INFY Stock Recent News

India's Infosys filed a counterclaim against rival Cognizant in a Texas federal court on Thursday, accusing the U.S.-based firm of engaging in anti-competitive practices and poaching key executives.

Dublin, Jan. 06, 2025 (GLOBE NEWSWIRE) -- The "Payroll Outsourcing Market Report and Forecast 2024-2032" report has been added to ResearchAndMarkets.com's offering. The global payroll outsourcing market size reached approximately USD 10.36 billion in 2023. Aided by the increasing demand for efficient payroll management solutions and the growing trend of business process outsourcing, the market is projected to grow at a CAGR of 6% between 2024 and 2032, reaching a value of around USD 17.59 billion by 2032. The growing preference for outsourcing non-core business functions is one of the key drivers of the payroll outsourcing market growth. Companies are increasingly focusing on their core operations and choosing to outsource payroll and other administrative tasks to specialised providers who can offer greater efficiency, accuracy, and compliance with the ever-evolving regulatory landscape. This shift allows businesses to reduce operational costs and avoid penalties associated with payrol

Infosys demonstrates strong financial performance with a 3.73% YoY sales increase and a 24.31% YoY rise in free cash flow, driven by cloud and AI platforms. Despite slight underperformance compared to industry benchmarks, Infosys' robust balance sheet and highest profit margin among peers justify its premium valuation. Analysts project a 7.17% price increase, driven by growth in AI and cloud services, though emerging market risks and AI execution remain concerns.

First India-headquartered company to receive BCR certification An accredited data privacy compliance framework for international data transfers from the EU BENGALURU, 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 Data Protection Board). BCR provides a lawful framework within which organizations can transfer personal data internationally within their group companies.

INFY's new Google Cloud center of excellence aims to drive co-creation and empower businesses to leverage generative AI for growth.

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 businesses harness the power of generative AI to achieve transformative growth.

INFY's Compaz collaborates with StarHub to streamline the latter's cloud capabilities and integrate generative AI technologies.

Leveraging Infosys Cobalt and Infosys Topaz, the collaboration will help enterprises boost energy efficiency by up to 30–40% while meeting decarbonization goals BENGALURU, 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 collaboration will leverage the Infosys Energy Cloud, which is part of Infosys Cobalt, a set of services, solutions and platforms for enterprises to accelerate their cloud journey, and Infosys Topaz, an AI-first offering using generative AI technologies.

To help unify Kardex's ERP system in over 30 countries leveraging Infosys Cobalt BENGALURU, 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 services, solutions and platforms for enterprises to accelerate their cloud journey, Infosys will help Kardex unify its ERP system in over 30 countries, boost operational efficiency, and scalability.

Infosys Limited (NYSE:INFY ) Q2 2025 Earnings Conference Call October 17, 2024 8:30 AM ET Company Participants Salil Parekh - Chief Executive Officer Jayesh Sanghrajka - Chief Financial Officer Sandeep Mahindroo - Head of Investor Relations Conference Call Participants Gaurav Rateria - Morgan Stanley Bryan Bergin - TD Cowen Jonathan Lee - Guggenheim Securities Vibhor Singhal - Nuvama Equities Kumar Rakesh - BNP Paribas Rishi Jhunjhunwala - IIFL Equities Jamie Friedman - Susquehanna International Group Nitin Padmanabhan - Investec Abhishek Kumar - JM Financial Keith Bachman - BMO Capital Prashant - Manik Taneja - Axis Capital Sandeep Shah - Equirus Securities Girish Pai - BOB Capital Markets Operator Ladies and gentlemen, good day and welcome to the Infosys Limited Q2 FY25 earnings conference call. As a reminder, all participant lines will be in listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.