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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 has announced a multi-year strategic collaboration with First Abu Dhabi Bank (FAB), the largest bank in the UAE, to optimize and modernize FAB's IT infrastructure. Leveraging Infosys Cobalt, a suite of services and solutions aimed at accelerating cloud journeys, Infosys will deliver industry-leading infrastructure-managed services including service desk capabilities. The collaboration will focus on integrating enterprise tools to improve service quality, reduce risks, and enhance business outcomes. Key features include AI and ML-based automation, proactive monitoring, and blueprint-based environment provisioning. This partnership aims to transition FAB's IT to an outcome-oriented, automated-managed services model, enhancing speed, agility, scalability, and flexibility. The Middle East remains a strategic growth market for Infosys, and this collaboration underscores their commitment to enabling large enterprises in the region to navigate their digital and AI-first journeys.
Infosys announced a new three-year partnership with the ABB FIA Formula E World Championship to enhance fan experiences through AI and digital innovations. The collaboration focuses on fan engagement, in-race insights, and sustainability solutions, aiming to engage 500 million fans by 2030 and support Formula E's carbon reduction target of 45% by 2030.
Infosys has announced a collaboration with Yunex Traffic to accelerate their SAP S/4HANA-led digital transformation journey across 16 countries. This collaboration aims to enhance business efficiency, enable real-time reporting and analytics, reduce maintenance costs, and accelerate time-to-market. Infosys will leverage its Cobalt platform to drive Yunex Traffic's ERP transformation, consolidating disparate business processes and IT systems into a cloud-based unified system.
Infosys and ServiceNow announced a strengthened collaboration to transform customer experiences with generative AI-powered solutions at ServiceNow's Knowledge 2024 event. The partnership aims to enhance productivity, efficiency, and user experience by combining ServiceNow's Now Assist generative AI capabilities with Infosys Cobalt cloud offerings. Infosys will double its training investment by certifying more than 3,500 employees with ServiceNow GenAI skills. The collaboration will focus on developing industry applications, offering chatbots, and addressing critical business process challenges across various sectors.
Infosys and ServiceNow have announced a strengthened collaboration to transform customer experiences with generative AI-powered industry solutions. The partnership aims to increase productivity, enhance efficiency, and improve user experience by combining ServiceNow's Now Assist generative AI capabilities and Infosys Cobalt cloud offerings. Infosys will double its investment in training by certifying more than 3,500 employees with ServiceNow GenAI skills.
Infosys has obtained the ISO 42001:2023 certification for its Artificial Intelligence Management System, becoming one of the first IT services companies globally to achieve this milestone. The certification highlights Infosys' dedication to responsible AI practices, accountability, and risk mitigation in AI initiatives. The AIMS framework is part of Infosys Topaz Responsible AI Suite, offering accelerators and solutions to drive responsible AI adoption across enterprises. The certification provides a systematic approach to AI management, ensuring strong AI practices across multiple areas including client services, internal adoption, and product development.
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