Microsoft Corp - MSFT STOCK NEWS

At Microsoft's annual meeting on November 30, 2021, CEO Satya Nadella emphasized the company's growth mindset and its responsibility in driving digital transformation. CFO Amy Hood reported strong fiscal performance, highlighting growth in cloud services and consumer experiences. Shareholders elected 12 directors and approved a new Employee Stock Purchase Plan while rejecting several proposals related to diversity reports and facial recognition technology, reinforcing Microsoft's commitment to transparency and progressive practices. Results will be filed with the SEC.

Infogain has been recognized as a Star Performer and Major Contender in Everest Group’s Enterprise Quality Assurance (QA) Services PEAK Matrix® Assessment 2022. This recognition highlights Infogain's leadership in modern QA services, driven by its proprietary PAQman framework, which enhances software quality and integrates seamlessly with DevSecOps tools. Infogain's investment in touchless automation and intelligent testing solutions positions the firm to meet evolving client demands in a digital-first environment, according to Everest Group's assessment.

Kyndryl (NYSE: KD) and Microsoft (Nasdaq: MSFT) have formed a strategic partnership aimed at enhancing their enterprise services. This collaboration marks Kyndryl's first major deal since its independence and promises lucrative multi-billion dollar opportunities. The partnership will focus on delivering solutions leveraging Microsoft Cloud, enhancing hybrid cloud adoption, and managing mission-critical workloads. Additionally, a co-innovation lab will be established to advance skills and develop new capabilities. This alliance positions Kyndryl as a leader in the $500 billion managed services market.

Babylon Holdings Limited (NYSE: BBLN) reported a remarkable 371% year-over-year revenue growth in Q3 2021, totaling $74.5 million, driven by value-based care revenue of $55.7 million. The company signed contracts to manage over 350,000 lives globally by early 2022, backed by new capital of approximately $460 million from its merger with Alkuri Global Acquisition Corp. Despite a net loss of $66 million, Babylon's operational leverage improved, with technology costs significantly decreasing. Babylon anticipates 2021 revenue of $321 million and projects substantial monthly run-rate revenue exceeding $60 million in 2022.

The Hellenic Ministry of Culture and Sport and Microsoft Corp. announced a collaboration to digitally preserve Ancient Olympia using AI technology. This project allows global access to an immersive experience of Ancient Olympia as it existed over 2,000 years ago. It includes a mobile app, web platform, and a HoloLens 2 exhibition at the Athens Olympic Museum. The initiative aims to enhance tourism, education, and cultural heritage, digitally preserving 27 historic monuments, including the original Olympic Stadium and temples of Zeus and Hera.

Infogain, a Silicon Valley-based leader in digital platform and software engineering services, has appointed Vivek Sharma as the new VP & Head of Sales for Europe. With over 20 years of experience in technology sales and consulting, Sharma's expertise spans various industries including consumer goods and transportation. His role will focus on expanding Infogain's footprint in Europe and driving growth in intelligent digital platforms. This strategic hire aims to accelerate Infogain's aggressive growth plans in the region.

The AES Corporation has entered into a 15-year agreement with Microsoft to provide renewable energy for Microsoft's data centers in Virginia. This partnership aligns with Microsoft's goal of 100% renewable energy by 2030, using a portfolio of 576 MW of renewable projects, including wind, solar, and battery storage. The deal will help Microsoft operate its data centers on zero-carbon energy, contributing to a greener internet as 70% of global internet traffic passes through Virginia's data centers. AES's President emphasizes the partnership as a standard-setter for corporate decarbonization.

Infogain, a leader in human-centered digital solutions, has appointed Anil Kaul, PhD, as Chief Artificial Intelligence Officer. Kaul, also serving as EVP - AI and Analytics, will guide AI-led transformations for clients and enhance Infogain's internal AI capabilities. The company is set to double its investment in the NAVIK AI platform, focusing on product enhancement and new use cases. With over 350 advanced analytics professionals, Infogain aims to optimize customer operations and drive revenue growth through AI-driven solutions.

Microsoft announced that its fiscal year 2022 first-quarter financial results are now available on its Investor Relations website as of October 26, 2021. The company continues to focus on enabling digital transformation, enhancing both the intelligent cloud and edge. Investors can access the earnings press release and a live conference call scheduled for 2:30 p.m. Pacific Time. Microsoft's mission remains to empower every individual and organization globally to achieve more.