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 has achieved the Google Cloud Partner Specialization in data and analytics, becoming one of the top global system integrators with this recognition. The accreditation highlights Infosys's end-to-end capabilities on Google Cloud, covering aspects such as data ingestion, analysis, and warehousing. This specialization enhances the Infosys Cobalt offering, showcasing technical expertise and facilitating enterprises' migration to cloud solutions. The achievement positions Infosys to deliver optimized services and accelerate digital transformations for clients.
Infosys reported strong Q3 results with revenues of $3,516 million, reflecting 8.4% YoY growth. Digital revenues exceeded 50% of total revenue, growing 31.3% YoY. The company achieved its highest sequential growth of 5.3% in 8 years and large deal TCV reached a record $7.13 billion, with 73% as net new. Operating margin improved to 25.4%, and revenue guidance for FY 21 was raised to 4.5%-5.0%. Additionally, Infosys announced its commitment to an ESG vision by becoming carbon neutral, significantly ahead of the 2050 Paris Agreement target.
Infosys (NYSE: INFY) announced a definitive agreement to acquire assets and employees of Carter Digital, a leading experience design agency in Australia. This acquisition aims to enhance Infosys' global design capabilities and streamline its digital solutions for clients. Carter Digital's expertise in human-centered design and digital transformation will complement Infosys' existing services, including those from its brand WONGDOODY. The transaction is expected to close in Q4 of fiscal 2021, pending customary conditions.
Infosys (NYSE: INFY) announced the successful implementation of a global warranty solution on SAP S/4 HANA for Johnson Controls, enhancing customer-centricity and cost-efficiency. This solution integrates with legacy systems, streamlining factory warranty processes and improving asset visibility. With nearly 20 years of collaboration, Infosys aims to provide a digital-first experience for Johnson Controls' customers while supporting warranty claims efficiently. The project reflects Infosys's commitment to helping clients navigate digital transformations effectively.
Infosys, a leader in digital services, will announce its third-quarter results for the period ending December 31, 2020, on January 13, 2021, at 3:45 p.m. IST. A virtual press conference will follow at 4:30 p.m. IST, addressing media inquiries. The earnings conference call is set for 6:30 p.m. IST and will be open to investors and analysts globally. Participants can register via a provided link. This event will be streamed live and archived on the Infosys website for later access.
Daimler AG and Infosys (NYSE: INFY) have established a long-term strategic partnership to transform IT infrastructure within the automotive sector. This collaboration aims to enhance Daimler's IT capabilities while leveraging Infosys' expertise in automotive technology. Key initiatives include creating a hybrid cloud, carbon-neutral solutions, a Zero Trust network, and AI-powered workplace solutions. The transition will also include a workforce transition of automotive IT experts to Infosys, fostering growth in the automotive sector and providing career opportunities for Daimler employees.
Infosys (NYSE: INFY) has announced a partnership with El Paso Water to transform the utility's legacy customer information systems using Oracle Utilities Customer to Meter (C2M). The project aims to enhance customer experience and automate processes through the implementation of Infosys' Preconfigured Accelerator for Customer Experience (PACE). This strategic move will modernize EPWater's IT landscape, ensuring better audit control and financial transparency. The collaborative effort is projected to improve efficiency and customer satisfaction significantly.
Summary not available.
Infosys (NYSE: INFY) has launched the Infosys Modernization Suite as part of Infosys Cobalt, aimed at accelerating enterprise modernization. The suite offers over 40 services and optimizes legacy system upgrades while enhancing customer experience. Key benefits include a 40% reduction in development efforts, 20-40% faster time-to-market, and 15-30% lower modernization costs. It features integrated platforms for cloud migration, tech migration, and database migration, serving over 600 clients worldwide.
Infosys (NYSE: INFY) and HFS Research released a report titled 'Nowhere to Hide,' examining the impact of COVID-19 on businesses. The study reveals that nearly 70% of Global 2000 executives believe the pandemic will have a greater effect than the 2008 financial crisis. Key findings include a push for digital transformation, with over 60% of enterprises accelerating their initiatives. The report emphasizes the importance of adapting business models and investing in IT to remain competitive in this evolving landscape.