We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Infosys Finacle, the banking platform of Infosys Limited’s (INFY - Free Report) subsidiary, EdgeVerve Systems, recently launched Finacle Trade Connect, a trade finance solution for banks. The solution facilitates the digitization of the trade finance business process that includes certifying documents, validation of ownership as well as making payments, while working on a distributed and shared network.
The company has also assembled a pilot trade finance network of 11 banks to trial the Finacle Trade Connect solution.
The Finacle Trade Connect
Based on the EdgeVerve Blockchain Framework, the solution is accessible for a range of functions such as Bill Collection, Letters of Credit, C2C and B2C Transactions for Trade, B2C transactions for Trade, PO Financing and Invoice financing. The EdgeVerve Blockchain Framework enables banks to swiftly deploy blockchain-based services for various business areas. Other benefits from this ledger agnostic framework include its capability to work with industry leading blockchain platforms such as Bitcoin, Ethereum, Hyperledger as well as Corda.
Existing Business Scenario
Infosys has been diligently following the “Renew New” program, which lays the blueprint of its long-term growth. The company is continuously renewing traditional services and rolling out others in areas such as Cloud Ecosystem, Big Data and Analytics, API and Micro Services, Cyber Security, as well as IoT Engineering Services.
Under the “Renew” initiative, Infosys helped clients renew traditional IT services and infrastructure. Meanwhile, the company has been recording robust momentum in software and services business under the “New” initiative.
Infosys’ services and software are proving conducive to top-line growth. New services in the cloud first and artificial intelligence first digital experience service area are significantly contributing to revenues generation. Strong demand for these relatively new services is aiding the company to attain higher growth and margin.
Despite these positives, President Trump’s anti-immigration stance, unfavorable political climate and escalating costs are likely to affect the company’s performance. Year to date, the Zacks Rank #3 (Hold) company’s stock has yielded a return of 4.5%, against the industry’s average growth of 33%.
Analog Devices has surpassed estimates in the trailing four quarters, with an average positive earnings surprise of 16.3%.
Arista Networks has outpaced estimates in the preceding four quarters, with an average earnings surprise of 27.5%.
AMTEK has surpassed estimates thrice in the trailing four quarters, with an average positive earnings surprise of 4.1%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Infosys Subsidiary Unveils Finacle Trade Connect Solution
Infosys Finacle, the banking platform of Infosys Limited’s (INFY - Free Report) subsidiary, EdgeVerve Systems, recently launched Finacle Trade Connect, a trade finance solution for banks. The solution facilitates the digitization of the trade finance business process that includes certifying documents, validation of ownership as well as making payments, while working on a distributed and shared network.
The company has also assembled a pilot trade finance network of 11 banks to trial the Finacle Trade Connect solution.
The Finacle Trade Connect
Based on the EdgeVerve Blockchain Framework, the solution is accessible for a range of functions such as Bill Collection, Letters of Credit, C2C and B2C Transactions for Trade, B2C transactions for Trade, PO Financing and Invoice financing. The EdgeVerve Blockchain Framework enables banks to swiftly deploy blockchain-based services for various business areas. Other benefits from this ledger agnostic framework include its capability to work with industry leading blockchain platforms such as Bitcoin, Ethereum, Hyperledger as well as Corda.
Existing Business Scenario
Infosys has been diligently following the “Renew New” program, which lays the blueprint of its long-term growth. The company is continuously renewing traditional services and rolling out others in areas such as Cloud Ecosystem, Big Data and Analytics, API and Micro Services, Cyber Security, as well as IoT Engineering Services.
Under the “Renew” initiative, Infosys helped clients renew traditional IT services and infrastructure. Meanwhile, the company has been recording robust momentum in software and services business under the “New” initiative.
Infosys’ services and software are proving conducive to top-line growth. New services in the cloud first and artificial intelligence first digital experience service area are significantly contributing to revenues generation. Strong demand for these relatively new services is aiding the company to attain higher growth and margin.
Despite these positives, President Trump’s anti-immigration stance, unfavorable political climate and escalating costs are likely to affect the company’s performance. Year to date, the Zacks Rank #3 (Hold) company’s stock has yielded a return of 4.5%, against the industry’s average growth of 33%.
Stocks to Consider
Some better-ranked stocks from the same space include Analog Devices, Inc. (ADI - Free Report) , Arista Networks, Inc. (ANET - Free Report) and AMTEK, Inc. (AME - Free Report) . While Analog Devices and Arista Networks sport a Zacks Rank #1 (Strong Buy), AMTEK carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Analog Devices has surpassed estimates in the trailing four quarters, with an average positive earnings surprise of 16.3%.
Arista Networks has outpaced estimates in the preceding four quarters, with an average earnings surprise of 27.5%.
AMTEK has surpassed estimates thrice in the trailing four quarters, with an average positive earnings surprise of 4.1%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>