By Sai Ishwarbharath B and Haripriya Suresh BENGALURU, Feb 17 (Reuters) - Infosys unveiled a partnership with Anthropic on Tuesday, days after investor concerns that AI tools would disrupt the ‌traditional business models of Indian IT services firms shaved billions off their market value. The ‌selloff was triggered, in part, by the launch of a tool by Amazon and Alphabet-backed Anthropic, which has seen its ​revenue run-rate in India doubling in four months. Anthropic has leaned heavily into the enter ...

Core Insights - Infosys has entered into a partnership with Anthropic to develop and deliver artificial intelligence services tailored for businesses operating in complex and regulated industries [1] Company Summary - Infosys is collaborating with Anthropic, indicating a strategic move to enhance its offerings in the artificial intelligence sector [1] - The partnership aims to leverage AI technologies to address the specific needs of businesses in industries that face stringent regulations [1] Industry Summary - The collaboration highlights a growing trend in the industry where companies are increasingly seeking AI solutions to navigate complex regulatory environments [1] - This partnership may set a precedent for future collaborations between technology firms and AI developers to cater to regulated sectors [1]

1 February 17, 2026 Convention Center, Infosys Campus, Bengaluru Agenda | Session Name | Speaker | Title | Time (IST) | | | --- | --- | --- | --- | --- | | Tech transitions – Why is the AI transition different? | Nandan Nilekani | Chairman of the Board | 11:00 – | 11:20 AM | | The AI Services Opportunity | Salil Parekh | Chief Executive Officer and Managing Director | 11:20 – | 11:50 AM | | AI Services Playbook | Satish H.C. | Chief Delivery Officer | 11:50 – | 12:20 PM | | | Dinesh Rao | Chief Delivery Off ...

格隆汇2月17日｜据印度科技公司印孚瑟斯（Infosys）向证券交易所发布的公告显示，该公司将与 Anthropic合作，为电信、金融服务、制造业及软件开发领域的企业开发并提供高端企业级人工智能解 决方案。双方合作将首先从电信行业启动，由 Anthropic设立专门中心，用于构建和部署适配行业特定 业务的人工智能智能体。随后，合作范围将扩展至其他行业。印孚瑟斯的 Topaz 平台与 Anthropic的 Claude 大模型将实现融合，用于自动化复杂工作流程、加快软件交付，并为各行业打造具备自主执行 能力的人工智能解决方案。 ...

Core Insights - Infosys and Anthropic have announced a strategic collaboration aimed at developing advanced enterprise AI solutions for various industries, starting with telecommunications and expanding to financial services, manufacturing, and software development [1] Group 1: Collaboration Details - The collaboration will utilize Anthropic's Claude models, including Claude Code, integrated with Infosys Topaz AI offerings to automate complex workflows and accelerate software delivery [1] - A dedicated Anthropic Center of Excellence will be established to focus on building AI agents tailored to industry-specific operations, beginning with telecommunications [1] Group 2: Industry Applications - In software development, Claude Code will assist teams in writing, testing, and debugging code, enhancing the speed from design to production [1] - In manufacturing, Claude will facilitate faster product design and simulation, reducing R&D timelines and allowing for more iterations before production [1] - In financial services, AI agents will enhance risk detection, automate compliance reporting, and personalize customer interactions based on comprehensive account histories [1] - In telecommunications, AI agents will modernize network operations and improve service delivery, addressing the complexities of a heavily regulated industry [1] Group 3: Leadership Perspectives - Dario Amodei, CEO of Anthropic, emphasized the importance of domain expertise in bridging the gap between AI models and their application in regulated industries [1] - Salil Parekh, CEO of Infosys, highlighted that the collaboration represents a strategic leap in advancing enterprise AI, aiming to unlock value and enhance organizational intelligence and resilience [1]

Sustainable Growth Advisers (SGA), an investment management company, released its fourth-quarter investor letter for its “Emerging Markets Growth Strategy.” A copy of the letter can be downloaded here. The fourth quarter of 2025 marked strong divergence from the market. Market leadership by AI beneficiaries and revival of cyclical sectors dominated the market, while quality growth strategies faced challenges. In Q4 2025, the portfolio returned 0.8% (Gross) and 0.6% (Net) compared to the MSCI EM Net TR Index ...

Core Insights - The increase in US visa fees is projected to raise operating expenses for Indian IT services firms by $100 million to $250 million, which is about 1% of their revenues [1][12] - Despite the higher costs, most large Indian IT firms can absorb these expenses without significant deterioration in their financial profiles due to their high profitability and robust financial positions [1][12] Financial Impact - The immediate margin impact on top-tier IT firms is expected to be modest, with the increase in operating expenses constituting around 1% of revenues and EBITA margin hit limited to around 100 basis points [5][12] - Indian IT majors have EBITA margins of 19%-26%, which exceed global peers' margins of 10%-17%, and many maintain substantial net cash positions, such as $7 billion at TCS and $4 billion at Infosys as of December 31, 2025 [6][12] Industry Dependency on H-1B Visas - The business model of the Indian IT industry relies heavily on H-1B visas, with the computer-related technology sector accounting for approximately 70% of such visas issued over the last five years [2][12] - Leading Indian IT companies like Tata Consultancy Services and Infosys are among the top H-1B sponsors, indicating their reliance on this visa category [2][12] Challenges for Smaller Firms - Small and mid-sized companies may struggle to absorb the increased visa costs due to lower margins and limited liquidity, potentially compromising profitability or delaying investments in growth areas like AI and cloud [7][12] - This situation could lead to accelerated industry consolidation, as scale and financial strength become critical differentiators [7][12] Talent Shortages and Demand - Structural talent shortages in the US are expected to sustain demand for Indian IT services, with an estimated annual shortfall of around 200,000 workers in the US computer and IT sector [8][12] - Indian nationals account for 70%-75% of all H-1B visa approvals since 2020, and India produces about 2.5 million STEM graduates annually compared to 850,000 in the US [9][12] Investments in Automation and AI - Indian IT firms are increasing investments in automation and artificial intelligence to mitigate visa-related risks and improve efficiency, with many embedding generative AI to automate routine tasks [10][12] - This shift towards AI comes with near-term costs, as capital spending on AI infrastructure and employee training is expected to grow, putting pressure on free cash flow over the next 1 to 2 years [11][12]

Core Viewpoint - The Indian software sector is experiencing a decline due to increasing market concerns about the potential impact of artificial intelligence on existing business models, with major companies like Infosys and TCS leading the downturn [1] Group 1: Market Impact - Infosys and TCS, the two largest software companies in India, saw their stock prices drop by over 4% on Thursday, contributing to a broader sell-off in the sector [1] - The Nifty IT index in India fell by as much as 4.6%, reaching its lowest level since October 1 of the previous year, with all 10 constituent stocks closing lower [1]

Core Viewpoint - Investors in the Computers - IT Services sector should consider Epam (EPAM) and Infosys (INFY) for potential value opportunities, with a closer examination needed to determine which stock offers better value [1] Valuation Metrics - Epam has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while Infosys has a Zacks Rank of 3 (Hold) [3] - The forward P/E ratio for EPAM is 15.25, compared to INFY's 21.20, suggesting EPAM may be undervalued [5] - EPAM's PEG ratio is 1.80, while INFY's PEG ratio is 2.48, indicating EPAM has a more favorable growth valuation [5] - EPAM's P/B ratio stands at 2.86, significantly lower than INFY's P/B of 7.24, further supporting EPAM's valuation advantage [6] - Based on these metrics, EPAM receives a Value grade of B, while INFY is rated C, highlighting EPAM as the superior value option [6][7]

Core Insights - The launch of Anthropic's new legal tool for ClaudeAI has raised concerns about the potential impact on traditional software demand and job losses in the software sector [1][2][3] - Standard Chartered Bank's report indicates that a 10% reduction in software exports could lower GDP growth rates by 1 percentage point for economies like Ireland and India, which heavily rely on telecom, computing, and information services exports [1][2] - The Indian IT sector, employing approximately 5.5 million people, could face significant layoffs despite the affected industry's small labor force percentage [1][2] - Major software exporters such as Tata Consultancy Services, Infosys, HCL Tech, and Tech Mahindra experienced stock declines between 5.8% and 8.1% during the peak of the sell-off [1][2] Industry Impact - The S&P 500 Software and Services Index has dropped by 7.5%, with a market capitalization loss of about $1 trillion since January 28 [2][3] - The increasing capabilities of AI tools like those developed by Anthropic may compress profit margins and lead to a decline in traditional software demand [2][3]