What is Infosys | Best IT Company | Infosys

Hello Guys, Today We will discuss about Infosys Do you know what is Infosys So, Let’s talk about Infosys Established in 1981, Infosys is a NYSE listed global consulting and IT services company with over 345k employees. From a seed capital of US$250, we have grown to a US$ 17.53 billion (LTM FY23 revenue) company with a market capitalization of approximately US$ 71.41 billion.

In our journey of over 40 years, we have catalyzed some of the biggest changes that have led to India emerging as a global destination for software services talent. We pioneered the Global Delivery model and became the first IT Company in India to be listed on NASDAQ. Our Employee Stock Option Program created some of India’s first salaried millionaires.

What is Infosys?

Infosys Limited is an Indian multinational information technology company providing business consulting, information technology and outsourcing services. As we know that the company was founded in Pune and is headquartered in Bangalore. According to the Forbes Global 2000 rankings, Infosys is the second largest Indian IT company, behind Tata Consultancy Services, and the 602nd largest public company in the world by 2020 revenue figures.

On 24 August 2021, Infosys became the 4th Indian company to reach $100 billion in market capitalization.

History of Infosys

Infosys was established in Pune, Maharashtra, India by seven engineers. Its starting capital was 250 dollars. It was registered on 2 July 1981 as Infosys Consultants Private Limited. In 1983, it shifted to Bangalore, Karnataka.

The company changed its name to Infosys Technologies Private Limited in April 1992 and Infosys Technologies Limited on becoming a public limited company in June 1992. It was renamed as Infosys Limited in June 2011.

An initial public offering (IPO) was issued in February 1993 with an offer price of ₹95 (equivalent to ₹580 or US$7.30 in 2020) per share book value of ₹20 (equivalent to ₹120 or US$1.50 in 2020). Per share. The IPO was undersubscribed, but was “bailed out” by American investment bank Morgan Stanley, which took a 13% equity stake at the offer price. Its shares were listed in June 1993 with trading opening at ₹145 (equivalent to ₹890 or US$11 in 2020) per share.

What are the Products and Services of the Infosys?

Infosys provides various services like software development, maintenance, and independent verification. One of the company’s well-known products is Finacle. It is a global banking platform that includes multiple modules for corporate and retail banking.

The products and services the company deals in are as follows:

  1. Infosys Consulting: Global management consulting service.
  2. Infosys Information Platform: It is an analytics platform.
  3. NIA: It is Next Generation Integrated AI Platform. Earlier it was known as Mana.
  4. EDGES SYSTEMS
  5. Skava
  6. Digital marketing
  7. Engineering services
  8. Panaya Cloud Suites

Geographical presence

As of March 31, 2018, Infosys had 82 sales and marketing offices and 123 development centres worldwide, with major presence in India, the United States, China, Australia, Japan, the Middle East, and Europe.

In 2019, 60%, 24%, and 3% of its revenue came from projects in North America, Europe, and India, respectively. The remaining 13% of revenue was derived from the rest of the world.

In 2022, Infosys’ presence in Russia came under the scanner. Infosys issued a clarification, stating that it has no active relationships with Russian firms. Up until November 2022, the only people working there were administrative staff helping to transfer existing contracts to other contractors.

Listing and Shareholding Pattern

Infosys shares are traded on the BSE, where they are part of the BSE Sensex, and the NSE, where they are part of the Nifty 50.Its shares are listed on the New York Stock Exchange via American Depositary Receipts (ADRs).

Over time, the shareholding of its promoters has been gradually reduced since June 1993, when its shares were first listed. The promoters’ stake was further reduced when Infosys became the first Indian-registered company to list employee stock option plans and ADRs on the NASDAQ on March 11, 1999. As of July 29, 2021, promoter holding was 12.95%, foreign institutional investors (FIIs) held 33.39%, and domestic institutional investors (DIIs) held 21.98%.

Operations in Infosys

Employees

As of 2021, Infosys had 259,619 employees (commonly referred to as “Infoscions”), 38.6% of whom were women. Of its total employees, 229,658 are software professionals, and the remaining 13,796 work in support and sales. In 2016, 89% of its employees were based in India.

During fiscal year 2019, Infosys received 2,333,420 applications from potential employees, interviewed 180,225 candidates, and hired 94,324 people, a hiring rate of 4%.

Training Center in Mysore

As the world’s largest corporate university, the Infosys Global Education Center with 400 trainers and 200+ classrooms across a 337-acre campus has international benchmarks at its core. Established in 2002, it had trained approximately 125,000 engineering graduates as of June 2015. It can train up to 14,000 workers at a given point of time on various technologies.

The Infosys Leadership Institute (ILI) at Mysore has 196 rooms and trains around 4,000 trainees annually.

CEOs

Since its inception in 1981 and until 2014, Infosys CEOs were its promoters, including N.R. Narayana Murthy, who led the company in its initial 21 years. Dr. Vishal Sikka was the first non-promoter CEO of Infosys and served for about 3 years. Dr. Vishal Sikka resigned in August 2017. Following his resignation, UB Pravin Rao was appointed as the interim CEO and MD of Infosys. Infosys appointed Salil Parekh as the Chief Executive Officer (CEO) and Managing Director (MD) of the company with effect from January 2, 2018.

Conclusion

Conclusion Infosys is a fundamentally sound company. It has strong fundamentals, which can be seen in the balance sheet, income statement, cash flow statement, and above analysis. It has higher profitability than its competitors. It has a market capitalization of $74 million, which is better than most of its competitors in the industry. It has strong cash flow even during the pandemic, which has affected most organizations around the world. Revenue is growing at a slower rate than in previous years, but it is an important sign of the company’s stability amid this pandemic. In the past, especially since 2020, the company has started taking on more risk by taking on debt and managing it better.

FAQs

1. What is Infosys?

Infosys Company is a global leader in next-generation digital services and consulting. We enable customers in more than 50 countries to handling their digital transformation.

2. What is the full form of Infosys?

Infosys Ltd. is an Indian multinational information technology company. The word Infosys is a combination of two words, “information system.” The company is engaged in providing information technology, business consulting, and outsourcing services.

3. What motivates you to join Infosys?

You may answer this question like this: “Infosys is a good company to start one’s career at and is also known as a great place to work.”

4. What is Infosys’ mission and vision?

To be recognised as the leading global procurement and supply chain consulting and outsourcing firm. The mission of Infosys Portland is to improve the efficiency and effectiveness of its customers’ procurement and supply chain activities.

5. What is Infosys’ strategy?

Developed in close collaboration with Infosys, Adia is a great example of our strategy to co-create innovative solutions to realise our vision for the future of work. Co-creating with key partners is the key to success—not them or us, but them and us.

6. What’s the best part about Infosys?

Training and development (17%): Many employees say that Infosys provides the necessary tools for career growth and the development of competencies. This training helps with professional skills and career development.

7. How does Infosys motivate its employees?

It continuously works towards motivating the employees by providing them with an environment where they feel comfortable and safe. Training and development (17%): Many employees say Infosys provides the tools they need for career growth and the development of competencies.

8. Why is Infosys better than other companies?

Infosys is one of the leading Indian IT services companies, offering both traditional and digital IT and consulting services. The company’s digital services-related capabilities in cloud computing, the Internet of Things (IoT), big data and analytics, and artificial intelligence (AI) have been ranked best in the industry.

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