Infosys Stock Price, News & Analysis

Infosys has launched Infosys Living Labs, facilitating digital innovation for over 100 global enterprises. This service provides on-demand digital infrastructure, enabling rapid experimentation and strategic innovations. Notable outcomes include improved sales for an American investment firm and a cloud-powered sorting system for a European mail service, enhancing operational efficiency. The initiative supports enterprises in adapting to market trends, driving recovery and growth in today's dynamic environment.

Infosys (NSE: INFY) has renewed its strategic collaboration with Select Portfolio Servicing Inc (SPS) to implement a Cobalt-powered infrastructure as a service (IaaS) solution, in partnership with Hitachi Vantara. This five-year engagement will enhance SPS's hybrid cloud, infrastructure services, and application services. The collaboration aims to design and automate a resilient private cloud infrastructure, maximizing data center flexibility and disaster recovery. Key executives from both companies express excitement over the partnership's potential to drive innovation and operational efficiency.

Infosys has launched new Enterprise Agile DevOps capabilities that aim to enhance customer focus and innovation. A recent study revealed that 74% of business leaders prioritize product management, and companies adopting seven Agile levers have a 63% higher growth chance. Key features include product-centric value delivery and data-centric live engineering. Notably, Syngenta Group reported significant improvements in service delivery and cost reduction after partnering with Infosys. The emphasis is on building Agile frameworks that accelerate digital transformation across various industries.

Infosys (NYSE: INFY), a leader in digital services, has been recognized as a Leader in The Forrester Wave™: Application Modernization and Migration Services, Q3 2021 report. The evaluation highlighted Infosys' extensive cloud capabilities via Infosys Cobalt, scoring the highest in service capabilities and execution roadmap. This recognition follows its previous acknowledgment in multi-cloud managed services. Infosys’ innovations like the Live Enterprise model enable enterprises to adapt swiftly to changes, particularly beneficial for the banking sector.

Infosys Public Services has implemented a pilot blockchain initiative in Riverside County, California, aimed at enhancing recordkeeping efficiency and security. This project, developed with Amazon Web Services, allows county officials to manage records digitally, reducing annual physical storage costs of approximately $500,000. The transition is expected to improve access to vital records, currently issued in paper format, by allowing citizens to retrieve them digitally within minutes. The initiative supports a broader digital transformation for the county, potentially benefiting multiple departments.

Infosys has launched a new Automotive Digital Technology and Innovation Center in Stuttgart, Germany, enhancing its commitment to the automotive sector. This center unites automotive and IT specialists to drive innovation and support sustainable growth, particularly in the electric vehicle market. It will provide advanced training and focus on IT infrastructure transformation, including AI and automation.

The center will help Daimler AG in its digital transformation efforts and bolster the German automotive industry against rising electric vehicle demand.

Infosys reported strong Q1 results for FY22, achieving a 16.9% year-on-year growth and 4.8% sequential growth in constant currency. Total contract value (TCV) of $2.6 billion was recorded, with digital revenues constituting 53.9% of total revenues and growing by 42.1% YoY. Operating margin stood at 23.7%, and free cash flow increased by 18.5% YoY. The company revised its revenue guidance to 14%-16% for the fiscal year. Infosys also initiated a share buyback program, purchasing 9.8 million shares to date.

Infosys (NSE: INFY) will announce its first-quarter financial results for the period ending June 30, 2021, on July 14, 2021, at 3:45 p.m. IST. The results will be accessible on the company’s website. Following the announcement, a virtual press conference will be held at 4:30 p.m. IST, where management will address media questions. Additionally, an earnings call will take place at 6:00 p.m. IST for investors and analysts, discussing the company's performance. All events will be available for live streaming and archived on the Infosys website.

Hillenbrand has elected Inderpreet Sawhney, previously Group General Counsel at Infosys, to its Board of Directors, expanding the board from 10 to 11 members. Sawhney brings over 25 years of experience, enhancing the board's governance with expertise in legal, ethics, and compliance across a global landscape. She aims to contribute to Hillenbrand's transformation and growth strategy, focusing on innovation. Sawhney will serve on the Audit and Nominating/Corporate Governance Committees, aligning her expertise with Hillenbrand’s ongoing goals to boost shareholder value.