESG Vision 2030.

The Opening Bell® ceremony will be livestreamed at 9:26 AM EDT on June 21, 2024.

Infosys has launched Infosys Aster™, an AI-amplified marketing suite aimed at enhancing brand experiences, marketing efficiency, and business growth. The suite combines creative services, experience design, digital commerce, and MarTech orchestration to provide a comprehensive marketing solution.

Key benefits include up to 50% increase in repeat buyers, 30% improvement in marketing operational costs, and 40% increase in sales for B2B and B2C brands. The suite's AI capabilities, powered by Infosys Topaz™, offer real-time insights, predictive analytics, and personalized marketing strategies, significantly boosting efficiency and effectiveness.

Infosys Aster™ is backed by over 400 assets and a network of 50+ partners, delivering transformative marketing outcomes on a global scale. Industry leaders are already witnessing notable improvements in campaign management and customer engagement.