Infosys Stock Price, News & Analysis

Infosys (NYSE: INFY) announced its plan to increase its Canadian workforce by 500 jobs in Calgary, bringing the total to 4,000 employees by 2023. The expansion, highlighted by Alberta Premier Jason Kenney and Calgary Mayor Naheed Nenshi, aims to leverage the local talent pool affected by the COVID-related economic downturn. Infosys plans to partner with 14 Canadian educational institutions to source tech talent and enhance skills. This move aligns with Infosys's broader strategy to cater to clients in Western Canada while contributing to the region's economic recovery and growth.

Infosys (NYSE: INFY) announced its commitment to hire 300 American workers in Pennsylvania, marking a significant expansion of its Retirement Services Center of Excellence. The company aims to enhance digital capabilities in the financial services sector, focusing on technology solutions for employee-sponsored retirement plans. This hiring initiative aligns with Infosys's broader plan to employ 25,000 American workers by 2022, having already hired 12,000 as part of this commitment. Infosys's focus on growth in the U.S. reflects its ambition to lead in digital transformation for financial institutions.

Infosys McCamish Systems has acquired a cutting-edge New Business and Underwriting platform from STEP Solutions Group. This strategic purchase aims to simplify insurance product management across North America. The platform enhances the existing VPAS® policy administration system, providing automated underwriting and personalized product recommendations, significantly reducing processing times from days to hours. Supported by development centers in the US and India, this acquisition positions Infosys McCamish to improve its service delivery in the competitive insurance market.

Infosys (NYSE: INFY), the Official Digital Innovation Partner of the Australian Open, is enhancing tennis experiences using advanced technologies. Innovations include 3D Court Vision for match analysis, an AO Virtual Slam for fan engagement, and AI Video Analysis for players and coaches. A 3D AO Virtual Hub is designed for sponsors and partners to connect remotely. These efforts aim to create immersive digital experiences, ensuring accessibility for all stakeholders during the tournament, amidst pandemic-related restrictions.

Infosys (NYSE: INFY) announced an expanded collaboration with Toyota Material Handling (TMH) to enhance dealer engagement via the Infosys Meridian platform. This digital solution facilitates a remote-first, hyper-productive work environment, helping TMH to host a virtual dealer event that surpassed previous attendance records. The initiative leverages AI and observability features to deliver engaging experiences, showcasing new products and training. Key executives expressed optimism regarding future collaborations.

Infosys (NYSE: INFY) announced a strategic collaboration with Spirit AeroSystems on February 8, 2021, to provide end-to-end IT integration for Bombardier's former aerostructures and aftermarket services assets recently acquired by Spirit. As the exclusive IT partner, Infosys will develop a robust IT framework utilizing Infosys Cobalt infrastructure solutions. This partnership aims to enable seamless IT integration, empowering Spirit's operations, and supporting its future diversification efforts. Both companies emphasize maximizing synergies to drive innovation and success in the aerospace sector.

Infosys (NYSE: INFY) has been selected by Siemens Gamesa Renewable Energy as a strategic partner for SAP S/4HANA implementation, aiming for a unified ERP system across 50+ countries. This collaboration follows the successful rollout of an SAP S/4HANA solution across 7 countries, enhancing Siemens Gamesa’s agility and digital capabilities. The partnership will enable real-time reporting and improved efficiency across the value chain, supporting enhanced competitive positioning. Siemens Gamesa's CIO highlighted the project as vital for process efficiency and cost management.