Page 38 - The Indian EYE 052424

BUSINESS EYE MAY 24, 2024 | The Indian Eye 38

How the Indian IT giant Infosys

is leading AI tech innovation with

tie-ups across the world

The net profit of IT major surged by 30 per cent YoY to Rs 7,969 crore, the company

informed stock exchanges in its quarterly-earning data released in April

OUR BUREAU trajectory for the fiscal year 2024-
25 in a range of 1 to 3 per cent. The
Bengaluru/Sydney
company also announced the acqui-
nfosys collaborated with Telstra, sition approval of in-tech Holding
Australia’s telecommunications GmbH, a prominent player in Engi-
Iand technology company, on neering R&D services.
Thursday for an AI-led engineering “We delivered the highest ever
transformation of Telstra. The collab- large deal value in the financial year
oration aims to accelerate Telstra’s 2024. This reflects the strong trust
software engineering and IT trans- clients have in us. Our capabilities
formation journey while enhancing in Generative AI continue to expand.
customer experience, the company We are working on client programs,
informed the exchange in a filing. leveraging large language models
“Telstra and Infosys stand as trail- with impact across software engi-
blazers in technological innovation, neering, process optimization, and
united by a shared vision. This col- customer support, said Salil Parekh,
laboration underscores our commit- CEO and MD.
ment to delivering innovative cloud He further added “I would like
and AI-led solutions that will help to thank our 317,000 employees
position Telstra as a leader in this across the world that are working to
new era,” said Anand Swaminathan, create value for our clients.”
Executive Vice President and Global Furthermore, Infosys declared a
Industry Leader, Communications, dividend of Rs 28 per share, compris-
Media, and Technology, Infosys. ing a regular dividend of Rs 20 per
equity share for the financial year
By leveraging Infosys’s AI-first ended March 31, 2024, along with
an additional special dividend of Rs8
suite of offerings, known as per equity share.
A dividend is a reward that com-
‘Infosys Topaz’, and its cloud Founder and Chairman of Infosys Narayana Murthy (ANI) panies often provide to their share-
suite of offerings called ‘Infos- Telstra with a robust engineering ligence to drive efficiencies and inno- holders, though not mandatory, from

ys Cobalt’, Telstra seeks to sim- backbone that supports its innova- vation across its operations. a portion of their earnings.
The company also announced
tion goals and facilitates its ongoing
Meanwhile, Infosys Cobalt, the
plify its technology landscape transformation. cloud suite of offerings, will provide that its next 43rd Annual Gener-
“Consumers around the world
and continue its transforma- have significantly increased their Telstra with the necessary tools and al Meeting of the Members of the
capabilities to accelerate its journey
Company will be held on Wednesday,
tion into an innovation-led en- expectations when it comes to the to the cloud, enhancing agility and June 26, 2024.
terprise. seamless, digital delivery of their scalability. Infosys is a digital services and
products and services. As we ap- Earlier, it was reported that the consulting company. With a work-
proach the tipping point of Gener- IT sector major reported a revenue force of more than 3,00,000, the
“By leveraging Infosys Cobalt ative AI and an avalanche of digital growth of 1.3 per cent year-on-year IT firm has clients in more than 56
and Infosys Topaz, we can help Tels- adoption, strategic partnerships with (YoY) in the fourth quarter of just countries.
tra accelerate its strategy for growth” global leaders such as Infosys are concluded financial year 2023-24, The shares of Infosys closed
said Salil Parekh, Chief Executive critical to support our shared ambi- with revenues reaching Rs 37,923 more than percent higher at Rs
Officer, Infosys. tions for digital leadership” said Kim crore. Moreover, the net profit of In- 1,429.50 on Thursday’s trading ses-
Through this partnership, Info- Krogh Andersen, Group Executive, fosys surged by 30 per cent YoY to Rs sion before the announcement of
sys will introduce modern product Product and Technology, Telstra. 7,969 crore, the company informed Quarter 4 results by the company.
engineering practices to elevate both Infosys Topaz, the AI-first suite stock exchanges in its quarterly earn- In the last one year the company
customer and employee experience of offerings, will enable Telstra to ing data released on Thursday. share has gained more than 16 per-
within Telstra. The goal is to provide harness the power of artificial intel- Infosys also projected a growth cent on NSE.

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