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 (NYSE: INFY) announced a 3-year partnership with the Thurgood Marshall College Fund (TMCF) to support diversity in STEM jobs. This initiative aims to create job opportunities for at least 1,600 graduates from Historically Black Colleges and Universities (HBCUs). Additionally, the Infosys Foundation USA will sponsor TMCF's Teacher Quality & Retention Program, investing in future K-12 STEM educators. The program's impact is expected to reach nearly 4,000 K-12 students. Infosys emphasizes its commitment to equal opportunities and diversity in the workforce, striving for a workforce reflective of America's demographics.
Infosys (NYSE: INFY) announced a program to train 500 American job seekers as Salesforce Certified Administrators and Developers using Trailhead, Salesforce's free learning platform. This initiative aims to equip participants with essential digital skills at no cost, targeting recent graduates from various educational institutions. This program is part of Infosys' ongoing commitment to reskill the American workforce, following its previous Reskill and Restart initiative launched in 2020. The training aligns with Infosys' strategy to build a talent pipeline ready for future technology roles.
BENGALURU, India, Nov. 16, 2021 /PRNewswire/ -- Infosys (NYSE: INFY) and MIT Technology Review launched 'The Cloud Hub', a collaborative forum aimed at aiding enterprises in their cloud journeys. This initiative builds on Infosys' 2021 Cloud Radar Report, highlighting a potential $414 billion in annual profits through optimized cloud adoption. The Cloud Hub will feature expert insights and success stories to help companies navigate challenges in cloud technology adoption, including hybrid cloud, AI, and security.
Infosys (NSE: INFY) has announced a strategic collaboration with Shell to commercialize the 'Shell Inventory Optimizer' solution. This AI-powered tool aims to optimize warehouse inventory for energy customers, improving demand planning and reducing operational costs. The partnership builds on a long-standing relationship since the 2000s, enhancing Shell's digital transformation efforts. Both companies anticipate that this collaboration will lead to new features and operational efficiencies, contributing to carbon neutrality by minimizing raw material waste.
Infosys (NSE: INFY) and bp announced a partnership to develop an Energy as a Service (EaaS) solution aimed at enhancing the energy efficiency and decarbonization of business infrastructures.
The collaboration involves co-developing a digital platform utilizing AI to optimize energy supply for power, heat, cooling, and EV charging.
The pilot will occur at the Infosys Pune Development Center, simulating a small city. Upon success, they plan to expand this model to other campuses in India, assisting clients in managing energy and emissions.
Infosys (NYSE: INFY) has partnered with Posten Norge to digitally transform its IT Service Management. The collaboration aims to implement ServiceNow, enhancing IT processes for modern software delivery. This strategic partnership leverages Infosys Cobalt's AI-powered solutions to foster faster innovation and responsiveness to customer demands. Posten Norge aims to build a future-oriented IT service management capability, ensuring better service for its customers. The alliance positions both companies to co-create digital solutions, enhancing their competitive edge in the Nordic region.
Infosys reported strong Q2 performance for FY22, with revenues reaching $3,998 million, a YoY increase of 20.7%. The company achieved a 19.4% YoY growth in constant currency and a 6.3% increase QoQ. Key highlights include a large deal signing total contract value of $2.15 billion, a stable operating margin at 23.6%, and an interim dividend of ₹15 per share. The outlook remains positive with an increased revenue growth guidance of 16.5%-17.5%. Digital revenue now comprises 56.1% of total revenues, reflecting robust demand for digital transformation services.
Infosys (NYSE: INFY) has partnered with the ATP Tour to launch new match stats and analysis tools designed to enhance fan engagement in men's professional tennis. Available on ATPTour.com, the tools provide real-time data and insights for over 60 ATP events each season. Key features include MatchBeats for point-by-point analysis, Rally Analysis to dissect impactful rallies, and 3D CourtVision for immersive viewing. These innovations leverage big data analytics and AI technologies, marking the seventh year of Infosys's collaboration with the ATP.
Infosys (NSE: INFY), a leader in digital services, will announce its second quarter results for the period ending September 30, 2021, on October 13, 2021, at approximately 3:45 p.m. IST. A common press conference will follow at 4:30 p.m. IST, with a live stream available on their website. An earnings call for investors and analysts will take place at 6:00 p.m. IST. Participants can register via the DiamondPass link. The conference will be archived on their website post-event.
Infosys (NSE: INFY) announced a strategic collaboration with Amazon Web Services (AWS) on September 22, 2021, to develop quantum computing capabilities. This partnership will utilize Amazon Braket to create and explore quantum use cases in various sectors including logistics and finance. The collaboration enhances Infosys Cobalt, aimed at accelerating cloud services for enterprises. Infosys aims to prepare businesses for future quantum impacts, thereby fostering innovation and addressing complex computational challenges.