infosys

Some growth is expected to return in the second half of this fiscal although it must be noted that Q3 is a seasonally weak quarter due to furloughs and lesser number of working days

The Indian IT services industry has been facing challenges over the past few quarters due to continued caution around discretionary spending, delayed decision-making, and tighter project scrutiny weighing on deal ramp-ups and execution.

IT services companies are transitioning from traditional outsourcing to an AI-first model driven by the need to move beyond labour-intensive services, address margin pressures, and provide clients with future-ready solutions

With 95 per cent of enterprises facing incidents, the study reveals wide gap between AI adoption and responsible AI readiness, exposing most enterprises to reputational risks and financial loss

TCS laid off over 12,000 employees, while Infosys has drastically slowed down fresher onboarding and Wipro is also trimming roles in a targeted manner

The move reinforces Infosys' commitment to supporting global clients in navigating their digital transformation journeys.

Discretionary spending continued to be under pressure for Q4 and is expected to remain low in the near future.

The acquisition will be executed through Infosys' wholly owned subsidiary, Infosys Nova Holdings LLC, and is expected to close in the first quarter of FY26.

Infosys revised its revenue growth guidance upwards to 4.5-5.0 per cent in constant currency from 3.75-4.5 per cent at the end of the second quarter.

Leveraging Infosys Topaz and Google Cloud technology, the center of excellence will foster co-innovation to deliver transformative AI-powered solutions.

Before joining Google, Shah spent over nine years at Apple, most recently as head of consumer sales. His career also includes roles at Accenture and Infosys, where he specialised in supply chain management and forecasting.

Abdul Wahab Mohammed became internationally recognized for driving growth through strategic partnerships, technological innovation, and a firm pledge to sustainability.

BFSI is the largest vertical for most Indian IT services companies contributing maximum revenue.

The latest funding will accelerate GalaxEye's plans to launch a high-resolution, all-weather satellite in 2025, providing crucial multi-sensor data for industries such as defense, agriculture, and insurance.

The fresh funding will support category expansion, product innovation, and integrated product suite development while driving market growth in the US, EMEA, and APAC through organic growth and acquisitions.

Bengaluru-based GalaxEye develops multi-sensor satellites and synchronisation platforms for high-resolution, all-weather data. Its technology serves defense, insurance, logistics, agriculture, disaster management, and infrastructure sectors.

Infosys Topaz, a generative AI suite, will drive automation and personalization efforts, while Infosys Cobalt will help LIC accelerate its cloud transformation

Current financial system is not able to cope with the demands of users says Nandan Nilekani, co-founder Infosys

The collaboration allows Liberty Global to realize run-rate savings in excess of €100 million per annum, inclusive of other savings and technology investments, as per a joint statement

Lobo mailed his resignation to Salil Parekh, CEO, Infosys on August 4, 2023, and company filed the same with BSE, announcing that Lobo's last date with the company would be August 31, 2023

The announcement comes days before the IT service giant is set to report its first-quarter earnings