Work of strategic partnerships with industrial groups
India has grown to become a key contributor to the Rolls-Royce global engineering ecosystem, delivering high levels of technical capability to support a broad range of complex business demands, Kishore Jayaraman, President, Rolls-Royce India & South Asia, said in a recent testimonial on the world’s lead industrial group’s partnership with the Indian market and one of the country’s top solution providers Infosys.
“Our vision is to continue this high capability engineering work in India, in partnership with Infosys,” said Jayaraman as Infosys celebrated its international partnerships in a nine-month financial report on 14 Jan 2021.
“Infosys has been a valued partner to Rolls-Royce for many years, and we now look forward to building on this strategic partnership to secure the full range of our engineering capabilities here, while ensuring future growth potential for our engineering talent. We are committed to India and remain positive about the long-term prospects in this market,” he said.
Infosys partnered with Rolls-Royce, one of the world’s leading aerospace and defence technology companies, for sourcing engineering and R&D Services for Rolls-Royce’s Civil Aerospace business.
Infosys also highlighted recent strategic partnerships that have made it an international industrial player from India.
“Infosys wants to grow with us in the automotive industry, which gives career opportunities for our employees. With this partnership, Daimler also strengthens its overall technology investment and partnership strategy,” added Jan Brecht, Chief Information Officer, Daimler and Mercedes-Benz.
“With Infosys we found a partner to scale, to innovate and to speed up. Moreover, this is a strategic partnership for Daimler’s IT capabilities and Infosys’ automotive expertise,” Brecht said of his group’s strategic partnership with Infosys.
Infosys was selected by El Paso Water, a municipal utility in El Paso, Texas, to transform its legacy customer information systems (CIS) with Oracle Utilities Customer to Meter (C2M). Added Marcela Navarrete, Vice President at EPWater, “This is an ambitious undertaking with multiple system upgrades simultaneously, but it’s a necessary project to help us make a leap forward to improve both efficiency and customer satisfaction.”
“Our partnership with Infosys Finacle will enable us to seamlessly adapt to the dynamic and complex lending landscape, while serving our customers’ financial needs in a secure manner. We are confident that Finacle’s solutions delivered on the cloud will accelerate our transformation into a digital-first lender and help deliver a range of multi-accessible, flexible and innovative financial solutions,” commented Scott McWilliam, Chief Executive Officer, Resimac.
Resimac, a leading non-bank lender in Australia and New Zealand, selected Infosys Finacle’s Digital Banking SaaS to achieve end-to-end digital modernization for providing enhanced customer experience across all its brands in Australia and New Zealand.
Infosys has helped enhanced the go-to-market (GTM) strategy for electronically patient-reported outcomes (ePRO) platform, Consilium Care™ Mobile Health AG, a Switzerland-based Health Tech startup.
Frank Gulitz, CIO, Mobile Health AG, said, “After a rigorous selection process we selected Infosys as strategic partner for our Cloud Provider Due Diligence, the global setup of Microsoft Azure, as well as partner for the Infrastructure Operation and Platform Application Managed Service. Infosys was leading against competitors by their well-established Cloud Management Services combined with strong Security Consulting Offerings and Health Industry Insight. We are looking forward to commonly develop new markets for Consilium Care™, our award winning CE-marked platform.”
“We embarked on our finance transformation journey in 2018 with an aspiration to save and automate one million hours of manual work. We have now achieved this goal with the help of Infosys BPM in enabling digital transformation,” commended Abhijit Bhattacharya, Chief Financial Officer, Member of the Executive Committee, Royal Philips, a global leader in health technology.
“This is among the largest and most complex automation programs undertaken, and the collaborative efforts between the Philips and Infosys BPM teams was key for the success of the program.
“Infosys BPM defined and implemented the automation program, with formal design principles to standardize and automate the selected use cases. The AssistEdge RPA platform (EdgeVerve) from Infosys was leveraged to enable digital workers deployed globally with bots concurrently managing finance processes, including complex record-to-report month-end reconciliations,” Bhattacharya underlined.
Hailing from Bengaluru, Infosys (NSE: EQINFY) (BSE: 500209) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered its highest Q3 sequential growth of 5.3% in 8 years in constant currency. On a year on year basis, revenues grew by 6.6%, digital revenues grew by 31.3% and overall digital revenue crossed more than half of total revenues.
Large deal TCV was at all time high of US$7.13 billion with 73% being net new. Strong and steady operating margin at 25.4%. Revenue and margin guidance band increased to 4.5%-5.0% and 24.0%-24.5% respectively on the back of continued strong performance.
“The Infosys team has delivered another quarter of excellent results. Execution of client relevant strategy focused on digital transformation continues to drive superior growth, well ahead of the industry. The scale of new client partnerships with leading global companies such as Vanguard, Daimler and Rolls-Royce demonstrate the depth of digital and cloud capabilities of Infosys. The commitment and skills of our employees to support and drive the digital journey of clients are matters of great pride for me”, said Salil Parekh, CEO and MD.
“With the intense focus on client needs and the comprehensive foundation built on differentiated capabilities, I remain confident about the future.”
In Q3, Infosys further enhanced its digital investments in Infosys Cobalt – the cloud services, platforms and solutions portfolio launched last quarter. The company expanded the Infosys Cobalt portfolio by unveiling Infosys Modernization Suite to help enterprises modernize their legacy systems and Infosys Live Enterprise Application Management Platform to deliver cloud-powered, managed services for IT operations. Infosys Applied AI converges the power of AI, analytics and cloud to deliver new business solutions and perceptive experiences.
Infosys also reached a significant milestone in its ESG journey by becoming carbon neutral in 2020, thirty years ahead of 2050, the timeline set by the Paris Agreement. Infosys reiterated its commitment to Environment, Social and Governance causes by announcing its ESG 2030 vision and ambitions.
For nine months ended December 31, 2020:
Revenues were US$9,948 million, growth of 3.8% YoY
Operating profit was US$2,441 million, growth of 19.1% YoY
Basic EPS was $0.45, growth of 10.6% YoY
“The resilience of Infosys has been severely tested over the past several quarters and I am delighted with our response marked by strong revenue performance, large deal wins, healthy operating metrics and continued low attrition,” said Pravin Rao, COO.
“This outstanding performance has been made possible by reimagining Infosys, over the last three years, as a live enterprise with fully transformed digital infrastructure – Infosys Lex for learning, InfyMe for employee engagement, Infosys Meridian for collaboration, and Infosys DevSecOps platform to empower application teams to rapidly build and deploy new features.
“These highly differentiated systems and processes, redesigned for a digital-first world, are built on a strong foundation of robust connectivity to customer networks and fully secured personal devices. Not only does this give us an advantage in these times of distributed working but also a distinct long-term lead into the future,” elaborated Rao.
“Navigating your next strategy coupled with razor sharp focus on our operating model and efficiencies continues to deliver superior shareholder value creation,” said Nilanjan Roy, CFO.
“I am also delighted with the announcement of Infosys ESG vision 2030 simultaneously with our climate neutrality achievement, a journey we had embarked on ten years ago. As a responsible corporate citizen, Infosys is committed to its vision of shaping and sharing solutions that serve the development of businesses and communities,” said Roy. #technology #solutions #exports #banking #investments /fiinews.com
