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GUANGZHOU, China, April 18, 2024 /PRNewswire/ -- At Phase 1 of the 135th China Import and Export Fair ("Canton Fair" or "the Fair"), enthusiasm among global buyers continues to soar as they explore cutting-edge construction machinery displayed by about 200 exhibitors in this section. This event marks a significant leap in engineering and construction innovation worldwide, with Chinese construction equipment's "soft" technology and "hard" manufacturing seeing rapid development and innovation. In the spotlight at the Fair, Hangcha Group Co., Ltd. stands out with its introduction of a new generation of technological innovation products designed for warehouse logistics applications - the X Series Pallet Truck/Pallet Stacker with Lithium Power. This product features advanced permanent magnet synchronous drive system, offering superior performance, comfort in operation, safety, reliability, and low maintenance costs, making it an ideal solution for supermarkets, workshops, and home storage handling. China National United Equipment Group Int'l Eng. Corp., a leading enterprise in China's machinery field committed to excellence in R&D as well as production, is presenting comprehensive solutions covering electric wire and cable machinery, building material machinery, and chemical machinery among others. Their latest product showcased at the Fair is YLGD2004 Can Filling & Sealing Machine - an automatic integrated device employing the electronic valve with flow meter filling technology, unmanned operation capability, and modular design, simplifying production processes for users. Fujian Qunfeng Machinery Co., LTD., represents continuous innovation in China's manufacturing industry with its ever-evolving and integrated technology, as well as state-of-the-art production machinery like CNC processing centers and fully-automated heat treatment equipment. It brings light to its Fully Automatic Terrazzo Tile Machine, developed and optimized from Italian technology, featuring high efficiency stable structure, fully automated operational process, capable of producing various brick types and patterns, meeting diverse user demands ensuring reliable production experiences. The 135th Canton Fair continues to unveil numerous high-quality and forefront products awaiting discovery by global buyers, further cementing its role as a pivotal platform for international trade and industrial advancement. Please register at https://invitation.cantonfair.org.cn/BuyerUser/RegisterUser?MediaType=16 for potential sourcing opportunities.
TAIPEI, April 18, 2024 /PRNewswire/ -- Advantech proudly announced its strategic collaboration with Qualcomm Technologies, Inc. at Embedded World to revolutionize the edge computing landscape. This effort, combining AI expertise, high-performance computing, and industry-leading connectivity, is set to propel innovation for industrial computing. This collaboration establishes an open and diverse edge AI ecosystem, paving the way for best-in-class solutions tailored to AIoT applications. Advantech announced its strategic collaboration with Qualcomm Technologies, Inc. to revolutionize the edge computing landscape. Miller Chang, President of EIoT at Advantech, elaborates: "In the vast and fragmented IoT landscape, deploying AI applications efficiently is a challenge. Advantech and Qualcomm Technologies are working together to meet market demands and surpass perceived limits. Advantech, in collaboration with Qualcomm Technologies, will look to provide Edge AI Platforms to navigate the industry's fragmentation, ensuring interoperability. Together, we aspire to redefine AI possibilities at the edge, shaping the future of edge intelligence." "Advantech and Qualcomm Technologies' collaboration marks a significant milestone in the evolution of edge computing. By combining Advantech's expertise in industrial computing with our cutting-edge technology, we are poised to reshape the future of embedded systems. This collaboration will unlock new possibilities for AIoT applications, enabling seamless integration of AI-powered solutions at the edge. We are excited to be part of this journey and look forward to the transformative impact it will have on various industries." - Jeff Torrance, Senior Vice President and General Manager, Industrial and Embedded IoT, Qualcomm Technologies, Inc. Qualcomm Technologies is leading the industry transformation at the edge. Utilizing its Product Longevity Program for certain SoCs, advancing AI technology and industry-leading connectivity systems, Qualcomm Technologies envisions benefits across industrial automation, transportation, medical, and rapidly evolving sectors like robotics and energy. The collaboration between Qualcomm and Advantech reinforces the technical expertise and dedication to innovation of both companies. Advantech's goal is to develop an advanced lineup of Edge AI Platforms and a dedicated Edge AI SDK for edge AI applications. These standardized and diverse platforms will drive the tasks of the future that will rely increasingly on intelligent and performance-intensive technology. Through this collaboration, Advantech is poised to integrate Qualcomm Technologies' leading solutions across its entire platform spectrum, including AI-on-Modules, AI Function Boards, and AI Edge Systems. Both companies will help develop go-to-market strategies to accelerate the digital Transformation of the embedded industry. This collaboration aims to drive continuous innovation and expansion in Edge AI devices for IoT. Advantech Media Contact Embedded IoT GroupJean ChangTel: +886-2-7732-3399, Ext. 9223Jean.Chang@advantech.com.tw
BEIJING, April 18, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced a lightweight blockchain-based architecture to overcome the limitations of traditional network architectures and provide a more secure, efficient and trusted connectivity solution for the 5G Internet of Things (IoT). Conventional 5G networks use security measures such as encryption during data transmission, but there are still certain risks associated with data storage and authentication. Data may be tampered with or stolen during transmission or storage, a risk that becomes particularly acute in massively deployed IoT scenarios. Therefore, there is an urgent need for a more secure and reliable network architecture to secure IoT devices and data. In addition, more and more applications are placing higher demands on real-time performance and reliability. Traditional network architectures may not be able to meet these demands, especially in the case of large-scale device connectivity and data exchange, where network latency and failure rates may increase significantly, affecting application performance and user experience. Blockchain technology, as an emerging distributed ledger technology, has unique advantages in terms of data security and trusted transmission. Its decentralized, tamper-proof, and transparent nature makes it ideal for addressing data security and trustworthiness issues. Therefore, combining blockchain technology with 5G IoT can provide new solutions to address the challenges faced by current network architectures. WiMi's new technology integrates 5G technology with lightweight blockchain consensus algorithms to provide an efficient, secure, and reliable way to connect IoT devices. The technology incorporates network architecture, blockchain structure and transaction types to provide a new connectivity solution to support 5G IoT. In this architecture, IoT devices are connected to the blockchain network via a 5G network, creating a distributed and secure communication environment. Local transactions occur between devices within the same cellular, do not need to cross network boundaries, and are characterized by low latency and high reliability. Public transactions, on the other hand, involve data exchanges between different cellulars and need to be verified and stored by the public blockchain to ensure data security and consistency. The technology can meet the needs of different scenarios and provide more secure, efficient and reliable connectivity services for IoT applications. The technology enables efficient, secure and reliable connectivity by combining 5G technology with lightweight blockchain consensus algorithms with its technical advantages: Increased security: Through improved hashing and encryption protocols, the architecture outperforms traditional 5G networks in preventing data manipulation and fraud. Blockchain technology's immutability and distributed storage ensure data security. Real-time data transmission: Combining the high-speed transmission of 5G technology and the real-time verification mechanism of blockchain, the architecture ensures the ability to transmit real-time data and meets the demand for immediacy in various application scenarios. Low-latency connectivity: Optimized for data transmission and consensus processing algorithms, the architecture achieves low-latency connectivity, providing faster response and more efficient interactions for communication between IoT devices. High availability and reliability: With distributed storage and consensus mechanisms, the architecture ensures high reliability of the system, even in the case of partial node failure or network congestion. In the digital era, the rapid development of 5G IoT places higher demands on connectivity, security and reliability. By combining 5G technology with lightweight blockchain consensus algorithms, WiMi provides a more secure, efficient, and trustworthy way for IoT devices to connect. WiMi's technical architecture combines network architecture, blockchain structure, and transaction types designed to meet the needs of various application scenarios. An analysis of performance evaluation and technical benefits demonstrates the significant advantages of the architecture in terms of real-time data transfer, security and latency optimization. About WIMI Hologram Cloud WIMI Hologram Cloud, Inc. (NASDAQ:WIMI) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies. Safe Harbor Statements This press release contains "forward-looking statements" within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company's strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission ("SEC") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company's expectations regarding demand for and market acceptance of its products and services. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.
SINGAPORE, April 18, 2024 /PRNewswire/ -- Tier-one digital asset exchange Bitrue today announced extended support for the XDC ecosystem, organizing a trading contest with $25,000 in prizes for 16 newly added XDC trading pairs. The contest, which starts on April 18th, 2024 at 10:00 UTC, will rank traders according to their total trading volume over the event period. The trader who trades the most on a particular pair will take home a prize of up to $500 paid out in XDC, with lower-ranking traders also being eligible for prizes. The prize pool will increase based on the number of active participants trading during the contest, with $25,000 being the expected total prize pool. The contest will run until Thursday, April 25th 2024, 10:00 UTC. The contest comes hot on the heels of XDC base pairs being added to Bitrue at the beginning of April, with a wide array of coins now able to be traded directly with XDC, the 16 supported trading pairs include AVAX/XDC, BTC/XDC, CIFI/XDC, DOGE/XDC, ETH/XDC, FXD/XDC, GBEX/XDC, MATIC/XDC, NEAR/XDC, PLI/XDC, PRNT/XDC, SOL/XDC, SRX/XDC, XDC/USDC, XDC/USDT, XDC/XRP, and XSP/XDC. "XDC Network is already a prominent player in the crypto market, but Bitrue expects it to become even stronger during the year ahead and is thrilled to offer Bitrue users more ways to add this coin to their portfolios," said Robert Quartly-Janeiro, Chief Strategy Officer of Bitrue. "We hope everyone will take this trading contest as an opportunity to learn more about this coin while also having some fun." Bitrue will soon announce additional developments concerning XDC. Traders can currently access XDC on the exchange through 16 pairs.
Acquisition demonstrates Infosys' commitment to the automotive ecosystem and strengthens its footprint across Europe BENGALURU, India and MUNICH, April 18, 2024 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY) a global leader in next-generation digital services and consulting, today announced a definitive agreement to acquire in-tech, a leading Engineering R&D services provider focused on German automotive industry. This strategic investment further strengthens Infosys' Engineering R&D capabilities and reaffirms its continued commitment to global clients to navigate their digital engineering journey. Headquartered in Germany, in-tech, is one of the fastest growing Engineering R&D services providers that shapes digitization in the automotive, rail transport and smart industry sectors. in-tech develops solutions in e-mobility, connected and autonomous driving, electric vehicles (EV's), off-road vehicles and railroad. in-tech offerings include system design, methodical consulting, advanced electronics platform development and validation of automotive specific software and hardware systems, infotainment, and experience validation. in-tech brings to Infosys, marquee German original equipment manufacturers (OEMs) deep client relationships, and an extensive industry expertise with a multidisciplinary team of 2200 people across locations in Germany, Austria, China, UK, and nearshore locations in Czech Republic, Romania, Spain, and India. Dinesh Rao, EVP & Co-Delivery Head, Infosys, said, "Infosys continues to strengthen its Engineering R&D leadership with decades of experience in digital engineering. Together with in-tech, Infosys Topaz, an AI-first set of services, solutions and platforms,and recently acquired InSemi' semiconductor's expertise, we have successfully created deeper capabilities for the next phase of automotive innovation in the arena of software defined vehicles. We are excited to welcome in-tech and its leadership team into the Infosys family." Jasmeet Singh, EVP and Global Head of Manufacturing, Infosys, said, "The automotive industry today is going through a pivotal change, with connected, autonomous, and electric vehicles, and most importantly software-defined vehicles. Electronics and software will drive value for next generation vehicles. Infosys' leadership with comprehensive offerings serving global auto OEMs, tier-one, and e-mobility start-ups, coupled with in-tech' engineering prowess presents a differentiated value to our clients bringing high quality innovative products to market faster." Tobias Wagner, in-tech CEO, said, "Over the past 22 years, we have created an impressive company history, characterized by organic growth, strategic acquisitions and high profitability. This strategic partnership with Infosys represents a decisive turning point for us: It opens up unprecedented growth opportunities, and also adds tremendous value to our offering for our clients. Together we now cover the entire end-to-end process, a step that is crucial to fully meet our customers' needs. With access to more talent and expertise, we gain incredible strength and scale in our delivery capability, enabling us to successfully implement even more ambitious projects." in-tech Founder and Board Member, Christian Wagner, added, "When choosing Infosys, it was important to us that not only the business goals but also the corporate cultures harmonize. I am thrilled that Infosys and in-tech are not only on the same wavelength in terms of innovation and technology, but that we also share the same values - be it our passion for sustainability or our desire to create a work environment where everyone feels valued. This cultural fit amplifies my belief that we will achieve extraordinary success together." The acquisition is expected to close during the first half of fiscal 2025, subject to customary closing conditions and regulatory approvals. About in-tech in-tech shapes digitalization in the automotive industry, rail transport and industry. The company develops solutions for the automotive, eMobility, transport systems and smart industry sectors. The developers and engineers at in-tech work, for example, on topics such as autonomous driving, electromobility, digital rail or smart industrial production. The company was founded in 2002 and has been consistently growing ever since. in-tech currently employs around 2200 people at locations in Germany, Austria, China, the UK, the Czech Republic, Spain, Romania and India. The company shines as an excellent employer with an outstanding corporate culture: the company has already received several awards for its good working atmosphere, internal team spirit and excellent work-life balance. For more information please visit www.in-tech.com 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. Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next. Safe Harbor 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, our ability to attract and retain personnel, our transition to hybrid work model, economic uncertainties, technological 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, 2023. 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.
FY25 guidance - revenue growth of 1%-3% and operating margin of 20%-22% BENGALURU, India, April 18, 2024 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $18.6 billion in FY24 revenues with a growth of 1.4% in constant currency and operating margin of 20.7%. Free Cash Flow was strong at $2,882 million, an increase of 13.7% over FY 23. Large deal TCV for FY24 was highest ever at $17.7 billion, with 52% being net new. Q4 revenues were at $4,564 million, flat year on year and decrease of 2.2% sequentially in constant currency. Large deal TCV for the quarter was $4.5 billion, with 44% being net new. Operating margin for the quarter was 20.1%, a sequential decrease of 40 bps. Free Cash Flow was robust at $848 million. "We delivered the highest ever large deal value in the financial year 2024. This reflects the strong trust clients have in us. Our capabilities in Generative AI continue to expand. We are working on client programs leveraging large language models with impact across software engineering, process optimization, and customer support, said Salil Parekh, CEO and MD. "I would like to thank our 317,000 employees across the world that are working to create value for our clients." he added. 1.4% FY 20.7% FY 20.1% Q4 Operating Margin 10.0% FY 30.2% Q4 YoY EPS Increase (₹ terms) $17.7 Bn FY $4.5 Bn Q4 Large Deal TCV $2.9 Bn FY Flat Q4 $848 Mn Q4 YoY CC Growth Free Cash Flow Guidance for FY25: Revenue growth of 1%-3% in constant currency Operating margin of 20%-22% 1. Key highlights: For the quarter ended March 31, 2024 For year ended March 31, 2024 - Revenues in CC terms remained flat YoY and declined by 2.2% QoQ - Revenues in CC terms grew by 1.4% YoY - Reported revenues at $4,564 million, growth of 0.2% YoY - Reported revenues at $18,562 million, growth of 1.9% YoY - Operating margin at 20.1%, decline of 0.9% YoY and 0.4% QoQ - Operating margin at 20.7%, decline of 0.3% YoY - Basic EPS at $0.23, increase of 28.9% YoY - Basic EPS at $0.77, increase of 7.3% YoY - FCF at $848 million, growth of 18.9% YoY ; FCF conversion at 88.4% of net profit - FCF at $2,882 million, growth of 13.7% YoY; FCF conversion at 91.0% of net profit "Free cash flow of $848 million in Q4 was highest in the last 11 quarters driven by our relentless focus to improve working capital cycle. Consistent with the objective of giving high and predictable returns to shareholders, the Board has approved the capital allocation policy under which the company expects to return 85% over the next 5 years and progressively increase annual Dividend Per Share", said Jayesh Sanghrajka, CFO. "Operating margin expansion in the medium-term and improving cash generation continue to remain our priorities underpinned by early success in Project Maximus", he added. 2. Capital Allocation For the Financial Year 2024, the Board recommended a final dividend of `20 per share (0.24 per ADS) and additionally a special dividend of `8 per share (0.10 per ADS*). With this, the total payout over FY20 – FY 24 will be 85% of Free Cash Flow, in line with our capital allocation policy announced earlier. The Board in its meeting held on April 18, 2024 has reviewed and approved the capital allocation policy for the next 5 years from FY25 – FY29 after taking into consideration the strategic and operational cash requirements as below. "Effective from financial year 2025, the Company expects to continue its policy of returning approximately 85% of the free cash flow cumulatively over a 5-year period through a combination of semi-annual dividends and/or share buyback/ special dividends subject to applicable laws and requisite approvals, if any." Under this policy, the Company expects to progressively increase its annual Dividend Per Share (excluding special dividend if any). Free cash flow is defined as net cash provided by operating activities less capital expenditure as per the consolidated statement of cash flows prepared under IFRS. Dividend and buyback include applicable taxes. *USD/INR rate of `83.41 3. Update on India Income Tax Orders During the quarter ending March 31, 2024, the Company received orders under sections 250 and 254 of the Income Tax Act, 1961, from the Income Tax Authorities in India for the assessment years, 2007-08 to 2015-16, 2017-18 and 2018-19. These orders confirmed the Company's position with respect to tax treatment of certain contentious matters. As a result, interest income (pre-tax) of $232 million was recognized and provision for income tax aggregating $63 million was reversed with a corresponding credit to the Statement of Profit and Loss. Also, upon resolution of the disputes, an amount aggregating to $196 million has been reduced from contingent liabilities. 4. Update on Financial Services Client During Q4, we had rescoping and renegotiation of one of the large contracts in the financial services segment leading to a one-time impact of approximately 100bps in Q4. Nearly 85% of the scope of the contract continues as-is. 5. Client wins & testimonials Infosys announced a strategic collaboration with Musgrave to help automate their IT operations by leveraging its industry leading AI and Cloud offerings, Infosys Topaz and Infosys Cobalt. Stephen Mckenna, Chief Technology Officer, Musgrave, said, "I am delighted by our recently announced collaboration with Infosys, which will enable us to leverage Infosys' expertise and resources to deliver innovative solutions to all our customers and retail partners. Musgrave has always been committed to providing our customers with the best possible service, and this collaboration is a testament to that commitment. We are confident that this collaboration will result in new and exciting products and services that will benefit all our customers." Infosys collaborated with PROG Holdings, Inc. to bring AI-powered experiences to their customers and intelligent automation to their operations, as an integral part of PROG Holdings' ongoing cloud and AI-focused technology modernization and innovation efforts. Steve Michaels, President and CEO of PROG Holdings, said, "We look forward to working with Infosys to develop and enhance key systems that positively impact the speed to market, agility, and scalability of key PROG Holdings technologies and platforms. We expect our collaboration with Infosys will reduce friction for both our customers and retail partners, further solidifying PROG Holdings' position atop the virtual lease-to-own industry we helped create twenty-five years ago." Infosys collaborated with Pacific International Lines (PIL) to accelerate their digital transformation initiative by helping revamp PIL's existing customer portal and deploying a scalable and modern technology platform, aimed at creating a positive impact for PIL's key stakeholders across the shipping and logistics ecosystem. Lionel Patrice Chatelet, Chief Commercial Officer, Pacific International Lines (PIL), said, "We are looking for a partner who can not only bring technology but also play an advisory role in the journey of transformation. Infosys brings together a strong combination of right capabilities as well as highly collaborative ways of working. We are delighted to collaborate with Infosys." Resolution Life Australasia collaborated with Infosys to virtualize its mainframe systems by enabling a seamless migration to the cloud, enhancing the overall customer experience. Peter Histon, CIO of Resolution Life Australasia, said, "Infosys brought a number of proprietary accelerators to the table as part of the virtualization which helped us to deliver the solution rapidly. But beyond that, Infosys brought in a number of different people capabilities. We took a progressive approach around migration of the underlying applications. There were two very big releases. Infosys worked with us every step of the way." zooplus and Infosys have entered into a strategic eight- year collaboration to set up an AI-led product and technology hub in Hyderabad, India. Markus Hermanutz, Chief Information Officer, zooplus SE, said, "We are excited to have selected Infosys to set up a new AI-led hub through which we will drive our business growth ambition. With Infosys Topaz, we will achieve productivity and efficiency at scale, and attract the right talent for upcoming transformations across our e-commerce value chain." Infosys is expanding its successful collaboration with Hasbro, building on their initial achievements in the SAP S4 implementation. Together, they are advancing their relationship and strategy globally through a multi-year strategic engagement. Leveraging Infosys's expertise in AI and a proven experience led cognitive approach, Infosys is poised to support Hasbro's global business. This collaboration aims to drive operational excellence, foster innovation, and deliver superior experiences at scale for both customers and employees worldwide. Steve Zoltick, CIO & Head, Global Business Enablement, Hasbro, said, "Infosys is bringing the right talent to our collaboration allowing us to enhance our capabilities and achieve our Global Business Enablement goals". Infosys Finacle successfully implemented the Finacle Digital Lending Solution Suite in a Software-as-a-Service (SaaS) mode for Regional Investment Corporation (RIC) which included the adoption of the Finacle Online Banking and Finacle Alerts Solution. Chris Rawlins, Executive Director Transformation, Regional Investment Corporation (RIC), said, "At RIC, our mission is to nurture the growth of the Australian farm businesses through affordable loans, while also ensuring their resilience and profitability. With the Infosys Finacle Lending solution, we have a proven technology platform to support the evolving demands of our business and customers, with the agility to roll out new products and regulations as mandated by the Federal Government. The nine-month implementation by the Infosys Finacle team was delivered on schedule and we are impressed by the team's commitment to facilitate RIC in achieving a smooth transition without any disruptions to our customers." Infosys and Handlesblatt Media Group announced a strategic collaboration to support the Handelsblatt Research Institute (HRI) in making complex reports on global economic and financial topics more accessible and easily consumable for the public, by leveraging Infosys Topaz, an AI-first set of services, solutions and platforms using generative AI technologies. Dr. Jan Kleibrink, Managing Director, Handelsblatt Research Institute, said, "We are excited to collaborate with Infosys to offer cutting-edge, AI-enabled trend reports. One of the core tasks of the Handelsblatt Research Institute is to present complex economic relationships and the results of scientific analysis to a broad readership. We achieve this with texts of the highest journalistic quality and visual storytelling based on high-quality infographics. With Infosys as our AI and digital innovation partner, we now move to the next level of digital storytelling that is powered by AI." 6. Recognitions & Awards AI and Cloud Services Awarded ISO 42001:2023 certification for implementing an Artificial Intelligence Management System framework Positioned as a leader in IDC MarketScape Worldwide Higher Education Cloud Professional Services Vendor Assessment Positioned as a leader in HFS Horizons: Assuring the Generative Enterprise™, 2024 Rated as a leader in ISG's Multi Public Cloud Services Provider Lens™ study Rated as a leader in ISG's Intelligent Automation - Solutions and Services Provider Lens™ study in US and Europe Key Digital Services Rated as a leader in The Forrester Wave™: Application Modernization And Migration Services, Q1 2024 Positioned as a leader in the Unified Communication & Collaboration (UCC) Specialist Services PEAK Matrix® Assessment 2024 by Everest and ranked #1 in the UCC rating by Everest Rated as a leader in Pega Services PEAK Matrix® Assessment 2024 by Everest Positioned as a leader in Application Transformation Services PEAK Matrix® Assessment 2024 – North America by Everest Positioned as a leader in Application Transformation Services PEAK Matrix® Assessment 2024 – Europe by Everest Positioned as a leader in Software Product Engineering Services PEAK Matrix® Assessment 2024 by Everest Rated as a leader in Talent Readiness for Next-generation IT Services PEAK Matrix® Assessment 2023 by Everest Positioned as a leader in IDC MarketScape: Worldwide Blockchain Services 2024 Vendor Assessment Rated as a leader in Cyber Resiliency NEAT 2024 by NelsonHall Rated as a leader in Salesforce Services 2024 NEAT 2024 by NelsonHall Rated as a leader in ShortList 2024: Custom Software Development Services by Constellation Research Rated as a leader in ShortList 2024: Innovation Services and Engineering by Constellation Research Rated as leader in ShortList 2024: Learning Marketplaces by Constellation Research Rated as leader in ShortList 2024: Microsoft End-to-End Service Providers by Constellation Research Rated as leader in ShortList 2024: QA Tools for NextGen Apps by Constellation Research Recognized as a leader in Avasant's Retail Digital Services 2024 Radarview™ Recognized as a leader in Avasant's SAP S/4HANA Services 2023–2024 Radarview Rated as a leader in ISG's Environmental, Social and Governance Services (ESG) Provider Lens™ study in US, Europe and Global Industry & Solutions Positioned as a leader in Retail IT Services PEAK Matrix® Assessment 2024 by Everest Positioned as a leader in HFS Horizons: Manufacturing Intelligent Operations Services, 2024 Positioned as a leader in HFS Horizons: The Best Service Providers for Asset and Wealth Management Rated as a leader in ESG Services in Banking 2024 by NelsonHall Rated as a leader in Innovation Radar – Salesforce Related Services in Europe: The Communications & Media View by PAC, The Manufacturing View by PAC, The Energy & Utilities View by PAC, and The Financial Services View by PAC Infosys Finacle along with its customers, won multiple industry awards at the Retail Banker International Asia Trailblazer Awards 2024. These include Infosys Finacle Mobile Teller awarded for Most Innovative Branch Offering; Infosys Finacle and HDFC awarded forExcellence in Mass Affluent Banking; Infosys Finacle and South Indian Bank awarded for Best CSR Initiative – Environmental Impact; Infosys Finacle and Suryoday Bank awarded for Best Core Banking System Initiative Infosys BPM and T-Mobile won the SSON North America Impact Award 2024, in the Creative Talent Management category Infosys BPM recognized at the ISG Digital Case Study Research and Awards 2023 with 3 STANDOUT winners: Banking and Financial Services (India), Communications (Asia Pacific), Retail (UK, Ireland, Scandinavia) Infosys BPM won the Best Workplace Diversity Award, at HR Tech Summit & Awards 2024 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 the cloud. We enable them with an AI-powered 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. Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next. Safe Harbor Certain statements in this release concerning our future growth prospects, our future financial or operating performance, and the McCamish cybersecurity incident review and notification process 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, our ability to attract and retain personnel, our ability to effectively implement a hybrid working model, macro-economic and geo-political situations, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, onerous terms and conditions in customer contracts, 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, the findings of the ongoing review of the extent and nature of accessed or exfiltrated data in relation to the McCamish cybersecurity incident and reaction to such findings, the timing of the review and notification process, and the amount of any additional costs, including indemnities or damages / claims, resulting from the incident. 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, 2023. 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. Infosys Limited and subsidiaries Extracted from the Condensed Consolidated Balance Sheet under IFRS as at: (Dollars in millions) March 31, 2024 March 31, 2023 ASSETS Current assets Cash and cash equivalents 1,773 1,481 Current investments 1,548 841 Trade receivables 3,620 3,094 Unbilled revenue 1,531 1,861 Other Current assets 2,250 1,349 Total current assets 10,722 8,626 Non-current assets Property, plant and equipment and Right-of-use assets 2,323 2,516 Goodwill and other Intangible assets 1,042 1,095 Non-current investments 1,404 1,530 Unbilled revenue 213 176 Other non-current assets 819 1,369 Total non-current assets 5,801 6,686 Total assets 16,523 15,312 LIABILITIES AND EQUITY Current liabilities Trade payables 474 470 Unearned revenue 880 872 Employee benefit obligations 314 292 Other current liabilities and provisions 2,983 3,135 Total current liabilities 4,651 4,769 Non-current liabilities Lease liabilities 767 859 Other non-current liabilities 500 460 Total non-current liabilities 1,267 1,319 Total liabilities 5,918 6,088 Total equity attributable to equity holders of the company 10,559 9,172 Non-controlling interests 46 52 Total equity 10,605 9,224 Total liabilities and equity 16,523 15,312 Extracted from the Condensed Consolidated statement of Comprehensive Income under IFRS for: (Dollars in millions except per equity share data) 3 months ended March 31, 2024 3 months ended March 31, 2023 Year endedMarch 31, 2024 Year endedMarch 31, 2023 Revenues 4,564 4,554 18,562 18,212 Cost of sales 3,219 3,164 12,975 12,709 Gross profit 1,345 1,390 5,587 5,503 Operating expenses: Selling and marketing expenses 209 202 842 776 Administrative expenses 219 231 911 902 Total operating expenses 428 433 1,753 1,678 Operating profit 917 957 3,834 3,825 Other income, net (3) 315 72 512 300 Profit before income taxes 1,232 1,029 4,346 4,125 Income tax expense 273 284 1,177 1,142 Net profit (before minority interest) 959 745 3,169 2,983 Net profit (after minority interest) 958 744 3,167 2,981 Basic EPS ($) (4) 0.23 0.18 0.77 0.71 Diluted EPS ($) (4) 0.23 0.18 0.76 0.71 NOTES: The above information is extracted from the audited condensed consolidated Balance sheet and Statement of Comprehensive Income for the quarter and year ended March 31, 2024, which have been taken on record at the Board meeting held on April 18, 2024. A Fact Sheet providing the operating metrics of the Company can be downloaded from www.infosys.com. Other income is net of Finance Cost. Includes interest income (pre-tax) of $232Mn and reversal of net tax provisions amounting to $5Mn on account of orders received under sections 250 & 254 of the Income Tax Act, 1961, from the Income Tax Authorities in India for certain assessment years. This has resulted in a positive impact on the consolidated Basic and Diluted EPS by approximately $0.06 for the quarter and year ended March 31, 2024. As the quarter and year ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures reported for the previous quarters might not always add up to the year ended figures reported in this statement. IFRS-INR Press Release: https://www.infosys.com/investors/reports-filings/quarterly-results/2023-2024/q4/documents/ifrs-inr-press-release.pdf Fact sheet: https://www.infosys.com/investors/reports-filings/quarterly-results/2023-2024/q4/documents/fact-sheet.pdf
A12 藝術空間
2024
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