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 strong Q3 performance with 7.0% sequential growth and 21.5% year-on-year growth in constant currency. Revenues hit $4.25 billion, a 20.9% YoY increase, while digital revenues accounted for 58.5% of total sales, growing 42.6% YoY. The company achieved a healthy operating margin of 23.5% and total contract value of $2.53 billion in large deals. Free cash flow stood at $719 million, reflecting a YoY decline of 6.9%. The revenue guidance for FY22 was upgraded to 19.5%-20.0%. Notable partnerships were announced with companies like Daimler and bp to enhance digital transformation efforts.
Infosys has extended its digital innovation partnership with Tennis Australia until 2026, enhancing fan engagement and digital experience at the Australian Open. The partnership aims to utilize Big Data, AI, Virtual Reality, and Cloud technologies to deliver improved broadcast statistics, innovative digital tools, and greater access for underprivileged communities. Key initiatives include new match statistics, enhanced mobile app features, and advanced coaching tools for players. This collaboration continues from three successful years and is aimed at making tennis accessible for all.
Infosys collaborates with Packable to enhance its proprietary technology for brands in e-commerce. This partnership integrates Infosys's Equinox platform with Packable's technology, known as Packable IQ, creating a robust D2C-in-a-box solution. The collaboration aims to improve consumer engagement and optimize e-commerce operations, enabling brands to launch tailored D2C journeys rapidly. Packable, which is pursuing a merger with Highland Transcend Partners (HTPA), anticipates that this strategic alliance will bolster revenue growth and profitability for its brand partners.
Infosys (NYSE: INFY) has partnered with the Financial Times (FT) as its Digital Innovation Partner. This collaboration aims to foster innovative digital journalism through immersive storytelling and data-led experiences. Key initiatives planned for 2022 include a climate change simulation and a crossword app, aimed at enhancing reader engagement. FT's Director of Strategic Partnerships highlighted the potential to reach a broader audience, while Infosys emphasized setting new standards in news delivery. The FT boasts over one million paying readers, with a strong digital subscription base.
On December 1, 2021, Infosys (NSE: INFY) announced an extension of its partnership with Proximus, Belgium's leading digital services provider. This collaboration focuses on digitally transforming and maintaining Proximus' IT applications through advanced AI and automation. Infosys will manage the development and operations of these applications, aiming to support Proximus' digital initiatives and cost reduction efforts. The collaboration, existing for over 24 years, highlights both companies' commitment to enhancing digital capabilities in a sustainable manner.
Infosys (NSE: INFY) announced that its InStep internship program has been recognized as the 'Best Overall Internship Program' in the 2021 Vault Internship Rankings for the fourth consecutive year. The program excelled in categories such as Tech and Engineering, Compensation, and Diversity. Over 250 interns from diverse backgrounds participated virtually due to the pandemic, with a high percentage receiving full-time job offers after the program. Chief Operating Officer Pravin Rao highlighted the commitment to talent development through meaningful work and digital platforms.
Infosys, a global leader in digital services, announced a partnership with Daimler to transfer its High-Performance Computing workloads to Lefdal Mine Datacenter in Norway, one of Europe's most eco-friendly data centers. This collaboration supports Daimler's sustainability initiative, 'Ambition 2039', aiming for CO2 neutrality by 2039. The Lefdal facility is powered entirely by renewable energy, significantly reducing the carbon footprint associated with high-performance computing. Infosys' 'Green Data Center as a Service' offering showcases a scalable solution for businesses looking to decarbonize.
Infosys Public Services (IPS) has upgraded the South Florida Water Management District's (SFWMD) ERP system to the SAP S/4HANA platform, enhancing efficiencies and analytical capabilities. This migration, completed in under a year, improved application response times by up to 90% and boosted employee productivity by 10%. SFWMD manages water resources for 16 counties and 9 million residents, relying on the upgraded system for critical operations. IPS utilized advanced migration tools to ensure a smooth transition while enhancing user experience and data management.
Infosys has been named the Official Digital Innovation Partner for Madison Square Garden Sports and Entertainment. This multi-year partnership will create a digital command center at Madison Square Garden, enhancing real-time operational updates for staff and improving the fan experience. Additionally, Infosys will deliver in-depth game stats for the New York Knicks and Rangers, and brand integration throughout The Garden. This collaboration aims to utilize data and analytics to elevate the fan experience, making it more efficient and engaging.
Infosys (NSE: INFY) has partnered with Bloomberg Media to launch the Bloomberg Digital Economy Index, set to debut in 2022. This index will measure global technology investments by CTOs and CIOs, providing real-time insights for enterprise decision-makers. Utilizing Infosys' analytics and AI, the collaboration aims to enhance Bloomberg's digital platforms and television programming. The index will address the growing demand for digital skills, equipping leaders with critical data to navigate technological advancements.