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 reported a 12%-14% revenue growth guidance for FY22, alongside a strong FY21 performance. The company achieved a 5.0% CC growth and a record $14.1 billion in large deal TCV, with a 66% share from net new deals. Operating margins increased by 3.2% to 24.5%, and free cash flow soared by 38.5%. The Board announced a capital return of ₹15,600 crore ($2.08 billion), including a final dividend of ₹6,400 crore ($0.85 billion) and a buyback of ₹9,200 crore ($1.23 billion).
Infosys (NYSE: INFY) has announced a long-term strategic partnership with ArcelorMittal to enhance the steel company's digital transformation efforts in Europe. This collaboration aims to optimize ArcelorMittal's IT landscape and establish a Business Process Management (BPM) service within its shared services center. The partnership is expected to strengthen Infosys' presence in Europe and enable synergies across ArcelorMittal's global operations. Executives from both companies expressed optimism about the benefits this collaboration will bring in driving efficiency and operational excellence.
Infosys (NYSE: INFY) will announce its fourth quarter and annual results for the fiscal year ending March 31, 2021, on April 14, 2021, at 3:45 p.m. IST. Following the results announcement, a press conference will be held at 4:30 p.m. IST, streamed live on the company's Investor Relations website. An earnings call is scheduled for 6:00 p.m. IST, open to investors and analysts. Detailed dial-in information and registration for the call are provided in the press release. The results and further details will be archived on the Infosys website after the events.
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Infosys (NYSE: INFY) and LivePerson (Nasdaq: LPSN) have partnered to enhance AI-powered conversations for brands via various messaging channels. This collaboration will leverage Infosys Cobalt and LivePerson’s Conversational Cloud to improve customer engagement and employee communication. The strategic focus areas include direct-to-consumer conversations and internal messaging experiences, which promise improved business performance, with studies indicating up to 20% increases in order value and 50% lower labor costs. This partnership aims to redefine customer experiences and support brands in achieving better outcomes.
Infosys BPM has announced a five-year extension of its collaboration with Newmont Corporation to standardize and digitize delivery models across mine sites. This partnership aims to leverage automation and AI to enhance operational excellence and deliver greater business value. Key initiatives include improved invoice processing and real-time visibility into performance metrics through an analytics-driven platform. Both companies anticipate significant productivity improvements and cost savings from this strategic engagement, underscoring Infosys BPM's commitment to digital transformation in mining.
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Infosys (NYSE: INFY) announced its plan to increase its Canadian workforce by 500 jobs in Calgary, bringing the total to 4,000 employees by 2023. The expansion, highlighted by Alberta Premier Jason Kenney and Calgary Mayor Naheed Nenshi, aims to leverage the local talent pool affected by the COVID-related economic downturn. Infosys plans to partner with 14 Canadian educational institutions to source tech talent and enhance skills. This move aligns with Infosys's broader strategy to cater to clients in Western Canada while contributing to the region's economic recovery and growth.
Infosys (NYSE: INFY) announced its commitment to hire 300 American workers in Pennsylvania, marking a significant expansion of its Retirement Services Center of Excellence. The company aims to enhance digital capabilities in the financial services sector, focusing on technology solutions for employee-sponsored retirement plans. This hiring initiative aligns with Infosys's broader plan to employ 25,000 American workers by 2022, having already hired 12,000 as part of this commitment. Infosys's focus on growth in the U.S. reflects its ambition to lead in digital transformation for financial institutions.
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