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Infosys CEO Salil Parekh Highlights Company’s Generative AI Projects

Infosys CEO Salil Parekh provided an update on the company’s progress in generative AI during the recent fourth-quarter earnings call. Parekh mentioned that Infosys has achieved an absolute leadership position in generative AI, having created three million lines of code using large language models (LLMs) in their Gen AI projects. This milestone marks Infosys as the first IT services company globally to obtain the ISO 42,001-2023 certification for AI management excellence.

With a focus on tailoring AI solutions to each client’s specific needs, Infosys showcases a nuanced approach to project execution by training large language models with client-specific data. This strategy enhances the value and impact of their generative AI initiatives.

Expanding Capabilities in Generative AI

Parekh expressed pride in Infosys’ achievement of delivering the highest-ever large deal value in 2023-2024, reflecting the trust clients have in the company. The company’s capabilities in Generative AI continue to evolve, with ongoing client programs leveraging large language models to drive improvements in software engineering, process optimization, and customer support.

The Role of Topaz in Accelerating Business Value

All of Infosys’ AI endeavors are integrated into their Topaz offering and capability, an AI-first suite of services, solutions, and platforms designed to help enterprises accelerate business value through generative AI technologies. Parekh emphasized the industry-leading impact of Infosys’ work, citing the generation of three million lines of code leveraging large language models as a standout accomplishment.

Building Strategic Partnerships and Enhancing Platforms

Parekh highlighted the importance of the large deals secured in FY24 to propel Infosys’ growth in FY25, particularly through collaborations with tech partners to optimize platform performance across different environments. While specifics on deal pipeline numbers and expected revenue from generative AI were not disclosed, Infosys remains optimistic about the potential impact of their ongoing initiatives.

Leveraging Generative AI Across Service Lines

Infosys has integrated generative AI into all of its service lines, developing playbooks to guide implementation across various use cases such as software engineering, process optimization, customer support, advisory services, and marketing. By collaborating closely with clients on detailed use cases, Infosys aims to create tangible impacts and drive innovation through generative AI.

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Infosys Reports Strong Performance in Q4

Infosys recently announced its fourth-quarter results, indicating a 30% increase in consolidated profit to Rs 7,969 crore in the March 2024 quarter compared to the previous year. Consolidated revenue also grew by 1.3% to Rs 37,923 crore year-on-year. The company forecasts a revenue growth of 1-3% in constant currency for FY25, along with an operating margin of 20-22%.

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