Infosys (INFINAIR —— Free Report) recently announced a strategic cooperation with a leading digital workflow company, Serve immediately (now —— Free report) to provide enterprise-level service management for the manufacturing industry.
The company said in a statement that Infosys intends to rely on its industry cloud blueprint (part of Infosys Cobalt) and deploy ServiceNow Operational Technology Management (OTM), which will help manufacturing companies digitize their factories, workshops and factory operations. statement.
Infosys aims to improve the resilience and availability of key OT systems throughout the manufacturing sector through this collaboration. The company also intends to expand this strategic partnership to meet the OTM, factory and operational digital needs of customers in the energy, retail and CPC sectors.
The latest collaboration may expand Infosys’ Cobalt product portfolio and help companies accelerate their cloud journey. Under this set of services, Infosys has provided approximately 14,000 cloud assets and more than 200 cloud solution blueprints.
Strong demand for Infosys digital services and its cloud, Internet of Things (IoT), security and data analysis solutions is a key growth driver. The company has benefited from higher customer investment in digital transformation across workplaces. In the remote work environment caused by the pandemic, this situation has accelerated.
It is worth noting that the company’s digital revenue accounted for 53.9% of total revenue in the first quarter of fiscal year 2022, a year-on-year increase of 46.9% (42.1% in cc) to US$2.04 billion.
In addition, Infosys and Adobe (ADBE —— Free report), Google, Microsoft (Microsoft Financial Services —— Free reports), Amazon Web Services, and salesforce.com have strengthened their digital, cloud, traditional modernization and automation businesses, enhancing the company’s long-term prospects.
However, despite the growing appeal of its digital services, Infosys has been working hard to adapt to the changing political climate in the United States. It is concerned that the increase in anti-outsourcing sentiment in countries such as the United States and the United Kingdom may lead to the promulgation of restrictive legislation. In turn, this may restrict companies in these countries from outsourcing work and limit the ability to staff client projects in a timely manner.
Infosys currently ranks 4th (sold) in Zacks.
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