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    INFY   INE009A01021

INFOSYS LIMITED

(INFY)
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Infosys to Develop Quantum Computing Capabilities on AWS

09/22/2021 | 06:22am EDT

Infosys announced a strategic collaboration with Amazon Web Services (AWS) to develop quantum computing capabilities and use cases. Infosys will use Amazon Braket to explore and build multiple use cases in quantum computing as part of Infosys Cobalt cloud offerings. Amazon Braket is a fully managed quantum computing service that helps scientists and developers get started with the technology and accelerate research and discovery. Infosys will look to build, test, and evaluate quantum applications on circuit simulators and quantum hardware technologies using Amazon Braket. This will enable researchers and developers to experiment and study complex computational problems as quantum technologies continue to evolve. Enterprises will get access to use cases for rapid experimentation and can explore how quantum computing can potentially help them in the future in a variety of areas, assess new ideas and plan adoption strategies to drive innovation. The use of Amazon Braket by Infosys aims at getting businesses ready for a future where quantum computers will impact business. The Infosys Center for Emerging Technology Solutions (iCETS), which focuses on the incubation of next-generation services and offerings, is using Amazon Braket to develop quantum computing use cases in vehicle route optimization, fraud detection, and more. Infosys is also exploring partnership opportunities with startups in the quantum computing space through the Infosys Innovation Network (IIN). This collaboration further bolsters Infosys Cobalt, a set of services, solutions, and platforms for enterprises to accelerate their cloud journey. It offers 14,000 cloud assets and over 200 industry cloud solution blueprints.


ę S&P Capital IQ 2021
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Analyst Recommendations on INFOSYS LIMITED
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Financials
Sales 2022 1 195 B 15 935 M 15 935 M
Net income 2022 223 B 2 969 M 2 969 M
Net cash 2022 293 B 3 904 M 3 904 M
P/E ratio 2022 32,5x
Yield 2022 1,95%
Capitalization 7 190 B 95 866 M 95 852 M
EV / Sales 2022 5,77x
EV / Sales 2023 5,01x
Nbr of Employees 267 953
Free-Float 84,7%
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 37
Last Close Price 1 715,75 INR
Average target price 1 978,73 INR
Spread / Average Target 15,3%
EPS Revisions
Managers and Directors
Salil S. Parekh Chief Executive Officer, MD & Executive Director
Mohit Joshi Co-President
Ravi Kumar S. Co-President & Deputy Chief Operating Officer
Nilanjan Roy Chief Financial Officer
Nandan M. Nilekani Non-Executive Chairman
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