Latest news with #Infosys'
Yahoo
3 hours ago
- Business
- Yahoo
Infosys Recognized as Number One Service Provider in Cloud & Infrastructure Services in the Whitelane Research IT Sourcing Study 2025 UK & Ireland
Recognized as an 'Exceptional Performer' for the Second Year Running LONDON, Aug. 8, 2025 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has been recognized as the number one service provider in Cloud & Infrastructure Services across the United Kingdom and Ireland (UK&I) in the Whitelane Research IT Sourcing Study 2025 UK & Ireland. The report ranked Infosys as an 'Exceptional Performer' for the second consecutive year. This reaffirms its leadership in delivering high-quality cloud and infrastructure solutions to global enterprises driven by the comprehensive capabilities of Infosys Cobalt, a set of services, solutions, and platforms for enterprises to accelerate their cloud journey. Whitelane Research surveyed close to 400 participants from the top IT spending organizations in the UK&I, who evaluated over 1,000 unique IT sourcing relationships and more than 1,100 cloud platform sourcing engagements. Service providers were assessed based on their service delivery, account management quality, price level, innovation, and business transformation capabilities. Infosys' key differentiating factors highlighted in the report include: Ranked number one in UK&I in the Cloud & Infrastructure Services category: Infosys achieved an 80% client satisfaction score for its expertise in data center maintenance, integration, and managed infrastructure services, and Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) offerings. 'Exceptional Performer' for Two Consecutive Years (2024 & 2025): Highlights consistent high performance in cloud and infrastructure solutions. Among Top 3 in General Satisfaction Infosys maintained its strong position for overall 'General Satisfaction', demonstrating consistent performance across its broad range of IT services. Above-Market Satisfaction: Infosys' overall satisfaction scores are 6% higher than the market average (74%) in cloud & infrastructure services, and 7% above the general satisfaction ranking. High Client Satisfaction: 73% of clients reported being 'satisfied' or 'very satisfied', with 100% positive satisfaction in the Cloud & Infrastructure Services segment. Strong Performer in Application Services: Infosys was also recognized as a 'Strong Performer' in Application Services, which includes application development, maintenance, and testing using advanced methodologies like DevOps. Alex van den Bergh, Head of Research, Europe, Whitelane Research, said, "Our latest study reveals a dynamic market where enterprises are increasingly prioritizing robust, innovative, and value-driven IT partnerships. In this evolving landscape, Infosys stands out remarkably. Their recognition as the number one service provider and as an 'Exceptional Performer' in Cloud & Infrastructure Services for the second consecutive year underscores their unmatched capabilities. Looking ahead, the demand for agile, secure, and transformative cloud and digital solutions will only intensify, and organizations who consistently demonstrate high-impact results and client-centricity, are perfectly positioned to lead this future." Umashankar Lakshmipathy, EVP and Head of Cloud, Infrastructure, and Security Services, EMEA, Infosys, said, "We are incredibly proud to be recognized by Whitelane Research as the number one service provider and an 'Exceptional Performer' in the Cloud & Infrastructure Services across the UK & Ireland. Our ability to consistently deliver such high levels of satisfaction, including an 80% client satisfaction score, stems from a fundamental principle: deeply understanding our clients' unique challenges and leveraging our expertise in data center, managed infrastructure, IaaS/PaaS, and application services, including our comprehensive Infosys Cobalt offerings, to provide transformative solutions. We remain committed to empowering enterprises with next-generation digital capabilities, driving their growth and resilience in a cloud-first, AI-first world." Read more about the 2025 Whitelane UK & Ireland study here. Learn more about Infosys cloud and infrastructure offerings, please visit About Infosys Infosys is a global leader in next-generation digital services and consulting. Over 320,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. We enable clients in 59 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 artificial intelligence ("AI"), 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, 2025. 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 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
India.com
5 days ago
- Business
- India.com
While Gen Z Hustles, This 21-Month-Old Earns Rs 10,65,00,000 From….; Is Youngest Investor Of THIS Company—He Is….
photoDetails english Updated:Aug 03, 2025, 07:08 PM IST This Toddler Bags ₹10.65 Crore 1 / 8 While most Gen Zers are busy juggling side hustles and first jobs, a 21-month-old toddler has already earned a whopping Rs 10.65 crore—all without lifting a finger. Meet Ekagrah Rohan Murty, the youngest member of the Murthy family, who's quietly making headlines as one of India's youngest dividend millionaires. Meet Ekagrah—India's Youngest Dividend Millionaire 2 / 8 Ekagrah was born in November 2023 in Bengaluru to Rohan Murthy and Aparna Krishnan. He is the grandson of Infosys co-founder Narayana Murthy and acclaimed author-philanthropist Sudha Murty. Despite being just a toddler, he's already made more money in dividends than many adults earn in a lifetime. Gifted 15 Lakh Infosys Shares As A Baby 3 / 8 When Ekagrah was only four months old, his grandfather gifted him 15 lakh Infosys shares, amounting to a 0.04 per cent stake in the company. At the time of the transfer, the shares were valued at over Rs 240 crore—instantly making him one of the youngest shareholders of a major Indian tech company. Rs 10.65 Crore Earned From Dividends Alone 4 / 8 In the financial year ending March 2025, Infosys announced three dividend payouts totaling Rs 49 per share. Ekagrah earned Rs 7.35 crore through interim dividends and another Rs 3.3 crore through the final dividend—bringing his total dividend income to Rs 10.65 crore. Infosys Dividend Bonanza 5 / 8 Even with a modest-sounding 0.04 per cent stake, Ekagrah's shareholding earned him crores in just one financial year. Infosys' consistent dividend performance shows how powerful equity ownership can be, especially when started early—even from infancy. Part Of A Powerhouse Legacy 6 / 8 Ekagrah is the third grandchild of Narayana and Sudha Murty. His cousins, Krishna and Anoushka, are the daughters of Akshata Murty and UK Prime Minister Rishi Sunak. With such a remarkable family legacy, it's no surprise that even the youngest generation is already making financial headlines. Murthy Family's Dividend Earnings This Year 7 / 8 The latest dividend payout also brought in massive gains for other Murthy family members. Akshata Murty, who holds a 1.04 per cent stake in Infosys, earned Rs 85.71 crore. Narayana Murthy received Rs 33.3 crore, while Sudha Murty pocketed Rs 76 crore. Clearly, Infosys continues to reward its founding family generously. A Financial Head Start Like No Other 8 / 8 At just 21 months old, Ekagrah already has a head start in life that most people can only dream of. With Rs 10.65 crore in dividend earnings and equity worth hundreds of crores, he is not only India's youngest investor—but possibly one of its most fortunate as well.
Economic Times
01-08-2025
- Business
- Economic Times
AI will lead to concentration of wealth, power; must use AI for solving social challenges: Nilekani
AP IT services major Infosys' co-founder and non-executive chairman Nandan Nilekani has said that artificial intelligence (AI) is bound to lead to concentration of wealth and power in a few, but pitched for deploying new-age technologies at scale for human betterment. Smart use of AI can solve problems of healthcare and education for a billion people, Nilekani said, stressing that he is an optimist who wants to look at the positive side of technology in tackling real issues. "Obviously, there is going to be a concentration of wealth and power with AI ... we can't fight that. Forces at play are much bigger than any of us. But in our zone of influence, we have to do what we can to create a different paradigm," he said, speaking at an event hosted by the Asia Society here late on Thursday evening. "AI will be very well used in India but in a way that helps people's lives, helps them to learn languages, get better healthcare, get better education," Nilekani, who is credited for creating a unique identity for over a billion Indians as part of the Aadhar project and also the widely popular unified payments interface, said. Even as the Western world and China invest billions of dollars to stay ahead in AI, Nilekani recommended India should avoid that expensive race for now and instead apply the tools to solve real world problems. Nilekani also went public with his reservations on the universal basic income (UBI) concept, which is being touted as a necessity in some quarters which feel that AI's impact will impact jobs, forcing humans to subsist on the cash transfers from the government. The IIT-Bombay alum explained that some people feel AI will do all the jobs or work and human life will be about playing video games on the beach while getting money in bank accounts as per this view. "I don't agree with the vision that these guys are propounding... that is a dystopian idea," Nilekani said, spelling out his view of AI. AI should be used to "amplify the human potential" and make people's lives better, he exhorted. The country's ability to render high quality service to the citizens can be amplified using AI tools, Nilekani said, reiterating that he does not subscribe to the UBI idea. It can be noted that the idea of UBI had also found a mention in one of the economic surveys authored by the then Chief Economic Advisor Arvind Subramanian had suggested it in the economic survey of 2017. Pointing to successes like Aadhar, account aggregator and their advantages to industry, Nilekani said the future is getting invented here in India but added that there is a need to keep innovating when the aspirations of over a billion people get unlocked. "... You have to innovate to keep ahead. Otherwise, you will have negative risk-to-rewards and revolutions and so on. So, I think, by force, we will have to innovate to solve the problems of a billion people," he said. As we innovate, we will have to be cognizant of the low purchasing power levels, and keep the design "frugal", Nilekani said, pointing out that it is only through the adoption of such principles that an amount as small as Re 1 can be sent for free using the UPI platform in India, which is not possible anywhere else in the world. Design simplicity is the biggest lesson from the Aadhar project which also got implemented in the UPI project, Nilekani recollected, pointing out that the document explaining the payments platform created by Dilip Asbe and Pramod Verma was just one page long Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. US tariff hike to hit Indian exports, may push RBI towards rate cuts Is Bajaj Finance facing its HDFC Bank moment? Tata Motors' INR38k crore Iveco buy: Factors that can make investors nervous Trump tariffs: End of road or a new journey ending Russia reliance? Stock Radar: PI Industries stock showing signs of momentum; takes support above 50-DEMA – time to buy? Long-term investing: Volatility, even threats, have limited shelf life; 5 large-caps from different sectors with upside potential of up to 38% These large- and mid-cap stocks can give more than 21% return in 1 year, according to analysts Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
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Business Standard
01-08-2025
- Business
- Business Standard
AI will concentrate wealth; must solve social issues with it: Nilekani
IT services major Infosys' co-founder and non-executive chairman Nandan Nilekani has said that artificial intelligence (AI) is bound to lead to concentration of wealth and power in a few, but pitched for deploying new-age technologies at scale for human betterment. Smart use of AI can solve problems of healthcare and education for a billion people, Nilekani said, stressing that he is an optimist who wants to look at the positive side of technology in tackling real issues. "Obviously, there is going to be a concentration of wealth and power with AI ... we can't fight that. Forces at play are much bigger than any of us. But in our zone of influence, we have to do what we can to create a different paradigm," he said, speaking at an event hosted by the Asia Society here late on Thursday evening. "AI will be very well used in India but in a way that helps people's lives, helps them to learn languages, get better healthcare, get better education," Nilekani, who is credited for creating a unique identity for over a billion Indians as part of the Aadhar project and also the widely popular unified payments interface, said. Even as the Western world and China invest billions of dollars to stay ahead in AI, Nilekani recommended India should avoid that expensive race for now and instead apply the tools to solve real world problems. Nilekani also went public with his reservations on the universal basic income (UBI) concept, which is being touted as a necessity in some quarters which feel that AI's impact will impact jobs, forcing humans to subsist on the cash transfers from the government. The IIT-Bombay alum explained that some people feel AI will do all the jobs or work and human life will be about playing video games on the beach while getting money in bank accounts as per this view. "I don't agree with the vision that these guys are propounding... that is a dystopian idea," Nilekani said, spelling out his view of AI. AI should be used to "amplify the human potential" and make people's lives better, he exhorted. The country's ability to render high quality service to the citizens can be amplified using AI tools, Nilekani said, reiterating that he does not subscribe to the UBI idea. It can be noted that the idea of UBI had also found a mention in one of the economic surveys authored by the then Chief Economic Advisor Arvind Subramanian had suggested it in the economic survey of 2017. Pointing to successes like Aadhar, account aggregator and their advantages to industry, Nilekani said the future is getting invented here in India but added that there is a need to keep innovating when the aspirations of over a billion people get unlocked. "... You have to innovate to keep ahead. Otherwise, you will have negative risk-to-rewards and revolutions and so on. So, I think, by force, we will have to innovate to solve the problems of a billion people," he said. As we innovate, we will have to be cognizant of the low purchasing power levels, and keep the design "frugal", Nilekani said, pointing out that it is only through the adoption of such principles that an amount as small as Re 1 can be sent for free using the UPI platform in India, which is not possible anywhere else in the world. Design simplicity is the biggest lesson from the Aadhar project which also got implemented in the UPI project, Nilekani recollected, pointing out that the document explaining the payments platform created by Dilip Asbe and Pramod Verma was just one page long.
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Business Standard
31-07-2025
- Business
- Business Standard
For India's IT cos, growth in Europe may only be a temporary relief
With demand for information-technology (IT) services in North America still sluggish, Europe has become a source of optimism for Indian companies because it is delivering steady gains over the past two years and continuing to outperform in the latest quarter. Yet analysts caution a full-scale revival will require a rebound in the United States (US), particularly in manufacturing, retail, and BFSI (banking, financial services, and insurance), because Europe contributes only about a third of the revenues. Companies like Infosys and Tata Consultancy Services are benefiting from large outsourcing deals, rising research & development (R&D), and increasing cloud and AI (artificial intelligence) adoption by European enterprises. For example, Infosys' growth in Europe over the past three years has far surpassed that in North America and the company's overall growth. Even in the first quarter of FY26, Europe was up 12.3 per cent, compared to North America at 0.4 per cent, on a constant-currency basis over a year earlier. 'There are consolidation deals we have won in Europe. So that has helped. And over time, Europe is also opening up from the outsourcing perspective. That is helping in growth,' Infosys Chief Financial Officer Jayesh Sanghrajka told analysts. The company is also benefiting from a pipeline of large deals in the continent. Experts say European enterprises historically invested just a fifth of what US firms allocated to tech R&D. In emerging areas like AI, private investment in the US outpaced that in Europe by three to four times, contributing to higher costs and slower modernisation across industries. Nitin Bhatt, partner and technology-sector leader, EY, said IT expenditure in Europe was expected to grow 8-10 per cent in 2025 over the previous year, marking the strongest annual growth since the pandemic. 'The narrative is shifting. Over the past few years, European companies have accelerated their R&D investment, with growth rates surpassing those of US firms for the first time in over a decade. Key sectors, such as manufacturing, banking, and public services, are embracing cloud and sustainability-linked initiatives to digitise operations and enhance competitiveness. Early adopters, particularly in financial services, have demonstrated the value of offshoring critical functions, leading to the broader acceptance of outsourcing across industries,' added Bhatt. TCS separates UK revenue from what it earns in continental Europe. UK revenue was up 4 per cent and continental Europe 0.7 per cent, while North America was down 1.8 per cent. 'With the trade uncertainty and the new spending on defence stimulating the economy, Europe has become a more attractive market for Indian firms,' said Peter Bendor-Samuel, founder and executive chairman, Everest Group. Wipro, whose fortunes have moved the other way, has been hit by some of its client-specific problems in the continent. The company, however, expects to return to trajectory from the third quarter as soon as revenue from the $500 million Phoenix deal kicks in. 'The growth drivers for IT companies in Europe include rising need for cost-optimisation deals to reduce tech spend, technology adoption as European firms aim to build tech capabilities to maintain sovereignty, and reducing dependency on the US. Key sectors powering growth are manufacturing in Germany, shipping and logistics in northern Europe, and financial services across the continent. Demand is particularly strong in cloud computing, generative AI, digital transformation, and cybersecurity,' said Gaurav Vasu, founder, data intelligence firm UnearthInsights. Sanghrajka said it would be difficult to ascertain whether Europe would continue growing. When asked if the geography was only a fall-back option till the larger market gets its mojo back, Bendor-Samuel said: 'This looks less like a permanent shift and more like Europe being on a stronger trajectory at this time,'
