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Infosys (INFY) & Australian Open Tie Up for Digital Innovation
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Infosys (INFY - Free Report) recently announced a five-year partnership extension with the Melbourne-based tennis tournament, Australian Open (“AO”), to harness Big Data and Analytics, Artificial Intelligence (“AI”), Virtual Reality and Cloud technologies.
The contract, extended until 2026, intends to improve the tournament experience for fans, players, coaches, partners and the media. Infosys will provide enhanced broadcast statistics, i.e., insights and perspectives to analyze the tennis game differently. Based on historical records of the tournament, pressure point metrics, and other measures, it will work on enhancing tennis fan engagements globally.
Per the agreement, Infosys and AO will jointly develop new digital tools for the benefit of AO stockholders. Through the IT major’s Tennis Platform, an open-source polycloud platform architected to be plug-and-play, fans will be able to take virtual seats on the court and deep dive into data of the matches they like.
Infosys’ AI Shot of the Day will continue to publish breathtaking moments from multiple matches. The platform utilizes machine learning to rapidly identify match highlights, using multiple data points that are objective (such as fastest serve) and subjective (player emotion, crowd reaction and cruciality of the shot in context to the match). Besides, players & coaches will continue gaining from advanced training videos of Infosys AI.
In addition, the tennis teams will leverage Infosys Springboard, a digital learning platform, to upgrade their digital skills and enhance inclusivity initiatives to aid under-represented communities.
Infosys intends to offer 360 digital experience visions for the tournament in the next decade via end-to-end design assessment of AO fans’ digital touchpoints. This collaboration highlights the company's commitment to nurture digital upskilling in support of the digital experiences of its fans.
Infosys has been reinforcing its digital-transformation capabilities to expand and solidify its position in the highly competitive environment. It enables its clients across over 45 countries to create and execute strategies for their digital transformation. Such efforts in the digital-transformation business will aid the company to compete with peers like Accenture and Cognizant.
However, Infosys is grappling with increasing anti-outsourcing sentiments in certain countries. Higher subcontractor costs, and the company’s compensation revision with a higher variable pay and incentives are weighing on margins. Currency volatility between the India rupee and the U.S. dollar remains a major concern.
Arrow’s Zacks Consensus Estimate for fourth-quarter fiscal 2021 earnings has been raised to $4.42 per share from $3.85 in the past 60 days. For fiscal 2021, earnings estimates have moved north by 8.1% to $14.6 per share over the past 60 days.
Arrow beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average surprise being 18.6%. Shares of ARW have appreciated 28.6% year-to-date (“YTD”).
The Zacks Consensus Estimate for Advanced Micro Devices’ fourth-quarter 2021 earnings has been revised upward by 7 cents to 75 cents per share over the past 60 days. For 2021, earnings estimates have moved north by 0.38% to $2.65 per share in the last seven days.
Advanced Micro Devices’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 14%. Shares of AMD have rallied 50.2% in the YTD period.
The consensus mark for Qualcomm’s first-quarter fiscal 2022 earnings has been declined to $3 per share from $3.01 in the past seven days. For fiscal 2022, earnings estimates have been revised downward by 0.10% to $10.48 per share in the past seven days.
Qualcomm’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 11.2%. Shares of QCOM have gained 16% YTD.
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Infosys (INFY) & Australian Open Tie Up for Digital Innovation
Infosys (INFY - Free Report) recently announced a five-year partnership extension with the Melbourne-based tennis tournament, Australian Open (“AO”), to harness Big Data and Analytics, Artificial Intelligence (“AI”), Virtual Reality and Cloud technologies.
The contract, extended until 2026, intends to improve the tournament experience for fans, players, coaches, partners and the media. Infosys will provide enhanced broadcast statistics, i.e., insights and perspectives to analyze the tennis game differently. Based on historical records of the tournament, pressure point metrics, and other measures, it will work on enhancing tennis fan engagements globally.
Per the agreement, Infosys and AO will jointly develop new digital tools for the benefit of AO stockholders. Through the IT major’s Tennis Platform, an open-source polycloud platform architected to be plug-and-play, fans will be able to take virtual seats on the court and deep dive into data of the matches they like.
Infosys’ AI Shot of the Day will continue to publish breathtaking moments from multiple matches. The platform utilizes machine learning to rapidly identify match highlights, using multiple data points that are objective (such as fastest serve) and subjective (player emotion, crowd reaction and cruciality of the shot in context to the match). Besides, players & coaches will continue gaining from advanced training videos of Infosys AI.
In addition, the tennis teams will leverage Infosys Springboard, a digital learning platform, to upgrade their digital skills and enhance inclusivity initiatives to aid under-represented communities.
Infosys Limited Price and Consensus
Infosys Limited price-consensus-chart | Infosys Limited Quote
Infosys intends to offer 360 digital experience visions for the tournament in the next decade via end-to-end design assessment of AO fans’ digital touchpoints. This collaboration highlights the company's commitment to nurture digital upskilling in support of the digital experiences of its fans.
Infosys has been reinforcing its digital-transformation capabilities to expand and solidify its position in the highly competitive environment. It enables its clients across over 45 countries to create and execute strategies for their digital transformation. Such efforts in the digital-transformation business will aid the company to compete with peers like Accenture and Cognizant.
However, Infosys is grappling with increasing anti-outsourcing sentiments in certain countries. Higher subcontractor costs, and the company’s compensation revision with a higher variable pay and incentives are weighing on margins. Currency volatility between the India rupee and the U.S. dollar remains a major concern.
Zacks Rank & Stocks to Consider
Infosys currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader technology sector are Arrow Electronics (ARW - Free Report) , Advanced Micro Devices (AMD - Free Report) and Qualcomm (QCOM - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Arrow’s Zacks Consensus Estimate for fourth-quarter fiscal 2021 earnings has been raised to $4.42 per share from $3.85 in the past 60 days. For fiscal 2021, earnings estimates have moved north by 8.1% to $14.6 per share over the past 60 days.
Arrow beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average surprise being 18.6%. Shares of ARW have appreciated 28.6% year-to-date (“YTD”).
The Zacks Consensus Estimate for Advanced Micro Devices’ fourth-quarter 2021 earnings has been revised upward by 7 cents to 75 cents per share over the past 60 days. For 2021, earnings estimates have moved north by 0.38% to $2.65 per share in the last seven days.
Advanced Micro Devices’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 14%. Shares of AMD have rallied 50.2% in the YTD period.
The consensus mark for Qualcomm’s first-quarter fiscal 2022 earnings has been declined to $3 per share from $3.01 in the past seven days. For fiscal 2022, earnings estimates have been revised downward by 0.10% to $10.48 per share in the past seven days.
Qualcomm’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 11.2%. Shares of QCOM have gained 16% YTD.