Infosys Stock Price, News & Analysis

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.

Infosys (NYSE: INFY) announced achieving Elite Status in the Snowflake Partner Network on January 27, 2021. This partnership aims to deliver transformational solutions through Snowflake's Data Cloud, emphasizing a hyper data economy that connects unlinked data across industries. Infosys will provide ready-to-launch cloud-first applications and co-create solutions integrating AI, cloud, and data analytics. Managed cloud consumption solutions will enhance governance and cost management, lowering TCO and improving ROI for enterprises. The collaboration aims to drive innovation and resilience in businesses.

Infosys (NYSE: INFY) launched Infosys Cortex, a cloud-based customer engagement platform utilizing technology from Genesys and Google Cloud. The platform aims to enhance customer care operations through intelligence-driven communication and improved decision-making. Key benefits include up to a 40% improvement in agent performance, a 30% boost in customer satisfaction, and faster agent training. Cortex also integrates with Genesys Engage, enabling personalized interactions and operational efficiency. This initiative positions Infosys to support enterprises in enhancing customer experiences in a digital-first environment.

Infosys (NYSE: INFY) has launched an applied AI cloud as part of its Cobalt offering, powered by NVIDIA DGX A100 systems. This initiative aims to facilitate the rapid development of AI capabilities for over 100 project teams, enhancing the company's capacity to deliver AI-driven business processes. The AI cloud will allow access to AI hardware and software across private and public clouds, improving infrastructure efficiency. The collaboration with NVIDIA aims to help organizations build AI centers of excellence, addressing the need for strategic platforms to scale AI applications.

Infosys has achieved the Google Cloud Partner Specialization in data and analytics, becoming one of the top global system integrators with this recognition. The accreditation highlights Infosys's end-to-end capabilities on Google Cloud, covering aspects such as data ingestion, analysis, and warehousing. This specialization enhances the Infosys Cobalt offering, showcasing technical expertise and facilitating enterprises' migration to cloud solutions. The achievement positions Infosys to deliver optimized services and accelerate digital transformations for clients.

Infosys reported strong Q3 results with revenues of $3,516 million, reflecting 8.4% YoY growth. Digital revenues exceeded 50% of total revenue, growing 31.3% YoY. The company achieved its highest sequential growth of 5.3% in 8 years and large deal TCV reached a record $7.13 billion, with 73% as net new. Operating margin improved to 25.4%, and revenue guidance for FY 21 was raised to 4.5%-5.0%. Additionally, Infosys announced its commitment to an ESG vision by becoming carbon neutral, significantly ahead of the 2050 Paris Agreement target.

Infosys (NYSE: INFY) announced a definitive agreement to acquire assets and employees of Carter Digital, a leading experience design agency in Australia. This acquisition aims to enhance Infosys' global design capabilities and streamline its digital solutions for clients. Carter Digital's expertise in human-centered design and digital transformation will complement Infosys' existing services, including those from its brand WONGDOODY. The transaction is expected to close in Q4 of fiscal 2021, pending customary conditions.