Latest news with #AmericanaRestaurants
The Hindu
4 days ago
- Business
- The Hindu
Infosys BPM introduces AI Agents to ensure better efficiency, accuracy in invoice processing
Infosys BPM, the business process management arm of Infosys, has on Friday announced the launch of AI agents for invoice processing within its flagship Infosys Accounts Payable on Cloud solution. Powered by Infosys Topaz, the innovation would redefine invoice processing by moving from a human-driven, AI-supported model to an autonomous AI-first approach, said the company. According to Infosys BPO, designed to operate autonomously, the solution leverages AI agents equipped with advanced decision-making capabilities to handle complex business scenarios with precision and speed. Autonomous AI-first approach enables end-to-end workflow management, allowing AI agents to handle dynamic processes, adapt to changing business logic, and perform intricate tasks with minimal human oversight, claimed the company. This solution was developed in close collaboration with Americana Restaurants, the largest out-of-home dining and quick service restaurant operator across the Middle East, North Africa, and Kazakhstan, with more than 2,600 restaurants. Building on the successful deployment of Accounts Payable on Cloud solution for Americana, Infosys BPM was now integrating Agentic AI to make their invoice processing largely autonomous, further enhancing its efficiency and accuracy, it further said. Anantha Radhakrishnan, CEO & Managing Director, Infosys BPM, said, 'With the introduction of Agentic AI into Infosys Accounts Payable on Cloud solution, we are redefining what is possible in the finance and accounting functional domain. By integrating Infosys Topaz with a purpose-built multi-agent framework, along with Microsoft's AI stack, we've developed a solution that is autonomous by design, responsive to change, and built to evolve.''
Yahoo
5 days ago
- Business
- Yahoo
Infosys BPM Unveils AI Agents to Revolutionize Finance and Accounting Services
New Agentic AI-powered solution set to redefine accounts payable operations with significant efficiency gains, enhanced accuracy and improved user experience BENGALURU, India, May 30, 2025 /PRNewswire/ -- Infosys BPM, the business process management arm of Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), today announced the launch of AI agents for invoice processing within its flagship Infosys Accounts Payable on Cloud solution. Powered by Infosys Topaz, the innovation redefines invoice processing by moving from a human-driven, AI-supported model to an autonomous AI-first approach, which ensures greater efficiency and accuracy. Designed to operate autonomously, the solution leverages AI agents equipped with advanced decision-making capabilities to handle complex business scenarios with precision and speed. Autonomous AI-first approach enables end-to-end workflow management, allowing AI agents to handle dynamic processes, adapt to changing business logic, and perform intricate tasks with minimal human oversight. The new Agentic AI-powered Accounts Payable on Cloud solution aims to boost operational efficiency significantly, enabling businesses to scale quickly and effectively. Powered by Microsoft's AI stack, the solution combines Azure AI Foundry and other LLMs with custom AI agents. The integration of Cognitive Services with Azure's Platform-as-a-Service (PaaS) offerings enables the delivery of scalable, intelligent, and enterprise-ready AI solution. This solution was developed in close collaboration with Americana Restaurants, the largest out-of-home dining and quick service restaurant operator across the Middle East, North Africa, and Kazakhstan, with more than 2,600 restaurants. Building on the successful deployment of Accounts Payable on Cloud solution for Americana, Infosys BPM is now integrating Agentic AI to make their invoice processing largely autonomous, further enhancing its efficiency and accuracy. Harsh Bansal, Chief Financial Officer and Chief Growth Officer, Americana Restaurants, said, "At Americana Restaurants, we are committed to leading digital transformation, and as we scale our operations, intelligent automation is key to achieving greater efficiency and agility. With AI-powered Infosys Accounts Payable on Cloud, we have made invoice processing faster, enhanced accuracy, and improved efficiency. The addition of Agentic AI takes this a step further, reducing manual dependencies and bringing more intelligence and autonomy into our invoice processing. We are delighted that we have pioneered this initiative with Infosys and look forward to closely working with Infosys BPM to lead us collectively into a future of smarter and more agile operations." Stephen Boyle, Global Leader, GSIs, ESIs and Advisories, Microsoft, said, "We commend Infosys BPM for launching Microsoft AI agents within its Accounts Payable on Cloud solution, showcasing AI's ability to streamline complex workflows and enhance critical business operations. This innovation underscores Infosys's transformative potential and sets the stage for intelligent automation to drive future business success." Anantha Radhakrishnan, CEO & Managing Director, Infosys BPM, said, "With the introduction of Agentic AI into Infosys Accounts Payable on Cloud solution, we are redefining what is possible in the finance and accounting functional domain. By integrating Infosys Topaz with a purpose-built multi-agent framework, along with Microsoft's AI stack, we've developed a solution that is autonomous by design, responsive to change, and built to evolve. This exemplifies our commitment to pioneering innovation and delivering unparalleled business value to enterprises worldwide." About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace. Visit to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next. Safe Harbor Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024. These filings are available at Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law. Logo: View original content: SOURCE Infosys
Zawya
30-04-2025
- Business
- Zawya
Americana Restaurants achieves higher sales in Q1-25 despite currency devaluation in Egypt
Americana Restaurants International logged net profits attributable to the owners valued at $32.64 million in the first quarter (Q1) of 2025, up 16.50% year-on-year (YoY) from $28.02 million. The company's revenues jumped by 16.20% to $573.38 million as of 31 March 2025 from $493.50 million in Q1-24, according to the financial results. The cross-listed group delivered robust revenue growth despite softening consumer demand in certain markets, additional days of Ramadan 2025, and the impact from the currency devaluation, primarily in Egypt Basic and diluted earnings per share (EPS) grew by 17.20% YoY to $0.0039 in Q1-25 from $0.0033. This performance was mainly driven by like-for-like sales improvements and the expansion of the store network. During the three-month period, Americana Restaurants opened 14 new stores and launched 46 additional stores from Pizza Hut Oman, bringing the total store count to 2,630 across 12 countries. In 2024, the company's net profits attributable to the shareholders retreated by 38.80% to $158.75 million from $259.46 million in 2023. Source: Mubasher All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. ( Mubasher
Zawya
30-04-2025
- Business
- Zawya
Americana Restaurants reports double-digit growth in revenue and profitability
Americana Restaurants reported a 16.2% year-on-year increase in sales resulting in 16.5% year-on-year increase in Net Income for Q1 2025. Americana Restaurants continued to expand its footprint by opening new outlets and integrating the Pizza Hut business in Oman, bringing the total number of stores to 2,630. Abu Dhabi and Riyadh: Americana Restaurants International PLC ('Americana Restaurants' or the 'Company') (ADX symbol: AMR/ ISIN: AEE01135A222) (Saudi Stock Exchange symbol: 6015), the largest out-of-home dining and quick service restaurant operator in the Middle East & North Africa ('MENA') and Kazakhstan, today announced its financial results for the three-month period ended 31 March 2025. Americana Restaurants delivers robust financial performance in Q1 2025 The Company reported a revenue growth of 16.2% compared to the same period last year. This performance was primarily driven by like-for-like sales improvements, and the expansion of the store network. The Company delivered robust revenue growth despite softening consumer demand in certain markets, additional days of Ramadan this year, and impact from the currency devaluation primarily in Egypt. In the first quarter of 2025, the company reported EBITDA of USD 121.7 million, an increase of 17.4% compared to Q1 2024. Net profit attributable to shareholders of the Parent Company was USD 32.6 million, reflecting a 16.5% year-on-year increase. This increase was driven by revenue growth and improved gross margin through cost initiatives. EBITDA and net income margins remained broadly in line with the same period last year. This was achieved despite the applicability of new tax regulations of $3.5M in key markets in Q1 2025. In addition, net income of Q1 2024 also included positive one-off items amounting to $7.4 M – mainly pertaining to marketing cost reliefs that were received Q1 2024 and normalized in the subsequent quarters. The Company generated USD 33.5 million in Free Cash Flow during the quarter, while maintaining a strong balance sheet with no leverage and healthy cash reserves. Ongoing Portfolio Expansion During the quarter, the Company opened 14 new stores and integrated 46 additional stores from Pizza Hut Oman, bringing the total store count to 2,630 across 12 countries. This expansion reflects the Company's steady network growth and continued investment in key markets. Outlook: Steady Progress Through 2025 The Company entered 2025 with a focus on strengthening transaction recovery, enhancing average check, and continuing investments in digital capabilities. Americana Restaurants remains committed to omnichannel development, operational improvements, and cost efficiency to support performance through the remainder of the year. While higher tax charges in certain markets may affect net income in upcoming quarters, the Company is managing these developments through financial planning and operational flexibility. Americana Restaurants aims to maintain steady progress across key performance areas and deliver value to its stakeholders while growing its presence in the key markets committing to the guidance provided in the beginning of 2025. Financial Highlights $ millions Q1 2025 Q1 2024 Change % Revenue 573.4 493.5 16.2% EBITDA 121.7 103.7 17.4% Net Profit (attributable to the shareholders of the Parent Company) 32.6 28.0 16.5 % Free Cash Flow 33.5 (26.5) 226.3% Earnings per Share 0.0039 0.0033 17.2% Total Store Count 2,630 2,456 7.1% Serving Communities, Celebrated Globally In Q1 2025, the Company undertook a series of Ramadan-focused community initiatives across 12 countries. These efforts included supporting underserved communities through meal distribution and essential supplies. During the same period, Americana Restaurants received recognition from Yum! at its 2025 Franchise Convention, including awards such as 'Modern Restaurant Portfolio,' 'Digital Driver,' and 'Yum! Growth Partner.' -Ends- Earnings Conference Call A conference call to present earnings, followed by a Q&A session, has been scheduled for Thursday, 1 May, 2025 at 17:00 (GST) / 14:00 (BST) / 9:00 (EDT). The call will be hosted by Amarpal Sandhu (CEO), Harsh Bansal (CFO & CGO) and Pujeet Girish (Head Investor Relations). Interested parties are invited to join the call by clicking here. About Americana Restaurants Americana Restaurants is the largest out-of-home dining and quick service restaurant (QSR) operator in its 12 countries of operation across the Middle East, North Africa and Kazakhstan. The Company's historic IPO on the Abu Dhabi Securities Exchange (ADX) and the Saudi Exchange in 2022 marked the region's first-ever concurrent dual-listing. Today, Americana Restaurants is a leading master franchisee and a food and beverage pioneer with decades-long heritage, an extensive geographic footprint, long-standing franchisor relationships and a diverse restaurant portfolio that spans the full out-of-home dining spectrum from QSR to fast casual, coffee and indulgence. The Company's portfolio includes a range of iconic global brands, including KFC, Pizza Hut, Hardee's, Krispy Kreme, Peet's Coffee, Wimpy, TGI Friday's, Costa Coffee and Baskin Robbins. Americana Restaurants' customer-centric restaurant platform, which includes 20 proprietary SuperApps, allows customers to experience their favourite global restaurant brands and meals when they want, where they want and how they want. For more information, please visit: Contact Investor Relations Pujeet Parekh Head of Investor Relations and Business Development Media Hayan Shadaydeh Senior Media Relations Manager
Iraqi News
01-04-2025
- Business
- Iraqi News
KFC expands in Iraq with tenth location in Baghdad
Baghdad ( – KFC continues its growth in Iraq with the opening of its tenth location in the capital city of Baghdad. The global fast-food chain, operated in Iraq by Americana Restaurants, a franchisee based in the United Arab Emirates, is making steady progress in expanding its footprint across the country. A notable feature of this latest opening is the drive-through, enhancing convenience for Iraqis and marking another milestone in KFC's expansion strategy. With its growing presence, KFC is strengthening its position in the Iraqi market, catering to an increasing demand for international fast-food options.
