At its last Annual General Meeting, Infosys stated plans to expand through acquisitions of SaaS and cloud-based startups, highlighting a strategic shift toward high-growth specialist areas.
The Bengaluru-based IT services behemoth has been actively acquiring companies, including a semiconductor design firm and an engineering R&D services provider focusing on the automotive industry, demonstrating its aggressive expansion plan.
Infosys is significantly involved in Generative Artificial Intelligence (Gen AI), with 225 programs now underway and 23 industry-specific AI blueprints built to address difficult customer challenges while integrating AI throughout its service lines.
As of the most recent fiscal year, the company has filed 46 AI patents, demonstrating its dedication to technological innovation and leadership in AI-driven solutions.
Infosys Cobalt, the company's cloud services platform, is critical to scaling AI capabilities for clients, stressing the synergies between AI and cloud technologies to achieve improved business outcomes.
Salil Parekh, CEO of Infosys, set criteria for future acquisitions, emphasizing strategic fit, financial feasibility, and cultural integration, indicating that the company will continue to aggressively expand in identified growth areas.