During the recent fourth-quarter earnings call, Infosys CEO Salil Parekh provided a comprehensive update on the company’s groundbreaking strides in generative AI projects. Parekh proudly announced Infosys’ unequivocal leadership position in generative AI (Gen AI), citing the development of an impressive three million lines of code utilizing large language models (LLMs) within the realm of Gen AI. He emphasized the significance of this achievement, highlighting Infosys as the inaugural IT services company globally to attain the prestigious ISO 42,001-2023 certification, a testament to the company’s unwavering commitment to excellence in AI management.
Parekh elaborated on Infosys’ approach to AI solutions, emphasizing the customization process involving the training of large language models with client-specific data. This tailored approach underscores Infosys’ dedication to precision and effectiveness in project execution.
The CEO celebrated Infosys’ remarkable performance in securing the highest-ever large deal value during the fiscal year 2023-2024, attributing this success to the strong trust clients have placed in the company. Parekh reiterated the expansion of capabilities in Generative AI, outlining ongoing client programs leveraging large language models across pivotal domains such as software engineering, process optimization, and customer support.
Infosys Generated 3M Lines of Code in Generative AI
Integral to Infosys’ AI advancements is its Topaz offering—a comprehensive suite of AI-driven services, solutions, and platforms designed to empower enterprises in unlocking business value through generative AI technologies. Parekh underscored the pioneering nature of Infosys’ work, particularly highlighting the industry-leading feat of generating three million lines of code through large language models in generative AI.
In discussing the deal pipeline, Parekh expressed confidence in the positive impact of the large deals secured during FY24 on the company’s performance in FY25. He emphasized collaborative efforts with major technology partners to ensure seamless functionality of their platforms across diverse environments, including hardware technology and large language model platforms.
While refraining from disclosing specific figures on deal pipeline or revenue projections from generative AI, Parekh affirmed the integration of generative AI into all of the company’s service lines. He described the development of comprehensive playbooks showcasing the potential of generative AI across various use cases, including software engineering, process optimization, customer support, advisory support, marketing, and sales. Parekh highlighted these detailed use cases’ significant impact in collaboration with clients, signaling a promising trajectory for Infosys’ AI initiatives.
Infosys’ profit jumped 30%.
Infosys announced robust financial results for the fourth quarter, with consolidated profit surging 30% to Rs 7,969 crore in the March 2024 quarter compared to Rs 6,128 crore in the year-ago period. Consolidated revenue increased by 1.3% to Rs 37,923 crore from Rs 37,441 crore in the corresponding quarter last year. The company anticipates a revenue growth of 1-3% in constant currency for FY25 and aims for an operating margin of 20-22%.