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 Public Services launched Infosys LaborForce, a cloud-native Platform as a Service (PaaS) solution for Unemployment Insurance (UI) systems, on April 19, 2022. Built on the Salesforce Platform, LaborForce aims to assist states in overhauling their unemployment systems by improving tax, benefits, and workforce programs. The platform offers features like automated case management and advanced fraud detection, enhancing user experience for state employees and citizens. This solution is seen as critical for modernizing UI systems, especially post-COVID-19.
Infosys (NSE: INFY) reported impressive FY22 results, achieving $16.3 billion in revenue, marking a 19.7% growth in constant currency—the highest in a decade. Operating margin stood at 23.0%, with EPS increasing by 15.2%. The strong performance was fueled by large deal wins totaling $9.5 billion, with Q4 showcasing a 1.2% growth sequentially and a TCV of $2.3 billion. For FY23, the company projects a revenue growth of 13%-15% and an operating margin of 21%-23%. Free cash flow exceeded $3 billion, and a final dividend of ₹16 per share was proposed.
Infosys (NSE: INFY), in collaboration with Rolls-Royce, launched an 'Aerospace Engineering and Digital Innovation Centre' in Bengaluru, India, aimed at enhancing R&D services integrated with digital capabilities. This initiative is set to strengthen Rolls-Royce's engineering ecosystem and support the revival of the aerospace sector. The partnership emphasizes mutual benefits over the next seven years, focusing on digital transformation and cost optimization in engineering services. Key executives from both companies expressed optimism regarding their collaboration and its potential impact on the global civil aerospace market.
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On March 23, 2022, EY announced a global alliance with Infosys, enhancing their collaboration in tech-enabled transformation programs. The alliance focuses on deploying agile digital solutions to improve efficiency, reduce costs, and drive growth for organizations. By integrating EY’s consulting services with Infosys' technology platforms, they aim to empower businesses' digital transformation agendas through innovative strategies. The alliance will leverage technologies like cloud, IoT, and AI to help clients navigate legacy transitions and enhance their market competitiveness.
Infosys (NSE: INFY) announced a definitive agreement to acquire oddity, a Germany-based digital marketing agency, strengthening its digital experience capabilities in Europe and Northeast Asia. This acquisition emphasizes Infosys' commitment to enhancing its creative and branding services, aiming to help clients navigate digital transformation. oddity, with over 300 experts, specializes in digital-first brand management and e-commerce services. The acquisition is expected to close in the first quarter of fiscal 2023, subject to customary conditions.
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Infosys (NYSE: INFY) has partnered with the International Tennis Hall of Fame (ITHF) as its Official Digital Innovation Partner and title sponsor of the Infosys Hall of Fame Open. This multi-year collaboration aims to enhance the fan experience and preserve tennis history through digital innovations. Scheduled for July 10-17, 2022, the tournament is the only ATP grass-court event in the U.S. Infosys will leverage its expertise to offer immersive digital experiences and content, including the TennisWorthy video series, solidifying the ITHF's leadership in digital engagement.
On March 8, 2022, Infosys (NSE: INFY, BSE: INFY, NYSE: INFY) announced an expanded collaboration with Dow Jones. This partnership aims to enhance Dow Jones's digital services through innovative strategies and AI-powered personalization. Dow Jones's CEO, Almar Latour, emphasized the importance of delivering unique journalism and analysis, while Infosys CEO, Salil Parekh, highlighted the focus on improving user experiences. The collaboration will leverage analytics and machine learning to assist professionals in making informed business decisions.