Infosys Stock Price, News & Analysis

Infosys Public Services (IPS), a subsidiary of Infosys, has been awarded a contract by the Delaware Department of Labor to modernize its labor systems, replacing outdated systems with Infosys LaborForce, a Salesforce-based platform. The new system will streamline unemployment insurance tax, benefits, and appeals programs, and develop a new paid family medical leave program. This cloud-native solution aims to improve customer service, operational efficiency, and security. The project has started, with CAI providing PMO and IT services to ensure smooth implementation. Infosys aims to leverage its extensive experience in modernizing labor systems across 20+ states.

Infosys has announced a five-year collaboration with Sector Alarm, a leading European security provider, to transform their enterprise business systems using Microsoft's Dynamics 365 Finance and Operations (F&O) on the cloud. The partnership aims to modernize Sector Alarm's financial and business operations across eight countries, including Norway, Sweden, Finland, Italy, and France. Leveraging Infosys Cobalt, this initiative will streamline finances, enhance business insights, facilitate CRM integration, and reduce the Total Cost of Ownership. The phased implementation will also improve customer retention, acquisition, and employee experience.

Infosys BPM has inaugurated a second facility at the Montana Industrial Park in Aguadilla, Puerto Rico. An investment of $200,000, supported by the Puerto Rico Economic Incentive Fund, will create 325 new jobs, expanding the current workforce of 300. The new office will cater to clients in aerospace, healthcare, insurance, financial services, and telecommunications. This expansion aims to boost the local economy and provide employment opportunities in knowledge-based data processing and customer service. Infosys BPM's CEO emphasized the company's commitment to innovation and operational efficiency.

Infosys (NYSE: INFY), a global leader in digital services and consulting, will ring The Opening Bell® at the New York Stock Exchange (NYSE) on June 21, 2024, commemorating its 25 years of listing in the U.S.

This event will feature key leaders including CEO Salil Parekh and CFO Jayesh Sanghrajka. Infosys has shown strong performance with a 22% revenue CAGR and 15% market cap CAGR since its U.S. listing in 1999. The company has also been recognized as a Top 100 global brand by Kantar BrandZ and the fastest-growing IT services brand by Brand Finance.

Additionally, Infosys is the only Indian firm in TIME Magazine's World's Best Companies of 2023 and has been acknowledged as one of the World's Most Ethical Companies by Ethisphere for four consecutive years. Infosys continues to prioritize sustainability, staying carbon neutral for the fifth year, guided by its ESG Vision 2030.

The Opening Bell® ceremony will be livestreamed at 9:26 AM EDT on June 21, 2024.

Infosys has launched Infosys Aster™, an AI-amplified marketing suite aimed at enhancing brand experiences, marketing efficiency, and business growth. The suite combines creative services, experience design, digital commerce, and MarTech orchestration to provide a comprehensive marketing solution.

Key benefits include up to 50% increase in repeat buyers, 30% improvement in marketing operational costs, and 40% increase in sales for B2B and B2C brands. The suite's AI capabilities, powered by Infosys Topaz™, offer real-time insights, predictive analytics, and personalized marketing strategies, significantly boosting efficiency and effectiveness.

Infosys Aster™ is backed by over 400 assets and a network of 50+ partners, delivering transformative marketing outcomes on a global scale. Industry leaders are already witnessing notable improvements in campaign management and customer engagement.

Infosys (NSE: INFY, BSE: INFY, NYSE: INFY) has been ranked among the top 100 most valuable brands globally for the third consecutive year by Kantar BrandZ. Ranked #74 worldwide and #20 among B2B technology brands, Infosys is recognized for its strong client trust and capability relevance, especially in AI and cloud technologies. This year, Infosys was also listed among the top 3 IT services brands globally by Brand Finance. The company is noted for its strategic marketing investments, including campaigns with tennis icons Rafael Nadal and Iga Świątek. Furthermore, Infosys has made significant strides in digital skilling, reaching 11.75 million people, and remains carbon neutral for the fifth consecutive year.

Infosys, in partnership with the French Tennis Federation, unveiled several AI-driven innovations for Roland-Garros 2024. Leveraging Infosys Topaz, these innovations aim to enhance the digital experience for fans, players, coaches, and media. Key features include the RG Gen AI Poster Challenge, AI Bracket Challenge, and an enhanced Players Portal with Split Screen Analysis. The 3D Art Museum now includes a Symbol Room showcasing Roland-Garros memorabilia. Additionally, Infosys continues its STEM program, engaging students with hands-on tech workshops. The tournament runs from May 20 to June 9, 2024.

Infosys (INFY) announced a collaboration with Commerzbank and Murex to launch a unified trading platform, streamlining Commerzbank's business processes and IT operations. The project consolidated FX, FX derivatives, equity, and commodities onto Murex's MX.3 platform, enhancing efficiency and cost-effectiveness.

Infosys played a vital role in development, integration, testing, migration, and post-launch support. The initiative reduced infrastructure costs and prepared Commerzbank for future growth. Both Commerzbank and Infosys emphasized the project's success in improving process efficiency and adapting to market changes quickly.

Infosys (NSE: INFY, BSE: INFY, NYSE: INFY), a leader in digital services and consulting, announced a multi-year collaboration with Telstra, Australia's top telecommunications company.

This partnership aims to transform Telstra's software engineering and IT infrastructure, enhancing customer experience through AI and cloud solutions. Utilizing Infosys' Topaz and Cobalt offerings, the collaboration seeks to simplify Telstra's technology landscape and drive innovation. This continues their 20-year partnership, with Infosys providing modern engineering practices to support Telstra's growth strategy.

Key executives, including Dinesh Rao of Infosys and Kim Krogh Andersen of Telstra, emphasized the importance of this collaboration in meeting increased consumer expectations and advancing digital leadership.