Infosys Chief Executive Officer and Managing Director Salil Parekh said the company is integrating a generative AI platform into its business operations. The company says it actively works with clients to address specific areas and processes with this technology, while training an open-source generative AI platform on its own software development library. said at a press conference following the company’s fourth-quarter earnings release.
“We have active programs and projects with clients that use our generative AI platform to address specific areas, processes, and libraries within their businesses. We have trained the platform on our own internal software development library, and we expect the AI generated will allow us to work more with our clients and improve our own productivity,” said Parekh. .
The company is currently working on multiple generative AI projects, both open source and on its own platform. He actively works with clients to explore how generative AI can leverage large-scale models within client organizations to create more efficient solutions. Infosys is also working on its own software development tools on its open source generated AI platform, building two of his and training software development managers to use them. According to him, the company has already applied this approach to some of its in-house software his library elements.
“We feel great. These things help our clients work, do more, and be more productive too. is really amazing and is now part of all the new training as well,” he added.
Infosys, the second largest IT company by revenue, posted a consolidated net profit of Rs612.8 billion for the March quarter on Thursday, up 7.8% year-on-year (YoY) compared to Rs568.6 billion for the same period last year. reported. Analysts had expected earnings growth of 15%.
The company reported a year-on-year jump of 16% in consolidated turnover of Rs 37,441 thousand compared to Rs 32,276 thousand in the same quarter last year. An analyst had expected the Bengaluru-based tech giant to see a 20% increase in sales. Dollar earnings for the quarter he was $4.554 billion, down 2.2% from the previous quarter. On a constant currency basis, earnings fell 3.2% on a continuous basis. Digital earnings account for his 62.9% of total earnings.