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.
Guidewire (NYSE: GWRE) and Infosys (NYSE: INFY) have partnered to enhance digital transformation for property and casualty (P&C) insurers. As a Select-level member of Guidewire PartnerConnect, Infosys will leverage its extensive experience in P&C insurance to accelerate the implementation of Guidewire's InsuranceSuite products. Infosys plans to expand its Guidewire Center of Excellence, enhancing training and certification efforts. This partnership aims to improve customer experiences and operational efficiency for insurers, aligning with Guidewire's roadmap for its cloud platform.
Infosys has launched the Infosys Springboard program in the U.S. as part of its ESG Vision 2030, aiming to empower 10 million individuals with digital skills by 2025. The initiative offers three learning tracks: 'Educating the Future,' 'Upskilling Today,' and 'Reskilling for Tomorrow,' targeting K-12 students, educators, and professionals. The program addresses the need for digital education, particularly in light of the pandemic's challenges, and leverages partnerships with educational institutions and non-profits to provide free online resources.
Infosys Foundation USA collaborates with CBS's Mission Unstoppable to feature three educators from the Pathfinders Institute, aimed at promoting STEM careers among young students. The first episode, airing on February 19, showcases Lisa Moe, a fourth-grade teacher from California, who inspires her students in computer science and engineering. The Foundation is committed to expanding access to STEM education for underrepresented groups, emphasizing the importance of role models in technology for young girls.
Infosys BPM plans to hire 400 skilled customer service workers in Costa Rica, expanding its workforce beyond 300. This initiative aims to support global organizations in digital transformation, aligning with the Costa Rican government's objectives for workforce development. The company will collaborate with nonprofit CINDE for recruitment. The announcement highlights a commitment to innovation and long-term growth in Latin America, with new hires receiving training for success.
Infosys' latest report indicates that companies can potentially gain $357 billion annually through people-focused transformations and ESG commitment. The findings reveal that mere digital adoption is insufficient for business success; companies must effectively utilize technology alongside a strong ESG orientation. The study surveyed around 2,700 leaders across various regions, showing that those integrating technology with ESG initiatives are more profitable. The research emphasizes a shift in corporate strategy where the relationship between technology and the workforce is now critical for success in the post-pandemic landscape.
Infosys, recognized as the fastest-growing IT services brand, saw its brand value surge by 52% year-on-year to $12.8bn, according to Brand Finance's Global 500 2022 report. The company rose by 56 ranks, reflecting significant growth in market position. Over the last two years, its brand value has increased by 80%. Infosys attributes this success to increased digital adoption by clients and strategic investments in digital transformation initiatives. The company's focus on innovation and its ESG commitments mark it as a leading digital transformation partner.
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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.