Infosys Stock Price, News & Analysis

On February 7, 2023, Infosys Foundation USA announced the Crossroads 2023 conference, scheduled for February 7-10 at the Infosys Tempe Innovation Hub, aimed at expanding K-12+ computer science education. The invitation-only event will host over 200 participants from various sectors, discussing strategies to bridge the skills gap in digital education. With only 53% of US public high schools offering foundational computer science courses, the conference seeks to address this disparity. The initiative aligns with Infosys' ESG Vision 2030, targeting to enhance digital skills for 10 million individuals by 2025.

Infosys (NYSE: INFY) has announced a strategic collaboration with GE Digital on February 7, 2023, to enhance grid transformation within the utilities industry. This partnership aims to deliver innovative and scalable solutions aimed at creating a more reliable and sustainable grid. Key highlights include the establishment of a GE Digital Center of Excellence by Infosys, focusing on expanding talent around GE's GridOS® portfolio, and integrating advanced technologies like AI, Cloud, and IoT. The collaboration leverages both companies' strengths for improved grid management, increasing the efficiency and performance of utility operations.

Infosys has been recognized as one of the top 3 most valuable IT services brands globally, with a brand value of US$13 billion, according to the Brand Finance Global 500 2023 Report. This marks an 84% increase in brand value since 2020, placing Infosys among the top 150 brands worldwide. The company's success is attributed to sustained client relevance, strategic investments in employee development, and a commitment to environmental and social governance. Furthermore, Infosys has made strides in digital transformation, evidenced by its metaverse initiatives and industry partnerships, while also being recognized for its commitment to ethical business practices.

Infosys reported robust Q3 performance with a strong year-on-year growth of 13.7% and sequential growth of 2.4% in constant currency. The company achieved its strongest large deal total contract value of $3.3 billion over the past eight quarters. Digital revenues constituted 62.9% of total revenues, growing at 21.7% YoY. Operating margins remained steady at 21.5%. The FY23 revenue guidance has been revised to 16.0%-16.5%, with operating margin guidance retained at 21%-22%. The strong performance reflects Infosys' deep client relevance and robust digital capabilities.

Infosys (NSE: INFY) has announced the opening of a new proximity center in Gothenburg, Sweden, aimed at enhancing its digital service offerings in the Nordics. This move underscores the company's commitment to localizing its strategy and supporting clients through their digital transformation journeys. The center is expected to strengthen Infosys' presence in Gothenburg, a growing hub for automotive and digital technologies. Notable leaders have expressed support for this expansion, highlighting its potential benefits for the local economy and industry.

Infosys (NSE: INFY) collaborates with UNLEASH to host the Global Innovation Lab 2022 from December 3rd to 10th at its Mysuru campus. This event aims to gather over 1,000 young innovators aged 18-35 to develop sustainable solutions aligned with the UN's Sustainable Development Goals (SDGs). Infosys emphasizes its commitment to digitally skill over 10 million people by 2025 and enhance educational opportunities globally. The partnership aims to create ESG-driven digital solutions while promoting youth participation in addressing significant global challenges.