Infosys Collaborates with Microsoft to Accelerate Industry Adoption of Cloud

Rhea-AI Summary

Infosys (NSE: INFY) has announced an expanded collaboration with Microsoft aimed at accelerating enterprise cloud transformation globally. According to Infosys Cloud Radar, effective cloud adoption could generate $414 billion in net new profits annually for enterprises, with potential profit growth of up to 11.2% year-over-year. The partnership will integrate Infosys Cobalt solutions with Microsoft's industry clouds, enhancing application modernization, data analytics, and AI. This collaboration is set to enrich employee experiences for over 300,000 Infosys staff and promote innovation across various sectors, leveraging Microsoft Azure.

Positive

• Expanded collaboration with Microsoft to accelerate cloud transformation.
• Potential to generate $414 billion in new profits annually through cloud adoption.
• Expected profit growth of up to 11.2% year-over-year for enterprises.
• Integration of Infosys Cobalt solutions with Microsoft's industry clouds enhances modernization and innovation.
• Improved employee experience for over 300,000 Infosys employees through enhanced technological capabilities.

Negative

• None.

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Infosys Cobalt and Microsoft Cloud solutions will help businesses uncover value and accelerate enterprise cloud transformation

BENGALURU, India, Feb. 23, 2023 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it will expand its collaboration with Microsoft, to help accelerate enterprise cloud transformation journeys worldwide. According to the Infosys Cloud Radar, enterprises can add up to $414 billion in net new profits, annually, through effective cloud adoption. The report also calculated that adopting cloud improved speed to market and the ability to discover new revenue streams and resulted in increased profit growth by up to 11.2 percent YoY. The extended strategic collaboration between Infosys and Microsoft will greatly benefit enterprises by bringing them the best of Infosys Cobalt cloud offerings and Microsoft's cloud computing technologies, led by Azure, across the business value-chain.

The deepening of the collaboration will entail the onboarding of Infosys Cobalt solutions to Microsoft's industry clouds, to empower enterprises to build agile cloud-powered platforms and innovate at scale. The joint capabilities across application modernization, enterprise solutions, data analytics and AI, digital workplace solutions, low-code, no-code power platforms and cybersecurity innovations will create a robust foundation for cloud-powered transformation. These will bring enterprises the benefits that come from best of breed Microsoft platforms, along with Infosys Cobalt suite of cloud-powered solutions, implemented to minimize time-to-market and maximize value. For example, Infosys Helix, running on Azure, is delivering for the healthcare industry value from an AI-first, people-centric platform suite to analyze, customize and democratize data for payers, providers, members, and governments. Another powerful example is Infosys Equinox – a human-centric digital commerce and marketing platform that enables contextualized omnichannel buying experiences.

This extended engagement will also enrich employee experience and enhance overall productivity. Infosys Cobalt solutions and Microsoft technologies are enabling over 300,000 Infosys employees with hyper-personalized, deeply humanized experiences enabled through an experiential app that is available across devices and serves as a hub for information and actions. It is also integrated with an array of enterprise systems, including Microsoft Dynamics365, and enabled with enterprise-grade security. Furthermore, collaboration between Infosys Cobalt and Microsoft Commerce to drive extreme automation for product launches is also an area where both organizations are jointly innovating across the business value-chain, using Azure.

Microsoft is using Infosys' expertise to deliver the Support experience for its products, and this collaboration will further enhance the dedicated support and focus from the Microsoft CRM Center of Excellence set up by Infosys.

Anand Swaminathan, Executive Vice President & Global Industry Leader Communications, Media and Technology, Infosys, said, "Infosys and Microsoft have a longstanding 360-degree strategic collaboration. On the one hand, Infosys plays a pivotal role in accelerating Microsoft's transformation with digital services. On the other, Infosys has embraced Microsoft technology and Microsoft cloud solutions to empower our over 300,000 employees. Microsoft and Infosys also work closely to bring to enterprises, the world over, the value of Infosys Cobalt cloud solutions, and accelerate time-to-value for Microsoft enterprises business solutions. This extended collaboration will serve to harvest most value from all aspects of our well-rounded alliance."

Anant Maheshwari, President, Microsoft India, said, "This engagement with Infosys extends our trusted relationship over the past two decades and will accelerate the innovation and transformation journeys of businesses worldwide. As we continue to shape the future of the industry cloud, we are pleased to bring together our complementary strengths and serve our strategic customers better through Microsoft Azure-powered solutions with Infosys Cobalt."

About Infosys

Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.

Visit www.infosys.com to see how Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India and the US, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2022. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

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SOURCE Infosys

FAQ

What is the purpose of the Infosys and Microsoft collaboration announced on February 23, 2023?

The collaboration aims to accelerate enterprise cloud transformation globally by integrating Infosys Cobalt solutions with Microsoft Cloud services.

What financial impact is expected from the Infosys Cloud Radar findings?

The report indicates that effective cloud adoption could generate up to $414 billion in net new profits annually for enterprises.

How much profit growth is predicted for enterprises utilizing Infosys and Microsoft solutions?

Enterprises can see profit growth of up to 11.2% year-over-year through effective cloud adoption.

How will the collaboration affect Infosys employees?

The collaboration will enhance the experiences of over 300,000 Infosys employees, promoting productivity through better technology solutions.

What technologies are being integrated in the Infosys and Microsoft partnership?

The partnership integrates Infosys Cobalt cloud offerings with Microsoft Azure, focusing on application modernization, data analytics, and AI.