Infosys Stock Price, News & Analysis

Infosys (NYSE: INFY) launched Infosys applied AI, a solution aimed at helping enterprises implement AI effectively. This offering combines AI, analytics, and cloud technology to enhance business operations and customer experiences. Companies can utilize ready-to-deploy AI solutions tailored to their specific needs, and also create custom solutions through a collaborative ecosystem. The service provides businesses tools to manage AI risks and focuses on building resilience and smart innovations that align with current digital transformation trends.

Infosys and Arizona State University (ASU) have formed a strategic partnership to enhance the learning experience for engineering graduate students, launching in Spring 2021. This initiative allows students in on-campus and remote classes to utilize the Infosys Wingspan platform, gaining technical certifications and practical project experience. The program aims to prepare graduates for competitive job markets, equipping them with skills to address industry challenges. Additionally, newly admitted master's students in selected programs will receive a scholarship for a year of free access to the Wingspan platform.

Infosys (NYSE: INFY) announced the successful implementation of Oracle Utilities Customer to Meter (C2M) at Citizens Energy Group in Indianapolis, enhancing customer experience and productivity. This two-year program involved business process standardization and integration with Edge systems, marking it as one of the world's first Oracle C2M transformations. Infosys utilized its North America Innovation Hub and proprietary solutions for the transition. The upgrade is expected to improve customer service efficiency significantly.

Infosys (NYSE: INFY) announced that its InStep global internship program has been ranked number one in the 'Best Overall Internship Program' category by Vault.com for the third consecutive year. The program also received top ranks in multiple subcategories, including Best Internship for Tech and Engineering, and Best Internship for Quality of Life. InStep participants praised the program for career advancement, networking, and international opportunities, despite being conducted in a hybrid model due to the pandemic. Over 186 interns from 19 countries participated in the FY 20-21 program.

Infosys (NYSE: INFY) has been recognized as a Leader in the Everest Group ServiceNow Services PEAK Matrix® Assessment 2021, highlighting its expertise in delivering comprehensive ServiceNow solutions. The report emphasizes Infosys' strong IP tools and accelerators, including the Enterprise Service Management Café, which accelerates implementation timelines by 40-50%. The company is noted for its high client satisfaction scores and extensive capabilities across various ServiceNow services, showcasing its commitment to transformative service management.

Infosys (NYSE: INFY) has acquired Blue Acorn iCi, a renowned customer experience and analytics company, for $125 million. This acquisition enhances Infosys's end-to-end offerings in commerce and analytics, building on Blue Acorn iCi's accolades, including being named Adobe Emerging Solution Partner of the Year. The integration aims to leverage Blue Acorn iCi's expertise to drive digital transformation for enterprises. This partnership is expected to boost Infosys's capabilities in handling direct-to-consumer services and strengthen its market position.

Infosys announced its ESG Vision 2030, emphasizing commitments to climate change, diversity, and community development. The company is now carbon neutral, following PAS 2060 standards, and significantly reduced per capita electricity consumption by over 55%. In FY2020, 44% of its electricity came from renewables. Current initiatives aim to empower over 10 million people digitally and maintain a workforce with at least 45% women employees. Infosys' substantial investments in community projects total over $55 million annually.

Infosys reported a 2.2% year-on-year revenue growth for Q2 2020, reaching $3,312 million. Digital offerings surged by 25.4%, constituting 47.3% of total revenue. Operating margins improved by 370 basis points to 25.4%. Q2 net profit rose 14.7% to $653 million, with free cash flow increasing 69.8%. The company declared an interim dividend of INR 12 per share, up 50% YoY. Increased guidance for FY 21 includes revenue growth revised to 2%-3% and operating margin to 23%-24%. Infosys secured notable client partnerships amidst challenging conditions.

Infosys (NYSE: INFY) has completed its acquisition of Kaleidoscope Innovation, enhancing its capabilities in smart product design across medical, consumer, and industrial markets. This acquisition, announced on September 3, 2020, aligns with Infosys' commitment to innovation and impacts patient care and diagnostics. Kaleidoscope's expertise includes microsurgical instruments and user-centric wearables, further strengthening Infosys' digital offerings and workforce.