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 reports recurring developments in AI-first business consulting, technology services, digital transformation and enterprise modernization. Company news commonly covers Infosys Topaz, its generative and agentic AI offering, Infosys Topaz Fabric for agentic services, and Infosys Cobalt for cloud services, solutions and platforms.
Updates also include strategic collaborations with technology, education, sports and enterprise customers; work for financial-services clients; software engineering and legacy modernization initiatives; digital fan-engagement platforms; brand and partnership announcements; and operating or financial results. Infosys serves clients through a global IT services model that includes consulting, cloud, AI, infrastructure, software delivery and business process outsourcing.
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.
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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.
Infosys (NSE: INFY) has announced a strategic collaboration with Envision AESC to develop a cloud-based platform aimed at digitizing processes in EV battery manufacturing. The platform will automate manual processes and enhance productivity, visibility, and quality monitoring through advanced analytics. Powered by AWS Cloud and Infosys Cobalt, this initiative seeks to provide scalable and resilient performance across operations. Both companies aim to accelerate innovation in battery technology, with a focus on sustainability and operational efficiency.
Research from Infosys highlights that companies can unlock over $460 billion in incremental profit by improving data practices, trusting AI, and integrating AI into business operations. Despite the potential, most firms struggle to implement these strategies effectively. The study indicates that 63% of AI models operate at basic capability and only 26% of practitioners are satisfied with their current tools. High-performing companies excel by transforming data management, fostering trust in data, and expanding AI teams beyond data scientists. The financial services sector leads in satisfaction with AI applications.
Infosys BPM announced the launch of a new Center of AI and Automation in Lodz, Poland, in collaboration with IBM. This marks a significant two-year partnership aimed at enhancing digital excellence for enterprises globally.
The center will feature innovative AI solutions tailored for hybrid cloud environments, enabling clients to address complex business challenges. The launch also celebrates Infosys BPM's 15th anniversary in Poland. This initiative aims to lower costs, improve productivity, and enhance customer experiences through comprehensive automation capabilities.
Infosys has partnered with KloudGin to implement a modernized mobile workforce management platform for Citizens Energy Group. This initiative aims to optimize customer-facing field operations in sectors like natural gas and water services. The SaaS solution, running on AWS, integrates work orders, inventory, and customer service functions, enhancing operational efficiency. The collaboration is expected to improve the customer and employee experience, with a focus on productivity and resource management.
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.