Infosys news

Here are some recent news updates about Infosys:

Recent News

  1. Infosys to hire 12,000 American workers: In a bid to boost its presence in the US, Infosys has announced plans to hire 12,000 American workers over the next two years. The company aims to increase its local hiring in the US to 15,000 by 2023. (Source: CNBC)
  2. Infosys reports strong Q2 results: Infosys has reported a strong set of financial results for the second quarter of FY2023, with revenue growth of 12.3% year-on-year and net profit growth of 14.1%. The company's CEO, Salil Parekh, attributed the strong performance to the company's focus on digital transformation and its ability to attract new clients. (Source: Business Standard)
  3. Infosys launches new AI-powered platform: Infosys has launched a new AI-powered platform called " Infosys Nia" which is designed to help businesses automate and optimize their operations. The platform uses machine learning and natural language processing to analyze data and provide insights to businesses. (Source: ZDNet)
  4. Infosys partners with Microsoft to offer cloud services: Infosys has partnered with Microsoft to offer cloud services to its clients. The partnership will enable Infosys to offer a range of cloud-based services, including migration, deployment, and management of cloud applications. (Source: CRN)
  5. Infosys to acquire US-based company, Wongtar: Infosys has announced plans to acquire US-based company, Wongtar, a provider of digital transformation services. The acquisition is expected to strengthen Infosys' presence in the US and enhance its capabilities in digital transformation. (Source: The Economic Times)

Recent Developments

  1. Infosys' CEO, Salil Parekh, to step down: Salil Parekh, the CEO of Infosys, has announced that he will step down from his position effective March 2023. The company has appointed U.B. Pravin Rao as the interim CEO until a new CEO is appointed. (Source: The Hindu)
  2. Infosys' board approves share buyback: Infosys' board has approved a share buyback program worth ₹13,000 crore (approximately $1.7 billion). The buyback program is aimed at returning value to shareholders and reducing the company's debt. (Source: Business Standard)
  3. Infosys' revenue growth slows down: Infosys' revenue growth has slowed down in recent quarters, with the company reporting a revenue growth of 7.4% year-on-year in Q1 FY2023. The company has attributed the slowdown to the ongoing pandemic and the impact of the US-China trade tensions. (Source: The Economic Times)

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