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Infosys Limited - INFY STOCK NEWS

Welcome to our dedicated page for Infosys news (Ticker: INFY), a resource for investors and traders seeking the latest updates and insights on Infosys 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.

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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.

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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.

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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.

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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.

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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.

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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.

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Infosys (NSE: INFY, BSE: INFY, NYSE: INFY) has been ranked among the top 100 most valuable brands globally for the third consecutive year by Kantar BrandZ. Ranked #74 worldwide and #20 among B2B technology brands, Infosys is recognized for its strong client trust and capability relevance, especially in AI and cloud technologies. This year, Infosys was also listed among the top 3 IT services brands globally by Brand Finance. The company is noted for its strategic marketing investments, including campaigns with tennis icons Rafael Nadal and Iga Świątek. Furthermore, Infosys has made significant strides in digital skilling, reaching 11.75 million people, and remains carbon neutral for the fifth consecutive year.

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Infosys, in partnership with the French Tennis Federation, unveiled several AI-driven innovations for Roland-Garros 2024. Leveraging Infosys Topaz, these innovations aim to enhance the digital experience for fans, players, coaches, and media. Key features include the RG Gen AI Poster Challenge, AI Bracket Challenge, and an enhanced Players Portal with Split Screen Analysis. The 3D Art Museum now includes a Symbol Room showcasing Roland-Garros memorabilia. Additionally, Infosys continues its STEM program, engaging students with hands-on tech workshops. The tournament runs from May 20 to June 9, 2024.

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Infosys (INFY) announced a collaboration with Commerzbank and Murex to launch a unified trading platform, streamlining Commerzbank's business processes and IT operations. The project consolidated FX, FX derivatives, equity, and commodities onto Murex's MX.3 platform, enhancing efficiency and cost-effectiveness.

Infosys played a vital role in development, integration, testing, migration, and post-launch support. The initiative reduced infrastructure costs and prepared Commerzbank for future growth. Both Commerzbank and Infosys emphasized the project's success in improving process efficiency and adapting to market changes quickly.

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Infosys (NSE: INFY, BSE: INFY, NYSE: INFY), a leader in digital services and consulting, announced a multi-year collaboration with Telstra, Australia's top telecommunications company.

This partnership aims to transform Telstra's software engineering and IT infrastructure, enhancing customer experience through AI and cloud solutions. Utilizing Infosys' Topaz and Cobalt offerings, the collaboration seeks to simplify Telstra's technology landscape and drive innovation. This continues their 20-year partnership, with Infosys providing modern engineering practices to support Telstra's growth strategy.

Key executives, including Dinesh Rao of Infosys and Kim Krogh Andersen of Telstra, emphasized the importance of this collaboration in meeting increased consumer expectations and advancing digital leadership.

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FAQ

What services does Infosys Limited provide?

Infosys offers IT consulting, managed services, cloud infrastructure solutions, and business process outsourcing (BPaaS), leveraging advanced technologies like AI and cloud computing.

Where is Infosys Limited headquartered?

Infosys is headquartered in Bangalore, India.

What recent partnerships has Infosys entered?

Infosys recently partnered with Handelsblatt Media Group and UAE's Zand Bank to enhance digital storytelling and banking services, respectively.

How many employees does Infosys have?

Infosys employs nearly 250,000 people globally.

What is Infosys Topaz?

Infosys Topaz is an AI-first set of services, solutions, and platforms that leverage generative AI technologies to accelerate business value.

What financial performance did Infosys report for FY24?

Infosys reported $18.6 billion in revenue for FY24, with a strong operating margin of 20.7% and robust free cash flow of $2,882 million.

What acquisitions has Infosys recently made?

Infosys has acquired in-tech, an Engineering R&D services provider focused on the German automotive industry, to bolster its digital engineering capabilities.

What is Infosys Finacle?

Infosys Finacle is a subsidiary of Infosys that provides digital banking solutions, including core banking, lending, digital engagement, and AI-powered services.

How does Infosys contribute to sustainability?

Infosys is committed to being an environmentally sustainable organization, fostering an inclusive workplace, and driving continuous improvement through digital skills and innovation.

In which regions does Infosys generate most of its revenue?

Infosys derives 60% of its revenue from North America through its offshore outsourcing model.

Infosys Limited

NYSE:INFY

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90.22B
4.15B
12.82%
1.8%
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