Infosys Infosys Salil Parekh, CEO took stock of the company Generative AI projects during the recent fourth quarter earnings conference call. The company holds an absolute leadership position in the field of Generative AI (Gen AI) and has generated three million lines of codes using Large Language Models (LLM) in Gen AI, said CEO Parekh . “We became the first IT services company in the world to achieve ISO 42 001-2023 certification, demonstrating our commitment to excellence in AI management,” he added.
He said Infosys has tailored its AI solutions by training these large language models with client-specific data, thereby presenting a nuanced approach to project execution.
“We achieved the highest transaction value ever in 2023-2024. This reflects the strong trust customers have in us. Our capabilities in generative AI continue to expand. We are working on customer programs, in leveraging large language models impacting software engineering, process optimization and customer support,” Parekh said.
Infosys generated 3 million lines of generative AI code
All of Infosys’ AI efforts are part of its Topaz offering and capabilities. Topaz is a set of AI-driven services, solutions and platforms that help businesses accelerate business value using generative AI technologies.
“The type of work we do, for example the 3 million lines of code we have generated using large language models in generative AI, is absolutely at the forefront of the industry. »
Talking about the deal pipeline, he said the big deals won in FY24 will help the company in FY25. “The projects and work that we are doing with some of our big technology partners… we work closely with them to make sure their platform works well in different environments, whether it’s a hardware technology platform or a large language model platform. So these are elements that we are extremely satisfied with,” he added. Parekh, however, did not disclose any figures on the deal pipeline or expected revenue from generative AI.
Parekh said all of the company’s service lines now include generative AI and the company has developed playbooks on how it can work. “The way we looked at use cases, whether it’s software engineering or process optimization in customer support, consulting, marketing and sales, these are use cases. “We’re working on detailed usage with clients and we’ve created quite a positive impact,” he said.
Infosys profit jumps 30% in fourth quarter
Infosys announced its fourth quarter results last week. The company said its consolidated profit jumped 30 per cent to Rs 7,969 crore in the March 2024 quarter. It recorded a profit of Rs 6,128 crore in the last year, according to a regulatory filing . Infosys’ consolidated revenue during the quarter increased 1.3 per cent to Rs 37,923 crore, compared to Rs 37,441 crore in the same quarter last year. The company expects revenue growth of 1 to 3 percent in constant currency for FY25 and an operating margin of 20 to 22 percent.
He said Infosys has tailored its AI solutions by training these large language models with client-specific data, thereby presenting a nuanced approach to project execution.
“We achieved the highest transaction value ever in 2023-2024. This reflects the strong trust customers have in us. Our capabilities in generative AI continue to expand. We are working on customer programs, in leveraging large language models impacting software engineering, process optimization and customer support,” Parekh said.
Infosys generated 3 million lines of generative AI code
All of Infosys’ AI efforts are part of its Topaz offering and capabilities. Topaz is a set of AI-driven services, solutions and platforms that help businesses accelerate business value using generative AI technologies.
“The type of work we do, for example the 3 million lines of code we have generated using large language models in generative AI, is absolutely at the forefront of the industry. »
Talking about the deal pipeline, he said the big deals won in FY24 will help the company in FY25. “The projects and work that we are doing with some of our big technology partners… we work closely with them to make sure their platform works well in different environments, whether it’s a hardware technology platform or a large language model platform. So these are elements that we are extremely satisfied with,” he added. Parekh, however, did not disclose any figures on the deal pipeline or expected revenue from generative AI.
Parekh said all of the company’s service lines now include generative AI and the company has developed playbooks on how it can work. “The way we looked at use cases, whether it’s software engineering or process optimization in customer support, consulting, marketing and sales, these are use cases. “We’re working on detailed usage with clients and we’ve created quite a positive impact,” he said.
Infosys profit jumps 30% in fourth quarter
Infosys announced its fourth quarter results last week. The company said its consolidated profit jumped 30 per cent to Rs 7,969 crore in the March 2024 quarter. It recorded a profit of Rs 6,128 crore in the last year, according to a regulatory filing . Infosys’ consolidated revenue during the quarter increased 1.3 per cent to Rs 37,923 crore, compared to Rs 37,441 crore in the same quarter last year. The company expects revenue growth of 1 to 3 percent in constant currency for FY25 and an operating margin of 20 to 22 percent.
