Infosys Stock Price, News & Analysis

Infosys (NYSE: INFY) has partnered with CIRCOR International to transform its IT infrastructure, enhancing service delivery and cybersecurity. The collaboration focuses on deploying SLA-based managed IT services, modernizing local data centers, and integrating ServiceNow as the IT service management platform. The initiative aims to deliver cost savings and productivity improvements while ensuring compliance with cybersecurity standards. This strategic engagement underscores Infosys' capabilities in system integration and automation to meet evolving client needs.

Infosys reported strong Q2 results with a year-on-year revenue growth of 18.8% and a sequential growth of 4.0% in constant currency. Digital services accounted for 61.8% of total revenues, growing 31.2% in constant currency. The company announced a share buyback of ₹9,300 crores and an interim dividend of ₹6,940 crores. Operating margins improved by 150 bps to 21.5%. Large deal TCV for the quarter was $2.7 billion, the highest in seven quarters. The FY23 revenue guidance was revised to 15%-16%.

Infosys (NYSE: INFY) inaugurated its Digital Centre in Calgary, Alberta, on September 26, 2022. The company plans to create 1,000 new jobs in Calgary over the next two years, doubling its previous commitment. This expansion supports Infosys' goal to grow its Canadian workforce to 8,000 employees by 2024. The centre aims to enhance collaboration with local clients and provide training in advanced digital technologies, positioning Calgary as a key tech hub.

Infosys (NSE: INFY) has announced a collaboration with Telenor Norway to aid in its digital transformation. The partnership aims to modernize Telenor's IT infrastructure and enhance its 'Beyond Connectivity' strategy, focusing on digital services, analytics, and AI. Infosys will leverage its tools to drive revenue growth, business agility, and operational stability for Telenor. Key executives highlighted the importance of this collaboration for delivering superior customer service and ensuring future readiness. This initiative is expected to create new revenue streams and improve user experiences.

Infosys (NYSE: INFY) announced a collaboration with Bpost to enhance cybersecurity as part of Bpost's cloud transformation. The partnership utilizes Infosys Cyber Next platform and Palo Alto Networks' solutions to secure Bpost's cloud environment and improve its cyber resilience. Key features include 24/7 security monitoring, threat intelligence, and AI-led incident responses. Bpost aims to strengthen its security posture for mail delivery and logistics services, enhancing overall customer experience while navigating escalating cyber threats in the postal industry.

Infosys has announced a strategic five-year agreement with Spirit AeroSystems to enhance product development through next-gen technologies. This partnership builds on a 16-year relationship and aims to provide comprehensive engineering services including design and maintenance for commercial and defense aircraft. Infosys will leverage its Aerospace Center of Excellence to expedite product development and innovate sustainable aerostructures. The collaboration highlights Infosys's commitment to advancing digital transformation in aerospace, enhancing efficiencies, and supporting Spirit's competitive advantage in the market.

Infosys reported strong financials for Q1 FY23, achieving 21.4% year-on-year revenue growth and 5.5% sequential growth in constant currency. Digital services accounted for 61% of total revenue, growing by 37.5% YoY. The company increased its revenue guidance for FY23 to 14%-16% while retaining margin guidance at 21%-23%. Operating margin for the quarter stood at 20%, with a Free Cash Flow conversion rate of 95.2%. Net hiring reached 21,171 employees, highlighting a robust talent acquisition strategy.

Infosys (NYSE: INFY) partners with the International Tennis Hall of Fame to enhance the fan experience through digital innovation. From July 10-17, 2022, at the Infosys Hall of Fame Open, a revamped tournament website will include features like Matchbeats, AI quizzes, and automated commentary. Additionally, a metaverse museum will celebrate tennis history, accessible globally. The full project launch is slated for 2023, aiming to engage fans through immersive digital experiences.

Infosys (NSE, BSE, NYSE: INFY) announced its acquisition of BASE life science, a European technology and consulting firm specializing in life sciences. This acquisition aims to enhance Infosys' capabilities in the digital transformation of clinical trials and drug development.

With a team of 200 experts across Europe, BASE focuses on data and AI solutions, enabling better health outcomes. The deal is expected to close in Q2 of fiscal 2023, subject to customary conditions.