Infosys and Microsoft Expand Strategic Partnership to Accelerate Generative AI and Cloud Adoption

Infosys shares in spotlight after expanding partnership with Microsoft to boost Microsoft Cloud, GenAI adoption

Infosys shares will be in focus on Thursday after the IT giant announced an expanded partnership with Microsoft to drive the global adoption of generative AI and Microsoft's cloud platform, Azure. Infosys will also serve as a strategic supplier to support cloud and AI workloads for Microsoft's enterprise customers. As part of the collaboration, Infosys will integrate Microsoft's generative AI suite into its Solution IP portfolio, bringing new capabilities to market aimed at enhancing cost efficiency, scalability, and agility for clients, according to a regulatory filing. "Our expanded collaboration with Infosys will transform industries, enhance business operations, elevate employee experiences, and deliver new value for customers. Together, we will harness the power of generative AI to deliver innovative solutions, drive AI adoption and enable unprecedented innovation for customers," Nicole Dezen, Chief Partner Officer at Microsoft, said. The collaboration aims to provide innovative solutions that enhance customer experiences and drive enterprise AI adoption. This includes integrating Microsoft's generative AI offerings with Infosys' existing solutions like Infosys Topaz, Cobalt, and Aster. The alliance will also work on sharing best practices for Responsible AI. Anand Swaminathan, EVP and Global Industry Leader-- Communications, Media and Technology, Infosys, said the collaboration addresses various business problems through a customer-centric approach, providing scalability, agility, and cost-efficiency across key sectors like finance, healthcare, supply chain, and telecommunications. The partnership dates back to when Infosys adopted GitHub Copilot, leading to significant improvements in code modernisation and completion. Currently, Infosys is recognized as a leading user of GitHub Copilot, with over 18,000 developers generating more than 7 million lines of code through this tool. Infosys shares have surged 26% this year so far and 35% over the past two years, with the company currently holding a market capitalization of Rs 8,13,820 crore. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Infosys Expands Collaboration with Microsoft to Accelerate Generative AI Adoption

The partnership emphasises responsible AI practices through Infosys's Responsible AI Office. Infosys has announced an expansion of its collaboration with Microsoft to help accelerate customer adoption of generative AI (GenAI) and Microsoft Azure worldwide. This strategic partnership is designed to assist joint customers in maximising the value of their technology investments and achieving transformative outcomes, the companies said in a joint announcement on Wednesday. Also Read: Infosys and Its Recent Advances in AI Partnerships According to the official release, the collaboration began with Infosys becoming an early adopter of GitHub Copilot, resulting in significant efficiencies in code modernisation and completion. "Infosys is a top GitHub Copilot 'customer zero,' with over 18,000 developers currently generating and using more than 7 million lines of code from Copilot," Infosys said. Coupled with the recently launched GitHub Center of Excellence (CoE), Infosys claims it is uniquely positioned to offer enterprise AI innovation to customers around the world. Under the new agreement, Infosys has been chosen as a strategic supplier to support cloud and AI workloads for Microsoft's enterprise customers. Infosys will infuse Microsoft's generative AI suite of offerings across its Solution IP portfolio to bring unique capabilities to market, helping clients achieve cost-efficiency, scalability, and agility. In conjunction with Microsoft's technology and Infosys's own AI and cloud suite offerings -- Topaz, Cobalt, and its AI-powered marketing suite Aster -- the collaboration will enhance customer experiences and drive the global adoption of enterprise AI, the official release said. Solutions from this partnership will be available on the Azure Marketplace, allowing customers to utilise their Microsoft Azure Consumption Commitment (MACC). Additionally, both companies are focusing on sharing best practices for responsible AI, with Infosys contributing to ethical AI guidelines through its Responsible AI (RAI) Office. Also Read: AI Can Be a Game-Changer for Europe's Economic Growth: Report Anand Swaminathan, EVP and Global Industry Leader - Communications, Media and Technology of Infosys, said, "This collaboration addresses various business problems by delivering heightened value to clients through a customer-centric approach, providing scalability, agility, and cost-efficiency across key sectors like Finance, Healthcare, Supply Chain, and Telecommunications. As Infosys and Microsoft embark on this transformative journey together, we are poised to redefine industry standards and empower organisations to thrive in the era of generative AI." Nicole Dezen, Chief Partner Officer at Microsoft, said, "Our expanded collaboration with Infosys will transform industries, enhance business operations, elevate employee experiences, and deliver new value for customers. Together, we will harness the power of generative AI to deliver innovative solutions, drive AI Adoption and enable unprecedented innovation for customers."

Infosys and Microsoft Expand Strategic Collaboration to Accelerate Customer Adoption of The Microsoft Cloud and Generative AI

In conjunction with Microsoft, Infosys Cobalt, Topaz, and Aster will aim to enhance customer experiences and drive global adoption of enterprise AI Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced an expansion of its collaboration with Microsoft to help accelerate customer adoption of generative AI and Microsoft Azure, globally. The strategic collaboration is aimed at helping Infosys' and Microsoft's joint customers realize the value of their technology investments and secure transformative outcomes. Infosys and Microsoft's generative AI collaboration commenced when Infosys became an early adopter of GitHub Copilot, which enabled them to realize significant efficiencies in code modernization and completion. Infosys is a top GitHub Copilot "customer zero" with currently over 18,000 developers who have generated and used more than 7 million lines of code from Copilot. Coupled with its recently launched, an industry-first, GitHub Center of Excellence (CoE), Infosys is uniquely positioned to offer enterprise AI innovation to customers around the world. In addition, Infosys was chosen as a strategic supplier to support Cloud and AI workloads for Microsoft's enterprise customers. Infosys will infuse Microsoft's generative AI suite of offerings across its Solution IP portfolio to bring unique capabilities to market, helping clients achieve cost-efficiency, scalability, and agility. In conjunction with Microsoft's technology and its own industry-leading AI and Cloud suite of offerings, Infosys Topaz and Infosys Cobalt, as well as its AI-powered marketing suite Infosys Aster, the collaboration will help enhance customer experiences and drive the global adoption of enterprise AI. The scope of this expanded collaboration will include: Financial Services - Infosys' domain expertise with Finacle, alongside Microsoft's advanced capabilities will enable financial institutions to engage, innovate, operate, and transform more efficiently.Healthcare - Infosys Helix, a next-gen healthcare payer platform built on Microsoft Azure, uses AI/ML automation to optimize patient outcomes, will provide access to care, and enhance constituent experiences, while streamlining processes and reducing costs.Supply Chain - This sector will see optimized processes and increased agility through the combined strengths of TradeEdge and Azure OpenAI service.Telecommunications - Microsoft's generative AI and Infosys Live Operations platforms will deliver enhanced connectivity and customer experiences.Infosys Energy Management Solution, coupled with Microsoft's commitment to sustainability, will accelerate the NetZero journey for customers.Customer service - Infosys Cortex, an AI-driven customer engagement platform, integrates Microsoft GenAI and Copilot to deliver specialized and individualized copilot assistance to every member of a customer service organization. Many of these solutions will be available on Azure Marketplace, allowing customers to utilize their Microsoft Azure Consumption Commitment (MACC), creating a mutually beneficial market proposition. As the collaboration grows, both companies are also focusing on sharing best practices for Responsible AI. Infosys is a key partner in The Microsoft Responsible AI Partner Initiative, contributing to the development of ethical AI guidelines through Infosys' Responsible AI (RAI) Office. Skilling efforts are also part of the collaboration, ensuring that the workforce is equipped with the necessary expertise to support these initiatives. Anand Swaminathan, EVP and Global Industry Leader - Communications, Media and Technology, Infosys, said, "This collaboration addresses various business problems by delivering heightened value to clients through a customer-centric approach, providing scalability, agility, and cost-efficiency across key sectors like Finance, Healthcare, Supply Chain, and Telecommunications. As Infosys and Microsoft embark on this transformative journey together, we are poised to redefine industry standards and empower organizations to thrive in the era of generative AI." Nicole Dezen, Chief Partner Officer at Microsoft, said, "Our expanded collaboration with Infosys will transform industries, enhance business operations, elevate employee experiences, and deliver new value for customers. Together, we will harness the power of generative AI to deliver innovative solutions, drive AI Adoption and enable unprecedented innovation for customers." 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.

Infosys and Microsoft Expand Strategic Collaboration to Accelerate Customer Adoption of The Microsoft Cloud and Generative AI

In conjunction with Microsoft, Infosys Cobalt, Topaz, and Aster will aim to enhance customer experiences and drive global adoption of enterprise AI BENGALURU, India, Oct. 9, 2024 /PRNewswire/ -- Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced an expansion of its collaboration with Microsoft to help accelerate customer adoption of generative AI and Microsoft Azure, globally. The strategic collaboration is aimed at helping Infosys' and Microsoft's joint customers realize the value of their technology investments and secure transformative outcomes. Infosys and Microsoft's generative AI collaboration commenced when Infosys became an early adopter of GitHub Copilot, which enabled them to realize significant efficiencies in code modernization and completion. Infosys is a top GitHub Copilot "customer zero" with currently over 18,000 developers who have generated and used more than 7 million lines of code from Copilot. Coupled with its recently launched, an industry-first, GitHub Center of Excellence (CoE), Infosys is uniquely positioned to offer enterprise AI innovation to customers around the world. In addition, Infosys was chosen as a strategic supplier to support Cloud and AI workloads for Microsoft's enterprise customers. Infosys will infuse Microsoft's generative AI suite of offerings across its Solution IP portfolio to bring unique capabilities to market, helping clients achieve cost-efficiency, scalability, and agility. In conjunction with Microsoft's technology and its own industry-leading AI and Cloud suite of offerings, Infosys Topaz and Infosys Cobalt, as well as its AI-powered marketing suite Infosys Aster, the collaboration will help enhance customer experiences and drive the global adoption of enterprise AI. The scope of this expanded collaboration will include: Many of these solutions will be available on Azure Marketplace, allowing customers to utilize their Microsoft Azure Consumption Commitment (MACC), creating a mutually beneficial market proposition. As the collaboration grows, both companies are also focusing on sharing best practices for Responsible AI. Infosys is a key partner in The Microsoft Responsible AI Partner Initiative, contributing to the development of ethical AI guidelines through Infosys' Responsible AI (RAI) Office. Skilling efforts are also part of the collaboration, ensuring that the workforce is equipped with the necessary expertise to support these initiatives. Anand Swaminathan, EVP and Global Industry Leader - Communications, Media and Technology, Infosys, said, "This collaboration addresses various business problems by delivering heightened value to clients through a customer-centric approach, providing scalability, agility, and cost-efficiency across key sectors like Finance, Healthcare, Supply Chain, and Telecommunications. As Infosys and Microsoft embark on this transformative journey together, we are poised to redefine industry standards and empower organizations to thrive in the era of generative AI." Nicole Dezen, Chief Partner Officer at Microsoft, said, "Our expanded collaboration with Infosys will transform industries, enhance business operations, elevate employee experiences, and deliver new value for customers. Together, we will harness the power of generative AI to deliver innovative solutions, drive AI Adoption and enable unprecedented innovation for customers." 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. 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 www.sec.gov. 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. View original content:https://www.prnewswire.com/news-releases/infosys-and-microsoft-expand-strategic-collaboration-to-accelerate-customer-adoption-of-the-microsoft-cloud-and-generative-ai-302271400.html

Infosys Expands Partnership With Microsoft, Generative AI Set To Transform Global Industries - Infosys (NYSE:INFY)

New GitHub Center of Excellence aims to drive AI innovation and enhance code modernization for global businesses. Infosys Limited INFY expanded its collaboration with Microsoft Corporation MSFT to accelerate the adoption of generative AI and Microsoft Azure worldwide. This strategic partnership aims to help joint customers of Infosys and Microsoft maximize the value of their technology investments and achieve transformative results. Infosys began its collaboration with Microsoft by adopting GitHub Copilot, enhancing code modernization and completion efficiencies. With its new GitHub Center of Excellence (CoE), Infosys is set to drive enterprise AI innovation for global customers. Infosys will serve as a strategic supplier to enhance Microsoft's Cloud and AI workloads for enterprise customers. The partnership integrates Microsoft's generative AI offerings into Infosys' solutions, driving cost-efficiency and scalability. Anand Swaminathan, EVP and Global Industry Leader - Communications, Media and Technology, Infosys, said, "This collaboration addresses various business problems by delivering heightened value to clients through a customer-centric approach, providing scalability, agility, and cost-efficiency across key sectors like Finance, Healthcare, Supply Chain, and Telecommunications." Nicole Dezen, Chief Partner Officer at Microsoft, said, "Our expanded collaboration with Infosys will transform industries, enhance business operations, elevate employee experiences, and deliver new value for customers. Together, we will harness the power of generative AI to deliver innovative solutions, drive AI Adoption and enable unprecedented innovation for customers." On Tuesday, Infosys extended its four-year partnership with Old National Bancorp for operational transformation and process digitization. Investors can gain exposure to the stock via VanEck ETF Trust VanEck Digital India ETF DGIN and First Trust NASDAQ Cybersecurity ETF CIBR. Price Action: INFY shares are up 0.26% at $23.38 premarket at the last check Wednesday. Image: Shutterstock/ IgorGolovniov Read Next: 'Big Short' Investor Michael Burry's China Bet Pays Off As Top Picks Surge Nearly 60% In 2 Months This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

Infosys, Microsoft expand AI-focused strategic collaboration (NYSE:INFY)

Infosys (NYSE:INFY) Wednesday reported an expansion of its collaboration with Microsoft (NASDAQ:MSFT) to help accelerate customer adoption of generative AI and Microsoft Azure, globally. In addition, Infosys was chosen as a strategic supplier to support Cloud and AI workloads for Microsoft's enterprise customers. INFY +0.47% premarket to $23.43. Source: Press Release More on Infosys, Microsoft, etc. Microsoft: Back To Basics Microsoft: Anticipating Strong Q1 As AI ROI Becomes Clearer Microsoft: It's A Marathon, Not A Sprint OpenAI embarks on global expansion OpenAI expands content partners as it solidifies deal with Hearst