Infosys Limited American Depositary Shares - $INFY STOCK NEWS

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.

Amanda Randles, a renowned biomedical scientist, has been awarded the ACM Prize in Computing for her revolutionary work in computational health. She has developed advanced algorithms and high-performance computing methods to diagnose and treat various human diseases, including heart conditions and tumors. Randles's simulations have led to significant advancements in medical diagnostics and patient care, earning her recognition and a $250,000 prize.

Infosys reported strong financial performance in FY24 with revenues of $18.6 billion, a large deal TCV of $17.7 billion, and operating margin of 20.7%. The company's FY25 guidance includes revenue growth of 1%-3% and operating margin of 20%-22%. The Board recommended a final dividend of `20 per share and a special dividend of `8 per share for FY24. Infosys also received India Income Tax orders and had a one-time impact on financial services client contracts. The company announced various strategic collaborations with clients in different sectors, showcasing its expertise in AI and cloud services.

Infosys announced the acquisition of in-tech, a leading Engineering R&D services provider focused on the German automotive industry. This strategic move strengthens Infosys' Engineering R&D capabilities, expands its footprint in Europe, and enhances its offerings in e-mobility, connected and autonomous driving, electric vehicles, and more. The acquisition brings deep client relationships, industry expertise, and a multidisciplinary team of 2200 people across multiple locations.

Infosys collaborates with Proximus to revamp customer service operations platform using Infosys Cobalt, enhancing usability and customer experience. Proximus standardizes processes on ServiceNow platform with Infosys' help, accelerating business value and minimizing customizations.

Infosys and Intel expand collaboration to accelerate AI journeys for global enterprises through advanced AI solutions. Infosys Topaz to integrate Intel-based solutions for Gen AI adoption and skill up employees on Intel products.

Infosys Finacle and Zand Bank collaborate to enhance corporate banking services with advanced cloud-native solutions on Microsoft Azure. Zand's adoption of Finacle modular core banking system signifies a strategic move towards innovation and cutting-edge technologies like AI and blockchain.