Infosys Stock Price, News & Analysis

Infosys (NYSE: INFY) has been certified as a Great Place to Work® in the United States, reflecting its strong workplace culture as determined by the Trust Index™ Survey. This certification, which verified that 70% of employees experience a positive work environment, emphasizes Infosys' commitment to employee development and hiring. Since 2017, over 13,000 employees have been hired, and six digital centers were opened in various locations. The company also launched the Reskill and Restart program to help workers affected by the COVID-19 pandemic.

Infosys (NYSE: INFY) has been chosen by Consolidated Edison Company to lead a digital transformation of their customer service systems over the next four years. This initiative aims to enhance customer service experience by implementing a comprehensive utility-focused Customer Service System. The project will provide Con Edison with modern, flexible solutions that address regulatory and technological challenges. Infosys will offer full program management and support throughout the deployment process, ensuring the system meets evolving business requirements.

Infosys (NYSE: INFY) announced a partnership with pymetrics to create a consortium aimed at reskilling the American workforce affected by COVID-19. The initiative, named Reskill and Restart, will utilize the Infosys Wingspan platform and pymetrics' AI talent-matching technology to guide job seekers through skills assessment and training to align them with available jobs. The partnership includes organizations such as Merit America and Revature, focusing on equipping individuals, particularly those in vulnerable communities, with the skills needed for future job markets.

Infosys reported Q1 results reflecting a 0.3% year-on-year decline in revenues, totaling $3.121 billion, with digital revenues growing at 25.5% in constant currency. Operating margin improved to 22.7%, marking a 220 basis point increase. Free Cash Flow surged by 50.1% to $728 million. The company has set its FY 21 revenue growth guidance at 0%-2% in constant currency, with an operating margin expected between 21%-23%. Additionally, Infosys secured significant client partnerships, including a digital transformation project for GlobalFoundries and a privacy-first contact tracing solution for Rhode Island.

Vanguard announced a strategic partnership with Infosys (NYSE: INFY) to enhance its defined contribution (DC) business. This collaboration aims to revolutionize plan administration and participant experiences through technology-driven solutions. Vanguard, recognized as the largest DC asset manager in the U.S., will focus on deploying AI-enabled analytics and a cloud-based recordkeeping platform to improve insights and operational efficiency. Approximately 1,300 Vanguard employees will transition to Infosys, ensuring a seamless transition for plan sponsors and participants.

Infosys (NYSE: INFY) will announce its first quarter results for the period ending June 30, 2020, on July 15, 2020, at 3:45 PM IST. A virtual press conference will follow at 4:30 PM IST, where executives will address media questions. An earnings call is scheduled for 6:00 PM IST the same day, open to investors and analysts worldwide. Participants are encouraged to register early due to limited availability. The events will be available on the Infosys website, where archives and transcripts will also be posted post-event.