- A global luxury fashion retailer has chosen us as its preferred global IT partner.
We will drive efficiencies and value by implementing a global IT shared services model
and a client offshore delivery center to support all regions.
- A global mining company engaged us to streamline its finance and procurement process
outsourcing, as well as end-to-end IT services management including service desk,
infrastructure and application management.
- A leading office equipment major selected us as its strategic partner for application
development and maintenance, testing and product implementation.
Platforms
To date we have had more than 127 client engagements where the Infosys Information Platform has been used and have completed 16 pilot programs using this platform. We are encouraged by the traction we are seeing with Panaya post the acquisition, and have won 15 new deals across different industries through our joint offerings.
A European logistics company selected the Infosys Information platform to deliver near real-time data-based tracking and reporting of operational metrics and project business volumes for capacity planning.
We won a project from a global pharmaceutical company to develop a predictive equipment maintenance process based on equipment operating conditions and maintenance history information using the capabilities of the Infosys Information Platform.
Another pharmaceutical company engaged us to develop a big data and analytics technology platform architecture. The client also implemented the Infosys Information Platform to deliver on a range of operational reporting in areas such as supply chain and inventory management using data from source systems such as SAP.
Products
This quarter, the shareholders authorized the transfer of business of Finacle and Edge Services to EdgeVerve with effect from August 1, 2015 or such other date as may be decided by the Board, for a consideration of upto ` 3,400 crore (app. $ 550 million) and upto ` 220 crore (app. $ 35 million) respectively. EdgeVerve Systems is a wholly-owned subsidiary of Infosys.
EdgeVerve
EdgeVerve saw a great beginning to the year with 14 wins and 4 client go-lives.
A large consumer health and medical devices company selected ProcureEdge to power its source-to-settle transformation. ProcureEdge will be implemented worldwide by the client to bring transformation and savings across its buying organization. A large European telecom company expanded its use of AssistEdge to include over 5,000 operators in its call centres, enabling them to simplify and automate business processes by integrating multiple disparate systems; thereby reducing call handling time and improving customer service. AssistEdge is also providing analytics-based insights to help the client proactively allocate resources and take preventive steps to manage issues.
Finacle
This quarter, Finacle sustained strong business momentum with 19 wins and 12 go-lives across the globe. Wins in the quarter included Corporation Bank and Indian Overseas Bank, both of which opted for our industry leading core banking solution. Building on last quarter's success with Qantas Credit Union, Finacle also added another client in Australia for digital transformation.
Finacle continued to expand its solutions suite with three new offerings - Finacle Assure [http://www.infosys.com/finacle/services/Pages/preventive-mai... ], Finacle Youth Banking [http://www.infosys.com/finacle/solutions/Pages/youth-banking... ] solution and Finacle SME Enable [http://www.infosys.com/finacle/solutions/Pages/finacle-SME-e... ]. Finacle also extended its partnership with Microsoft Corp making its suite of solutions available on Microsoft Azure cloud.
Acquisitions, Investments and Partnerships
- This quarter, we completed the acquisition of Kallidus Inc. (d.b.a Skava) and its
affiliate, a leading provider of digital experience solutions, including mobile
commerce and in-store shopping experiences to large retail clients. The acquisition of
Skava is part of Infosys' strategy to help clients bring new digital experiences to
their customers through IP-led technology offerings, new automation tools and
unparalleled skill and expertise in these new emerging areas.
- This quarter, the shareholders in the AGM have approved to enter into a contract to
acquire the healthcare business from Infosys Public Services Inc. (IPS), a
wholly-owned subsidiary of Infosys for an estimated consideration of upto ` 625 crores
(app. $ 100 million) with effect from a day as may be decide by the Board of Directors
- We are encouraged by the traction we are seeing with Panaya post the acquisition, and
have won 15 new deals through our joint offerings.
- We have joined the Industrial Internet Consortium (IIC), an open membership group
established to improve the integration between the physical and the digital worlds and
accelerate the adoption of Internet of Things. We will focus on the development of
future IIC testbeds with key ecosystem partners, leveraging our expertise in
predictive analytics as applied to maintenance, operations, information, service and
energy. Our work on predictive analytics solutions for asset efficiency will be
anchored on open-source and open-access ingredients for rapid innovation by the
community.
- We continue to enhance our capabilities in Design Thinking across the organization,
and have trained more than 39,000 employees till date. We have also seen a positive
response from clients with whom we have various design thinking engagements.
Arif Rehman, Director, Supply Chain Operations, Cisco said, "Infosys has been a strategic partner on our journey to catalyze innovation across the Global Manufacturing Operations organization. They have been working closely with us from an organizational perspective to incorporate Design Thinking and an innovator's mindset into how our teams collaborate, ideate and prototype towards more user-centric solutions. What I appreciate the most is their ability to take a concept like innovation and contextualize it into the day to day workings of our very analytical, knowledge-centric workforce."
Innovation Fund
This quarter, we set aside US$10 million from our global Innovation Fund for Ireland-based start-ups. Earlier this year, Infosys announced the US$500 million Innovation Fund [http://www.infosys.com/about/Pages/innovation-fund.aspx ] earmarked for investments in the growth of disruptive new technologies.
Awards and Recognition
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