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 (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.
Infosys (NSE: INFY) announced a collaboration with ServiceNow to enhance enterprise-level service management solutions for manufacturing industries. This initiative aims to leverage Infosys Cobalt's industry cloud blueprints and ServiceNow's Operations Technology Management (OTM) to support digital transformation in manufacturing. The collaboration will improve resilience and efficiency in operations while extending services to other sectors such as consumer packaged goods and energy. Key executives highlighted the critical need for digital innovation to optimize supply chains and factory performance.
Infosys (NSE: INFY) announced a collaboration with Frost Bank to enhance its mortgage loan offerings. This partnership aims to modernize the bank's mortgage process from origination to servicing, improving customer experience and operational efficiency. Infosys will leverage its experience in transforming mortgage businesses and global best practices to support Frost Bank's expansion in this sector over the next five years. The initiative responds to consumer demands for integrated lending solutions, as emphasized by Frost Bank's CEO, Phil Green.
Infosys (NSE: INFY) has announced a strategic collaboration with SAP to provide Business Process Transformation-as-a-Service (BPTaaS) for enterprises. This partnership aims to leverage business process intelligence (BPI) to enhance transformation journeys by identifying obstacles and creating actionable roadmaps. Infosys will integrate its Industry Cloud solutions with the RISE with SAP offering to reduce complexity and improve customer experiences. The collaboration aims to enhance process governance and drive down costs through continuous improvements.