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IT giant Infosys reports slower revenue growth
Proactiveinvestors NA· 2025-01-16 15:36
About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...
Infosys: Strong growth of 6.1% YoY in CC, 80 bps YoY operating margin expansion
Prnewswire· 2025-01-16 12:31
Core Insights - Infosys reported Q3 revenues of $4,939 million, reflecting a sequential growth of 1.7% and a year-on-year growth of 6.1% in constant currency [1][5] - The operating margin for Q3 was 21.3%, an increase of 0.2% sequentially [1][5] - Free cash flow reached a record high of $1,263 million, growing 90% year on year [1][5] - Total Contract Value (TCV) of large deal wins was $2.5 billion, with 63% being net new deals, growing at 57% sequentially [1][7] Financial Performance - Year-to-date revenues as of December 2024 grew by 3.9% year on year in constant currency and reported terms [2] - Operating margin for the nine months ended December 31, 2024, was 21.2%, an increase of 0.3% year on year [2] - Basic EPS for Q3 was $0.19, reflecting a growth of 9.6% year on year [5] Strategic Initiatives - The CEO highlighted strong revenue growth and robust operating parameters as a result of differentiated digital offerings and strategic initiatives, particularly in enterprise AI and generative AI [3] - Infosys announced several strategic collaborations, including partnerships with StarHub, Old National Bank, and RheinEnergie, aimed at enhancing operational capabilities and driving technological innovations [9] Guidance and Outlook - The company revised its revenue growth guidance for FY25 to 4.5%-5.0% in constant currency [7][8] - Operating margin guidance for FY25 is set between 20%-22% [8] Awards and Recognitions - Infosys received multiple awards, including recognition in the India Workplace Equality Index and various accolades at The Asset ESG Corporate Awards 2024 [12]
Infosys and Tennis Australia Create New Generative AI Innovations at the Australian Open 2025
Prnewswire· 2025-01-15 04:11
Infosys AI Innovations at Australian Open 2025 - Infosys introduces AI-driven innovations at Australian Open 2025, powered by Infosys Topaz, an AI-first suite of offerings using generative AI technologies [1] - These innovations aim to redefine fan engagement, empower players and coaches, and expand digital interactivity in tennis [1] Beyond Tennis League - Infosys launches 'Beyond Tennis', the world's first generative AI-powered tennis league, featuring 16 AI-crafted virtual players across eight teams [2] - The league provides year-round interactivity, allowing fans to connect with virtual players, train teams, and compete in AI-generated tournaments [2] - Designed as "The Slam That Never Stops", the league targets younger Gen Z audiences while ensuring safety through a responsible AI framework [2] AI Commentary and VR AI Stadium - Australian Open 2025 will feature AI Commentary on Infosys Match Centre, providing byte-sized insights using large language models [2] - The Infosys Fan Zone introduces a VR AI Stadium, enabling fans to create virtual courts using generative AI speech-to-image features [2] Infosys and Tennis Australia Partnership - Infosys and Tennis Australia unveil AI-driven features for AO 2025, marking a milestone in their seven-year partnership [4] - The collaboration aims to create a more immersive tennis experience through AI-driven technology innovations [4] AI Tools for Players and Media - Infosys provides AI, video analytics, and machine learning tools for players and coaches, including post-match reviews and pre-game analysis [5] - The AI Shot of the Day feature helps AO's media team meet digital content demands by rapidly creating social media-ready clips [5] Infosys Global Leadership - Infosys is a global leader in next-generation digital services and consulting, with over 300,000 employees and clients in more than 56 countries [6] - The company focuses on digital transformation powered by cloud and AI, with an AI-first core and agile digital at scale [6] Executive and CEO Statements - Andrew Groth, EVP - Asia Pacific, Infosys, highlights the company's commitment to pushing technology boundaries for fan engagement and player performance [9] - Craig Tiley, CEO of Tennis Australia, emphasizes the transformative impact of AI on fan interactivity, player insights, and content delivery [9] Sustainability and Future Leaders Program - The Infosys Fan Zone at Melbourne Park is climate active, with a fully offset carbon footprint and recyclable structures [10] - Infosys and Tennis Australia advance the Future Leaders Program, offering digital learning in inclusion, leadership, technology, and design thinking [10]
Infosys Presents Strong Upside But Maybe Overvalued
Seeking Alpha· 2024-12-28 09:10
I am a Canadian business student with experience as an Investments Analyst at a mid-sized asset management firm and am focused on quality long-only articles and searching for high-value companies. I have an event-driven focus, evaluating how equities perform under macro events, considering their financials and corporate strategy above all else.Through university clubs, I would also like to disclose my association with Francesco Infusino.Analyst’s Disclosure: I/we have no stock, option or similar derivative ...
Infosys Achieves Binding Corporate Rules Certification from EU Data Protection Authorities
Prnewswire· 2024-12-19 09:39
First India-headquartered company to receive BCR certification An accredited data privacy compliance framework for international data transfers from the EUBENGALURU, India, Dec. 19, 2024 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has obtained regulatory approvals for its Binding Corporate Rules (BCR) from the Hesse Data Protection Authority, Germany, following concurrence from the EDPB (European D ...
Infosys Partners With Google Cloud: How Should You Play the Stock?
ZACKS· 2024-12-18 15:00
Infosys (INFY) shares have gained 25.8% on a year-to-date (YTD) basis, outperforming the Zacks Computers - IT Services industry’s return of 16.1%. This outperformance reflects Infosys’ continued strength and distinction in the market on the back of its artificial intelligence (AI) offerings, which are assisting clients in increasing productivity and growth throughout their businesses. Infosys’ continued efforts in collaborating with customers to establish a solid database is a major positive. INFY's consist ...
Infosys Strengthens Strategic Collaboration with Google Cloud to Boost Enterprise AI Innovation, Establishes Center of Excellence
Prnewswire· 2024-12-17 10:06
Leveraging Infosys Topaz and Google Cloud technology, the center of excellence will foster co-innovation to deliver transformative AI-powered solutions BENGALURU, India, Dec. 17, 2024 /PRNewswire/ -- Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced the launch of a Google Cloud center of excellence, powered by Infosys Topaz, to foster enterprise AI innovation. The center will serve as a catalyst for co-creation and help busine ...
Infosys Boosts StarHub's IT Capability: What Should Investors Do?
ZACKS· 2024-12-13 14:31
Infosys (INFY) shares have gained 30.6% in the past six months, outperforming the Zacks Computers - IT Services industry, Zacks Computer and Technology sector and broader S&P 500’s return of 19.9%, 8.6% and 12.5%, respectively. This outperformance reflects investors’ confidence in Infosys’ strong financials, robust portfolio and growing customer base.Recently, Infosys’ subsidiary, Infosys Compaz, collaborated with StarHub to drive the latter’s digital transformation. StarHub will leverage Infosys Cobalt to ...
Infosys Collaborates with RheinEnergie to help Enterprises Drive their Energy Transition and Sustainability Agenda
Prnewswire· 2024-12-12 10:09
Leveraging Infosys Cobalt and Infosys Topaz, the collaboration will help enterprises boost energy efficiency by up to 30–40% while meeting decarbonization goalsBENGALURU, India, Dec. 12, 2024 /PRNewswire/ -- Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced its collaboration with RheinEnergie, a leading German energy service provider, to help enterprises drive their energy transition and sustainability agenda forward. The coll ...
Infosys Collaborates with Kardex to Transform Business Operations Using SAP S/4HANA
Prnewswire· 2024-12-04 10:11
To help unify Kardex's ERP system in over 30 countries leveraging Infosys CobaltBENGALURU, India, Dec. 4, 2024 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a strategic collaboration with Kardex, a leading global provider of intralogistics solutions, including automated storage solutions and material handling systems, to transform its business operations using SAP S/4HANA. Leveraging Infosys Cobalt, a set of ...