Q1 Result 2024 Live Updates | Infosys Q1 earnings- Gartner expects improved buying environment in H2
Biswajit Maity, Sr Principal Analyst at Gartner highlighted that despite various microeconomic challenges and discretionary client spending, Infosys‘s overall outlook remains positive as its deal pipeline remains good and the , “highly successful large-deal pursuit strategy has enabled Infosys to secure an increasing number of large deals in recent years.
“These significant wins in FY24 are expected to contribute to strong revenue growth in FY25. Infosys leverages its established relationships to initiate numerous transformation projects within its existing customer base, focusing on cost savings and value creation. Infosys helps clients navigate current business environments and prepare for future contingencies across various domains, including analytics, big data, customer service, and software engineering.”
He added that “Infosys has bolstered its AI capabilities by reskilling employees and leveraging both proprietary and open-source large language models (LLMs). In 2023, Infosys launched Project Maximus, which aims to improve margins across five pillars: automation through generative AI, hierarchy index, portfolio of projects, pricing, and cost initiatives which continue to improve their margins. These efforts, combined with technologies to enhance intelligent automation and virtual assistants, solidify Infosys as a strong partner in the IT ecosystem.”
