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New NCCN Patient Resource Shares Latest Understanding of Genetic Testing to Guide Patient Decision Making

Free information from the National Comprehensive Cancer Network offers information on how and why to access genetic counseling and testing for multiple hereditary cancers

PLYMOUTH MEETING, Pa., Jan. 16, 2025 /PRNewswire/ — Today, the National Comprehensive Cancer Network® (NCCN®)—an alliance of leading cancer centers—published a new resource to inform people about the latest recommendations around hereditary and familial cancer risk. This essential guide is based on the latest evidence and expert consensus in the rapidly advancing field of cancer genetics. It provides guidance on how best to assess, and test for, inherited genetic mutations that can raise the risk of cancer, and presents this information in a straightforward, plainspoken manner. 

The new NCCN Guidelines for Patients®: Genetic Testing for Hereditary Breast, Ovarian, Pancreatic, and Prostate Cancer is available for free at NCCN.org/patients or via the NCCN Patient Guides for Cancer App thanks to support from the NCCN Foundation®.
The new NCCN Guidelines for Patients®: Genetic Testing for Hereditary Breast, Ovarian, Pancreatic, and Prostate Cancer is available for free at NCCN.org/patients or via the NCCN Patient Guides for Cancer App thanks to support from the NCCN Foundation®.

“No other landscape in medicine has changed as drastically as the field of clinical genetics,” said Mary B. Daly, MD, PhD, FACP, Fox Chase Cancer Center; and Chair of the NCCN Guidelines® Panel for Genetic/Familial High-Risk Assessment: Breast, Ovarian, Pancreatic, and Prostate. “The changes have been facilitated by the work of the Human Genome Project but have gone way beyond its scope. Advances in technology have been a major driver of the explosion of knowledge in genetics, now allowing us to sequence the entire human genome in a short period of time and at a fraction of the cost of previous years. This has led to a better understanding of the natural history of cancer, the ability to assess genetic risk for cancer across populations, the development of clinical management strategies to reduce cancer risk, the development of novel therapeutic agents which target genetic alterations, and to improved education of patients and providers about genetic risk.”

The new NCCN Guidelines for Patients®: Genetic Testing for Hereditary Breast, Ovarian, Pancreatic, and Prostate Cancer is available for free at NCCN.org/patients or via the NCCN Patient Guides for Cancer App thanks to support from the NCCN Foundation®.

“NCCN brings together national experts in hereditary cancer to develop consensus guidelines based on the latest research,” said Susan Friedman, DVM, Executive Director, FORCE: Facing Our Risk of Cancer Empowered, who serves as a patient advocate on the NCCN Guidelines Panel for Genetic/Familial High-Risk Assessment: Breast, Ovarian, Pancreatic, and Prostate. “FORCE and the entire hereditary cancer community rely on the NCCN Guidelines for the most up-to-date and relevant information. Hereditary cancer is hard enough to navigate, so we are thankful for patient-friendly information to help inform the decision-making process.”

“After our mother and aunt were both diagnosed with breast cancer, my sister and I sought genetic testing that revealed that all of us except my sister carried the BRCA2 mutation,” said Denise Portner, a breast cancer survivor and member of the NCCN Foundation Board of Directors. “Had I not known my genetic status, I would not have had the MRI screening that caught my breast cancer as early as it did. Genetic testing is a vital tool in enabling individuals to be proactive in their health care to achieve the best possible outcomes. Having a patient guide that explains the testing process, what clinicians test for, and who should seek testing is an invaluable resource.”

“It’s very important for everyone to understand their cancer risks based on their personal or family history since their personal risk level may necessitate earlier, more frequent, and/or more intensive cancer surveillance,” added Heather Hampel, MS, Certified Genetics Counselor, Associate Director, Division of Clinical Cancer Genomics Professor, Department of Medical Oncology & Therapeutics Research, City of Hope. “This is the best way to ensure that you are doing everything you can to prevent cancer or catch it early when treatment has the best outcome. You can find a local cancer genetic counselor at findageneticcounselor.org if you would like a personalized cancer risk assessment. This often includes genetic testing to determine if you have a hereditary cancer susceptibility running in your family.”

The library of NCCN Guidelines for Patients includes more than 70 free books in multiple languages, featuring easy-to-understand information about prevention, screening, diagnosis, treatment, and supportive care for nearly every type of cancer. They are based on the NCCN Clinical Practice Guidelines in Oncology (NCCN Guidelines®)—which are continuously updated, evidence-based, expert consensus-driven recommendations that guide cancer care teams worldwide.

NCCN’s patient guidelines have earned numerous awards as high-quality, trustworthy sources of patient education on cancer. They are widely recognized for their role in helping to empower people with cancer to make informed treatment decisions that are best for them. Visit NCCN.org/patientresources to learn more about all of the different resources for people with cancer and their caregivers available from NCCN and the NCCN Foundation.

To help support these guidelines, and other patient resources, visit NCCN.org/foundation.

About the National Comprehensive Cancer Network
The National Comprehensive Cancer Network® (NCCN®) is marking 30 years as a not-for-profit alliance of leading cancer centers devoted to patient care, research, and education. NCCN is dedicated to defining and advancing quality, effective, equitable, and accessible cancer care and prevention so all people can live better lives. The NCCN Clinical Practice Guidelines in Oncology (NCCN Guidelines®) provide transparent, evidence-based, expert consensus-driven recommendations for cancer treatment, prevention, and supportive services; they are the recognized standard for clinical direction and policy in cancer management and the most thorough and frequently-updated clinical practice guidelines available in any area of medicine. The NCCN Guidelines for Patients® provide expert cancer treatment information to inform and empower patients and caregivers, through support from the NCCN Foundation®. NCCN also advances continuing education, global initiatives, policy, and research collaboration and publication in oncology. Visit NCCN.org for more information.

About the NCCN Foundation
The NCCN Foundation is marking 15 years of empowering people with cancer and their caregivers by delivering unbiased expert guidance from the world’s leading cancer experts through the library of NCCN Guidelines for Patients® and other patient education resources. The NCCN Foundation is also committed to advancing cancer treatment by funding the nation’s promising young investigators at the forefront of cancer research. For more information about the NCCN Foundation, visit nccnfoundation.org.

Media Contact: 
Rachel Darwin
267-622-6624
darwin@nccn.org

Lanvin Group Announces Leadership and Board Changes to Accelerate Growth and Strategic Initiatives

NEW YORK, Jan. 16, 2025 /PRNewswire/ — Lanvin Group (NYSE: LANV) (the “Company”) today announced key leadership and board changes designed to strengthen its position in the luxury fashion industry and further advance its strategic goals. These changes reflect the Company’s ongoing commitment to cultivating a dynamic, experienced leadership team capable of driving innovation and sustainable growth in a rapidly evolving market.

The Board of Directors has appointed Mr. Andy Lew, CEO of St. John Knits as Executive President of Lanvin Group, while Mr. Eric Chan will transition from his role as Chief Executive Officer to join the Board as a director.

Mr. Lew brings more than 35 years of experience in the fashion industry, with a proven track record of leadership and operational excellence in the luxury sector. In his new role, he will oversee the Company’s operations, including strategic implementation, business development and growth, financial management, supply chain, information technology, and brand operations. As part of this transition, Lanvin Group will establish a second headquarters in Europe, which will be led by Mr. Lew to support the Company’s global expansion. He will continue to serve as a key leader within St. John Knits International Inc., with day-to-day operations managed by a newly established management committee.

Prior to his leadership role at St. John Knits, Mr. Lew held senior positions at Brooks Brothers Group, Ermenegildo Zegna Group, and Nordstrom Inc., where he played a pivotal role in driving business expansion, leading high-performing teams, and navigating complex global markets. Additionally, Mr. Lew has served on the boards of August Purple, Soles4Souls, and several Brooks Brothers subsidiaries.

In conjunction with these leadership appointments, the Board has approved an expansion from eight to nine members and appointed Mr. Alan Liu, who will replace Ms. Grace Fang, alongside Mr. Eric Chan as directors, effective immediately.

Mr. Zhen Huang, Chairman of Lanvin Group, commented, “These leadership changes mark an exciting chapter for Lanvin Group as we continue to grow and innovate in the luxury fashion industry. Establishing a second headquarters in Europe under Andy’s leadership underscores our commitment to strengthening our global operations and market presence. I want to thank Eric Chan for his dedicated service as CEO and look forward to his continued contributions as a Board member. With Andy’s exceptional expertise and the strengthened Board, I am confident we will exceed our strategic goals and deliver even greater value to our stakeholders.”

Mr. Andy Lew added, “It’s an honor to step into the role of Executive President at such a pivotal moment for Lanvin Group. Leading the establishment of our European headquarters is a tremendous opportunity to expand our global footprint and elevate our brands. I look forward to supporting our creative talents, collaborating with our teams and Board to unlock new growth, and driving exceptional value for stakeholders.”

About Lanvin Group

Lanvin Group is a leading global luxury fashion group headquartered in Shanghai, China, managing iconic brands worldwide including Lanvin, Wolford, Sergio Rossi, St. John Knits, and Caruso. Harnessing the power of its unique strategic alliance of industry-leading partners in the luxury fashion sector, Lanvin Group strives to expand the global footprint of its portfolio brands and achieve sustainable growth through strategic investment and extensive operational know-how, combined with an intimate understanding and unparalleled access to the fastest-growing luxury fashion markets in the world. Lanvin Group is listed on the New York Stock Exchange under the ticker symbol “LANV”. For more information about Lanvin Group, please visit www.lanvin-group.com, and to view our investor presentation, please visit https://ir.lanvin-group.com.

Kutch Copper Joins the International Copper Association

WASHINGTON, Jan. 16, 2025 /PRNewswire/ — Kutch Copper Ltd. (KCL), part of Adani Group, has joined the International Copper Association (ICA) as its newest member. ICA is a not-for-profit trade association representing half the world’s copper production that works to promote copper, protect copper markets, and defend copper demand on behalf of its 34 members.

Located in Mundra, Gujarat, Kutch Copper is a subsidiary of the group’s flagship incubator, Adani Enterprises, which is investing $1.2 billion to establish a copper smelter with an initial capacity of 0.5 million tons per annum. Kutch Copper’s state-of-the-art facility will also produce copper cathodes, rods, and other byproducts. A planned expansion of the smelter will double capacity, positioning the facility as one of the largest single-location custom copper smelters globally.

Dr. Vinay Prakash, Managing Director of Kutch Copper, shared his optimism about joining the ICA. He said, “India is poised to become a significant hub for copper and its products in the coming decades. We believe that Kutch Copper’s membership in the ICA will allow us to actively contribute to sustainability initiatives and develop innovative applications and products within the copper sector. We look forward to collaborating with the global copper community to enhance the value chain for this essential metal, which plays a vital role in the transition to net zero.”

ICA President and CEO Juan Ignacio Díaz expressed his enthusiasm for the partnership, stating, “We are delighted to welcome Adani Metals Kutch Copper Ltd. to our community. Their efforts in advancing sustainable and innovative copper production strengthen our collective mission to promote, protect, and defend copper’s essential role in enabling the technologies and infrastructures needed for global decarbonization. With their presence, we are particularly excited to support copper’s growth in regions where its key applications are expanding.”

ICA Chairman of the Board, Glencore’s Stephen Rowland, added, “KCL’s membership in ICA strengthens our commitment to promoting sustainable practices and developing new applications for copper. We are excited to collaborate with them and support their efforts to drive positive change in the industry.”

About Kutch Copper Ltd.

Kutch Copper Ltd. (KCL), a subsidiary of Adani Enterprises, the flagship incubator of the Adani Group, is establishing a greenfield copper custom smelting and refining complex. Positioned to become a key contributor to India’s green energy infrastructure, KCL is committed to meeting the nation’s growing copper demand. The company is focused on sustainable and innovative production practices, aligning with India’s broader vision of fostering economic growth and development. KCL operates within the metals and materials vertical, one of the four major business segments of the Adani Group, alongside energy & utilities, transport & logistics, and consumer verticals. www.adanimetals.com

About the International Copper Association

The International Copper Association is the global voice of copper, with 34 members across 6 continents. Headquartered in Washington, D.C., ICA operates in the U.S., Europe, Asia and Latin America. ICA and its members are committed to promoting responsible production practices and advancing the future of human development for a sustainable future. internationalcopper.org.

Rokt and mParticle Merge to Redefine Real-Time Relevance

Creating an Unparalleled Offering to Unlock Value Across Ecommerce, Advertising and Customer Engagement with World-Class Controls to Protect First-Party Data

NEW YORK, Jan. 16, 2025 /PRNewswire/ — Rokt, the global leader in ecommerce unlocking real-time relevancy in the moment that matters most, today announced a US$300 million investment in mParticle, a leading customer data platform (CDP), to create an unparalleled offering to unlock real-time relevance across ecommerce, advertising and customer experience. This partnership combines Rokt’s expertise in bringing relevance to ecommerce transaction moments with mParticle’s real-time CDP, enabling businesses to unleash the potential of their customer data. Rokt will double the total investment into the CDP and accelerate innovation and delivery of mParticle’s product roadmap.

“Across billions of ecommerce transactions, we have seen joint clients achieve much better consumer and business outcomes when using mParticle – up to 50% better,” said Bruce Buchanan, CEO and co-founder of Rokt. “This merger will enable us to bring a significant performance lift to all of our clients. We are thrilled to join forces with the mParticle team to accelerate bringing our vision to life, enabling everyone to unlock the moments that matter most.”

“Our mission at mParticle has always been to simplify the complexity of customer data management and empower multi-channel brands to create meaningful connections with their customers across any screen,” said Michael Katz, CEO of mParticle. “Bringing mParticle and Rokt’s capabilities together will offer the best of both worlds – a new class of solutions where customers can activate their data in real time to immediately impact business outcomes while maintaining complete ownership and control over their customer data assets.”

The combined entity will ensure that brands continue to maintain complete control of first-party data, aligned with both companies’ commitment to set the standard for data privacy and compliance. As part of the merger, the mParticle founders will all remain in the business – Michael Katz will continue to be CEO of mParticle, Andrew Katz will become Chief Technology Officer of Rokt to lead innovation and data security across all products, Jason Lynn will remain Chief Product Officer of mParticle, and all three will join the Rokt executive team.

The merger follows a year of significant growth and new initiatives for Rokt, including accelerating revenue growth by more than 40% year over year, to US$600 million. At the start of 2024, Rokt announced the acquisition of AfterSell and the launch of its new generative AI tool, ACE, which helps advertisers maximize their return on ad spend. In addition, Rokt announced key appointments to its executive leadership team in 2024, including Jacqueline Purcell as Chief Financial Officer and Claire Southey as Chief Product Development Officer.

About Rokt

Rokt is the global leader in ecommerce, unlocking real-time relevancy in the moment that matters most. The company’s AI and ML-powered Rokt Brain and ecommerce Rokt Network will power more than 6.5 billion transactions connecting 400 million customers across the world’s leading companies, including Live Nation, Macy’s, AMC Theatres, PayPal, Uber, Hulu, Staples, Albertsons and HelloFresh. Rokt has achieved consistent annual growth of more than 40% across the past decade, driven by its unique partnership model that returns $7 from every $8 of value back to partners. Rokt is headquartered in New York City. The company has offices in 10 global locations and serves clients throughout North America, Europe and Asia-Pacific, solidifying its position as a key player in the global ecommerce ecosystem. To learn more, visit Rokt.com.

About mParticle

mParticle is the choice for multi-channel consumer brands who want to deliver intelligent and adaptive customer experiences in the moments that matter, across any screen or device, working with leading global brands like HBO Max, Marks & Spencer, JetBlue, SoFi and more. mParticle’s predictive capabilities help Marketing teams achieve performance at unmatched scale while meeting the Data teams’ requirements around composability and data governance. Founded in 2013, mParticle is headquartered in New York City with employees around the globe.

For media inquiries, please contact:

Sarah Fisher, VP Communications
sarah.fisher@rokt.com

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Rokt Announces Secondary Transaction, Increasing Valuation to US$3.5 Billion, and Appointment of Anita Sands to the Board of Directors

NEW YORK, Jan. 16, 2025 /PRNewswire/ — Rokt, the global leader in ecommerce unlocking real-time relevancy in the moment that matters most, today announced a secondary transaction amid strong demand from new and existing investors. The company has signed a stock purchase agreement for ~US$335 million with investors including Tiger Global Management, Square Peg, Barrenjoey and SecondQuarter. Board members including Janchor Partners’ John Ho, Terry Bowen and Karen Katz are also buying shares. This agreement values the business at US$3.5 billion.

“Rokt has delivered exceptional growth since launching 12 years ago, with our revenue trajectory continuing to accelerate – this year achieving 43% growth year over year, reaching US$600 million,” said Bruce Buchanan, CEO and co-founder of Rokt. “This was driven by outstanding performance across the Rokt Network, including our ecommerce products, our new Rokt Pay+ product, our international business, and our small and medium-sized business through AfterSell. In addition, we invested more than US$60 million in the Rokt Brain, our AI and machine learning customer relevance engine, and delivered a 28% improvement in relevance.”

“Rokt is a trusted and valuable partner to a significant – and growing – roster of clients across the globe,” said Griffin Schroeder, Partner at Tiger Global. “We’re pleased to increase our investment as they continue to deliver for their customers.” 

“Over the past six years, Rokt has grown revenue 10 times and invested heavily in product and network, while still maintaining profitability,” continued Buchanan. “Following significant inbound investor interest, we are thrilled to be able to offer employees and early investors access to over $100 million in liquidity.”

Rokt is also delighted to announce Anita Sands, Ph.D., is joining Rokt’s Board of Directors. Dr. Sands is a US-based investor, advisor and speaker who serves on the boards of numerous public and private companies, including ServiceNow and Nubank, where she is Lead Independent Director. Prior to this, she had a career spanning financial services and technology, including serving as Group Managing Director and Chief Operating Officer of UBS Wealth Management Americas.

“Rokt is transforming ecommerce through relevancy and enabling companies across verticals and across the globe to tap new revenue streams,” said Dr. Sands. “I’m extremely pleased to join the Rokt board at such an exciting moment and to work closely with the leadership team as it propels the company to new heights.”

About Rokt

Rokt is the global leader in ecommerce, unlocking real-time relevancy in the moment that matters most. The company’s AI- and ML-powered Rokt Brain and ecommerce Rokt Network will power more than 6.5 billion transactions connecting 400 million customers across the world’s leading companies, including Live Nation, Macy’s, AMC Theatres, PayPal, Uber, Hulu, Staples, Albertsons and HelloFresh. mParticle by Rokt is the central nervous system providing real-time data activation to unlock value across ecommerce, advertising and customer engagement. Rokt has achieved consistent annual growth of more than 40% across the past decade, driven by its unique partnership model that returns $7 from every $8 of value back to partners. Rokt is headquartered in New York City. The company has offices in 10 global locations and serves clients throughout North America, Europe and Asia-Pacific, solidifying its position as a key player in the global ecommerce ecosystem. To learn more, visit Rokt.com.

For media inquiries, please contact:

Sarah Fisher, VP Communications
sarah.fisher@rokt.com

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Infosys: Strong growth of 6.1% YoY in CC, 80 bps YoY operating margin expansion

  • Large deal TCV of $2.5 billion including 63% net new; Headcount increased by 5,591 
  • FY25 revenue guidance revised to 4.5%-5.0% 

BENGALURU, India, Jan. 16, 2025 /PRNewswire/ — Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered strong and broad-based performance with $4,939 million in Q3 revenues, growth of 1.7% sequentially and 6.1% year on year in constant currency. Operating margin for Q3 was at 21.3%, increase of 0.2% sequentially. Free cash flow for Q3 was highest ever at $1,263 million, growing 90% year on year. TCV of large deal wins was $2.5 billion, with 63% net new growing at 57% sequentially. Headcount increased for second consecutive quarter.

Revenues for YTD Dec’24 grew at 3.9% year on year in constant currency and in reported terms. Operating margin was at 21.2%, increase of 0.3% year on year.

“Our strong revenue growth sequentially in a seasonally weak quarter and broad-based year on year growth, along with robust operating parameters and margins, is a clear reflection of the success of our differentiated digital offerings, market positioning, and key strategic initiatives. We continue to strengthen our enterprise AI capabilities, particularly focusing on generative AI, which is witnessing increasing client traction,” said Salil Parekh, CEO and MD. “This has led to another quarter of strong large deal wins and improved deal pipeline giving us greater confidence as we look ahead,” he added.

1.7% QoQ

21.30 %

11.4% YoY

$2.5 Bn 

$1.3 Bn 

6.1% YoY 

Operating
Margin

EPS Increase 

Large Deal

Free 

 CC Growth

0.8% YoY increase

(₹ terms)

TCV

Cash Flow

Guidance for FY25:

  • Revenue growth of 4.5%-5.0% in constant currency
  • Operating margin of 20%-22%

Key highlights:

For nine months ended December 31, 2024

For the quarter ended December 31, 2024

Revenues in CC terms grew by 3.9% YoY 

Revenues in CC terms grew by 6.1% YoY and 1.7% QoQ

Reported revenues at $14,547 million, growth of 3.9% YoY 

Reported revenues at $4,939 million, growth of 5.9% YoY 

Operating margin at 21.2%, growth of 0.3% YoY 

Operating margin at 21.3%, increase of 0.8% YoY and 0.2% QoQ 

Basic EPS at $0.57, growth of 6.1% YoY 

Basic EPS at $0.19, growth of 9.6% YoY 

FCF at $3,196 million, growth of 57.1% YoY; 

FCF at $1,263 million, growth of 89.9% YoY; 

FCF conversion at 136.1% of net profit

FCF conversion at 156.6% of net profit

“We had another quarter of strong performance with revenue growth across segments and operating margin expansion, leading to 11.4% EPS growth year on year in rupee terms. Our structured approach to operating margin expansion yielded more results in Q3, particularly due to benefits from improving realization and scale benefits,” said Jayesh Sanghrajka, CFO. “Our sharp focus on cash flow is reflected in Free cash conversion to net profits of 157% in Q3 with free cash generation for 9 months of FY25 surpassing that of entire FY24,” he added.

1.  Client wins & Testimonials

  • Infosys Compaz and Temasek, announced a strategic collaboration with StarHub to accelerate their operations and drive technology-led innovations. Tan Kit Yong, Head of Enterprise Business Group, StarHub, said, “At StarHub, we have always prided ourselves on being at the forefront of innovation. By collaborating with iCompaz, we are expanding our horizons to offer an even wider range of offerings and technologies that are co-created to address the unique needs of our customers. Aligned with our DARE+ strategy, this powerful synergy will better position us as the go-to full-service supplier for businesses that need connectivity, cloud, cybersecurity, and other ICT services to accelerate their digital journeys.”
  • Infosys announced the extension of its existing collaboration with Old National Bank to accelerate its operational and technological transformation. Jim Ryan, Chairman & CEO, Old National Bank, said, “At Old National, we are committed to creating exceptional client and team member experiences. Infosys is expertly guiding us through business process enhancements, with a strong emphasis on efficiency and value generation. We greatly appreciate Infosys’ commitment to our growth and success.”
  • Infosys announced its collaboration with RheinEnergie to help enterprises drive their energy transition and sustainability agenda forward. Stephan Segbers, Chief Sales Officer and member of the board, RheinEnergie, said, “RheinEnergie firmly believes that innovative technological and digital solutions are intrinsic to achieving the ‘Energiewende’ and the ‘Wärmewende’, Germany’s planned transition to a low-carbon, nuclear-free economy. The powerful combination of Infosys’ global expertise in energy transition and cutting-edge technologies such as cloud and AI, and RheinEnergie’s extensive experience in providing energy services allows us to offer enterprises a comprehensive suite of solutions to help manage their energy costs and navigate their energy transition journey. We are excited about joining forces with Infosys and extend this innovative approach to businesses across various sectors. Together, we can accelerate the transition to a clean energy future for a healthier planet.”
  • Infosys announced the extension of its existing collaboration with Microsoft to help accelerate customer adoption of generative AI and Microsoft Azure, globally. Nicole Dezen, Chief Partner Officer at Microsoft, said, “Our expanded collaboration with Infosys will transform industries, enhance business operations, elevate employee experiences, and deliver new value for customers. Together, we will harness the power of generative AI to deliver innovative solutions, drive AI Adoption and enable unprecedented innovation for customers.”
  • Infosys announced the launch of its small language models – Infosys Topaz BankingSLM and Infosys Topaz ITOpsSLM – built using the powerful NVIDIA AI Stack. Jay Puri, Executive Vice President, Worldwide Field Operations, NVIDIA, said, “Generative AI and the recent advancements in agentic and physical AI are ushering in a new era of innovation and productivity for enterprises worldwide. NVIDIA’s full-stack AI platform combined with Infosys Topaz empowers businesses to build and deploy custom AI applications that will transform industries, helping businesses unlock their full potential.”
  • Infosys announced the launch of Google Cloud center of excellence, powered by Infosys Topaz, to foster enterprise AI innovation. Victor Morales, Vice President of GSI and Consulting Partnerships, Google Cloud, said, “Infosys and Google Cloud are committed to providing customers with the industry expertise and technology needed to accelerate digital transformation. The center of excellence is a testament to our strong collaboration and dedication to helping businesses innovate with breakthrough solutions powered by generative AI.”
  • Infosys announced its strategic collaboration with zooplus to enhance its service capability and scalability. Geoffroy Lefebvre, Chief Executive Officer, zooplus SE, said, “At zooplus our growth strategy has always been focused on leveraging data-driven insights to meet our customers’ demands. Our collaboration with Infosys to establish our new technology hub is a strategic decision driven by their AI-first strategies combined with expertise in delivering AI-powered solutions, with Infosys Topaz. We are confident that through this collaboration we will unlock greater operational efficiencies, enhance customer experience, and stay ahead in the competitive e-commerce landscape.”
  • Infosys announced a strategic collaboration with Kardex to transform its business operations using SAP S/4HANA. Thomas Reist, Chief Financial Officer of Kardex, said, “Our mission is to empower our customers to optimize their intralogistics operations, enhancing efficiency, agility, and overall success. By continually evolving our solutions and adapting to changing market demands, we aim to be the trusted partner of choice for companies seeking to boost their productivity. We are confident that our partnership with Infosys will propel us forward. With their extensive expertise in process transformation, supported by SAP solutions, and a proven track record of successful implementations, Infosys is the ideal partner to help us achieve our strategic objectives. We look forward to this collaboration as a means to advance our growth and further strengthen our position as a market leader.”
  • Infosys announced its collaboration with Southwark Council to launch its digital learning platform – Springboard in the borough. Dionne Lowndes, Chief Digital & Technology Officer, Southwark Council, said, “Partnering with Infosys to bring the Springboard platform to Southwark is a significant step towards realising our ambitious three-year digital strategy. The initiative will not only empower our residents, but local businesses too, with vital digital skills and resources. By enhancing this kind of accessibility and fostering innovation, we are working to enable our community to thrive in an ever-advancing technological world.”

2.  Recognitions & Awards

Brand

  • Awarded Silver in the India Workplace Equality Index (IWEI) 2024
  • Received the 2024 UN Women’s WEP India Award in the Gender-inclusive Workplace category
  • Received multiple recognitions at The Asset ESG Corporate Awards 2024 – Platinum Award for Excellence, Best Investor Relations Team, Best Initiative in Environmental Responsibility, and Best Initiative in Diversity and Inclusion categories
  • Received the Shorty Impact Awards in the Gender Equality category for the #SpotItToStopIt campaign

AI and Cloud Services

  • Received Binding Corporate Rules Certification from EU Data Protection Authorities
  • Positioned as a leader in Gartner Magic Quadrant for Cloud ERP Services
  • Rated as a leader in The Forrester Wave™: Automation Fabric Services, Q4 2024
  • Positioned as a leader in Microsoft Azure Services PEAK Matrix® Assessment 2024 by Everest Group
  • Recognized as a leader in IDC MarketScape: Asia/Pacific Managed Cloud Services 2024–2025 Vendor Assessment
  • Recognized as a leader in IDC MarketScape: Worldwide Adobe Experience Cloud Professional Services 2024–2025 Vendor Assessment
  • Positioned as a leader in HFS Horizons: AADA Quadfecta of Analytics, AI, Data Platforms, and Automation Services for Generative Enterprise 2024
  • Positioned as a leader in HFS Horizons: Azure Ecosystem Services Providers, 2024

Key Digital Services

  • Rated as a leader in The Forrester Wave™: Infrastructure Outsourcing Services, Q4 2024
  • Recognized as a leader in IDC MarketScape: Asia/Pacific Salesforce Implementation Services 2024–2025 Vendor Assessment
  • Recognized as a leader in IDC MarketScape: Worldwide Digital Workplace Services 2024 Vendor Assessment
  • Recognized as a leader in IDC MarketScape: European SAP Modernization Services 2024 Vendor Assessment
  • Positioned as a leader in HFS Horizons: IoT Service Providers, 2024
  • Positioned as a leader in HFS Horizons: Sustainability Services, 2024
  • Rated as a leader in Quality Engineering NEAT 2024 by NelsonHall
  • Recognized as a Market Maker in CapioIT Salesforce SI and Solutions Providers Ecosystem Capture Share Report, 2024
  • Infosys BPM won the ‘Outsourcing Impact Champion’ award at the Outsourcing Impact Review (OIR) 2024 for ‘Project Genesis’
  • Infosys BPM ranked as a Leader in ISG Provider Lens™ Quadrant Study on Procurement Services 2024
  • Infosys BPM recognized as a Leader in the IDC MarketScape: Worldwide Enterprise Analytics and AI Business Process Services for Finance and Accounting 2024 Vendor Assessment

Industry & Solutions

  • Recognized as a leader in IDC MarketScape Worldwide Life Science R&D ITO Services 2024
  • Recognized as a leader in IDC MarketScape: Worldwide Smart Insurance Producer Management Applications
  • Recognized as a leader in IDC MarketScape: Worldwide Service Providers for Utilities Customer Operations 2024 Vendor Assessment
  • Positioned as a leader in HFS Horizons: Healthcare Payer Services 2024
  • Positioned as a leader in HFS Horizons: The Best Service Providers for Commercial Banks, 2025
  • Infosys Finacle has been positioned as a Leader by Everest Group in the Wealth Management Products PEAK Matrix® Assessment 2024 Report
  • Infosys Finacle has been positioned as a Leader by Everest Group in the Consumer Loan Origination Systems (LOS) – Products PEAK Matrix® Assessment 2024 Report
  • MEA Finance Banking Technology Awards 2024: Best Composable Banking Transformation – Emirates NBD and Infosys Finacle

Read more about our Awards & Recognitions here.

About Infosys

Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.

Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release concerning our future growth prospects, our future financial or operating performance, the McCamish cybersecurity incident and the related review and notification process are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid working model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, the amount of any additional costs, including indemnities or damages or claims, resulting directly or indirectly from the McCamish cybersecurity incident and the outcome and effect of pending litigation. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024. These filings are available at https://www.sec.gov/. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

 

Infosys Limited and subsidiaries

Extracted from the Condensed Consolidated Balance Sheet under IFRS as at:                                     (Dollars in millions)

December 31, 2024

March 31, 2024

ASSETS

Current assets

Cash and cash equivalents

2,663

1,773

Current investments

933

1,548

Trade receivables

3,896

3,620

Unbilled revenue

1,318

1,531

Other current assets

1,428

2,250

Total current assets

10,238

10,722

Non-current assets

Property, plant and equipment and Right-of-use assets

2,183

2,323

Goodwill and other Intangible assets

1,508

1,042

Non-current investments

1,105

1,404

Unbilled revenue

301

213

Other non-current assets

956

819

Total non-current assets

6,053

5,801

Total assets

16,291

16,523

LIABILITIES AND EQUITY

Current liabilities

Trade payables

429

474

Unearned revenue

988

880

Employee benefit obligations

336

314

Other current liabilities and provisions

3,050

2,983

Total current liabilities

4,803

4,651

Non-current liabilities

Lease liabilities

667

767

Other non-current liabilities

465

500

Total non-current liabilities

1,132

1,267

Total liabilities

5,935

5,918

Total equity attributable to equity holders of the company

10,307

10,559

Non-controlling interests

49

46

Total equity

10,356

10,605

Total liabilities and equity

16,291

16,523

  

Extracted from the Condensed Consolidated statement of Comprehensive Income under IFRS for:

(Dollars in millions except per equity share data)

3 months ended
December 31, 2024

3 months ended
December 31, 2023

9 months ended
December 31, 2024

9 months ended
December 31, 2023

Revenues

4,939

4,663

14,547

13,997

Cost of sales

3,444

3,274

10,103

9,755

Gross profit

1,495

1,389

4,444

4,242

Operating expenses:

   Selling and marketing expenses

218

204

671

633

   Administrative expenses

224

229

693

692

Total operating expenses

442

433

1,364

1,325

Operating profit

1,053

956

3,080

2,917

Other income, net (3)

90

79

249

196

Profit before income taxes

1,143

1,035

3,329

3,113

Income tax expense

337

301

981

904

Net profit (before minority interest)

806

734

2,348

2,209

Net profit (after minority interest)

804

733

2,345

2,208

Basic EPS ($)

0.19

0.18

0.57

0.53

Diluted EPS ($)

0.19

0.18

0.56

0.53

NOTES:

  1. The above information is extracted from the audited condensed consolidated Balance sheet and Statement of Comprehensive Income for the quarter and nine months ended December 31, 2024, which have been taken on record at the Board meeting held on January 16, 2025.
  2. A Fact Sheet providing the operating metrics of the Company can be downloaded from www.infosys.com.
  3. Other income is net of Finance Cost.
  4. As the quarter and nine months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures reported for the previous quarter might not always add up to the nine months ended figures reported in this statement.

IFRS-INR Press Release : https://www.infosys.com/investors/reports-filings/quarterly-results/2024-2025/q3/documents/ifrs-inr-press-release.pdf

Fact sheet: https://www.infosys.com/investors/reports-filings/quarterly-results/2024-2025/q3/documents/fact-sheet.pdf

Smart Mobility, Seamless Journeys: APAS Leads a New Era for “Northbound Travel for Hong Kong Vehicles”


HONG KONG SAR – Media OutReach Newswire – 16 January 2025 – The Transport Department of the HKSAR Government recently announced an increase in the daily processing capacity for “Northbound Travel for Hong Kong Vehicles”, raising the limit from 400 to 500 applications per working day, reflecting a growing demand in the market. Automotive Platforms and Application Systems (APAS) R&D Centre has been actively working with professional institutions, industry stakeholders, and technical organisations in Mainland to enhance cooperation regarding the “Northbound Travel for Hong Kong Vehicles” initiative. APAS is also exploring the standardisation of electric vehicles (EV) adapters for use in Mainland, aiming to establish a series of safety guidelines for manufacturers and users to ensure that the charging adapters on the market in the market meet safety requirements.

Urgent Demand for EV Charging Adapters

As electric vehicles become more prevalent in Hong Kong, one of the main concerns for car owners driving their EVs to the Mainland is the compatibility of charging equipment. Since most electric vehicles in Hong Kong use Combined Charging System 2 (CCS2), while Mainland uses the GB/T Charging Standard. This results in differences in charging interfaces and communication systems, necessitating the use of additional charging adapters when charging abroad. Suitable charging adaptors are scarce, as there is only a limited number of suppliers offering fast-charging adapters, with prices ranging from several thousand to tens of thousands of Hong Kong dollars. However, the specifications of charging adapters in Mainland vary, and even with a fast-charging adapter, it may not provide the proper charging power for the vehicle.

Safety Hazards of Uncertified EV Charging Adapters

APAS has repeatedly alerted car owners about the safety risks associated with uncertified charging facilities. The high DC power, voltage, and current involved in fast-charging electric vehicles present significant hazards. Using non-compliant adapters may cause malfunctions or fire risks. In response to these issues, APAS has been dedicated to research and development in the fields of intelligent connected vehicles and new energy vehicles. Through collaboration and communication with professional organisations, industry stakeholders, and technical institutions, APAS aims to provide higher-quality service and support to car owners in both Mainland and Hong Kong.

Mr Yonghai DU, Chief Executive Officer of APAS, remarked, “In recent years, significant improvements in infrastructure have made cross-border travel for ‘Northbound Travel for Hong Kong Vehicles’ more convenient. The HKSAR Government’s recent decision to increase the daily processing capacity of applications to 500 demonstrates the growing demand. As the number of electric vehicles continues to rise, drivers need to understand and adapt to the traffic regulations and charging interface standards of both Hong Kong and the Mainland. To address this, APAS has developed specialised charging adapters to ensure a seamless charging experience for drivers. We look forward to using this initiative to promote innovative technology and sustainable development, contributing to Hong Kong’s efforts in building a smart city.”

Industry Experts’ Insights

As the Lunar New Year approaches, many Hong Kong residents may plan to drive to Mainland to celebrate the festive season. In response, APAS’ experts are providing a comprehensive analysis of the latest “Northbound Travel for Hong Kong Vehicles” policy and important guidelines. Additionally, industry specialists from the automotive and insurance sectors have been invited to share their professional insights.

Mr Paul LAW, MH, Chairman of Olympic (Motor) Group, noted, “With the growing presence of electric vehicles in the market, the variety of charging connectors and adapter options has significantly expanded. We are delighted to see APAS taking the lead as an industry pioneer, focusing on the development of EV charging adapters. I look forward to seeing more groundbreaking research from APAS in the future, contributing to the advancement of the industry and enhancing the consumer experience.”

Moreover, Mr Harley KWAN, President of Hong Kong Insurance Intermediaries Association shared that there are significant differences between the automotive insurance systems in Mainland and Hong Kong. In Hong Kong, car insurance typically focuses on third-party liability coverage, with a wide range of insurance products available, allowing consumers to choose based on their individual needs. In contrast, the insurance system in Mainland is more standardised, with a greater emphasis on comprehensiveness, and differing regulations regarding coverage amounts and claims procedures. He stated, ” With the increasing prevalence of electric vehicles and autonomous driving technologies, the insurance industry must adapt to new challenges. We are committed to working closely with relevant organisations to ensure that electric vehicle owners receive comprehensive coverage, supporting the healthy growth of the market.” As such, Hong Kong residents should prepare ahead of time before driving to Mainland, familiarising themselves with the differences in insurance policies between the two places to ensure they are fully protected while also safeguarding others.

Future Regulations for Charging Adapters

In response to the regulations surrounding charging adapters, APAS plans to establish a set of guidelines aimed at enhancing the safety and convenience of charging systems, ensuring that vehicle owners enjoy the best possible experience. APAS is committed to more standardised management of charging adapters in the future to safeguard the safety of car owners. The goal is to further improve the driving experience and enable more private car owners to enjoy convenient and safe cross-border travel services.

Download High-Resolution Photos HERE

Photo 1:
In his welcome speech, Mr Yonghai DU, Chief Executive Officer of APAS, highlighted that with the continuous increase in the number of electric vehicles, it is important for owners to understand the differences in traffic regulations and charging interface standards between the Mainland and Hong Kong. To address this, APAS has developed a specialised charging adapter to ensure that vehicle owners can seamlessly use charging facilities. APAS looks forward to promoting innovative technology and sustainable development through this event and contributing to the development of a smart city in Hong Kong.

Photo 2:
Mr Ralph Xu, Head of Green Transportation of APAS discusses the regulations and requirements for electric vehicle charging adapters and demonstrates the electric vehicle charging adapter equipment.

Photo 3:
Mr Paul LAW, MH, Chairman of Olympic (Motor) Group and Mr Harley KWAN, President of the Hong Kong Insurance Intermediaries Association, shares insights on the impact of “Northbound Travel for Hong Kong Vehicles”. They discussed the claims procedures for Hong Kong vehicle owners involved in accidents in the Mainland and offered valuable suggestions for future collaboration between the industry and APAS.

Photo 4:
(From Left) Mr Harley KWAN, President of the Hong Kong Insurance Intermediaries Association, Mr Yonghai DU, Chief Executive Officer of APAS and Mr Paul LAW, MH, Chairman of Olympic (Motor) Group shared the latest policy and the insurance about the “Northbound Travel for Hong Kong Vehicles”.

Photo 5:
(From Left) Mr Harley KWAN, President of the Hong Kong Insurance Intermediaries Association, Mr Yonghai DU, Chief Executive Officer of APAS, Mr Paul LAW, MH, Chairman of Olympic (Motor) Group and Mr Ralph Xu, Head of Green Transportation of APAS.

About APAS Electric Vehicle Charging Adapters Specifications:

Model Specifications
System Parameters
Rated Power 150Kw
Rated Voltage 1000V
Voltage Range 200-1000V
Current 250A
Protection Rating IP54
Input Interface GB/T 20234.3-2015
Output Interface CCS Type 2 (IEC 62196-3 Combo)
Environmental Conditions
Operating Temperature -10°C to 40°C
Storage Temperature -40°C to 70°C
Relative Humidity 0-95%
Other
Dimensions 306X92X122 mm
Net Weight < 1.5kg

Hashtag: #APAS

The issuer is solely responsible for the content of this announcement.

About Automotive Platforms and Application Systems R&D Centre (APAS)

The Automotive Platforms and Application Systems R&D Centre (APAS) was established under the R&D Centre Programme of the Innovation and Technology Commission and is hosted by the Hong Kong Productivity Council (HKPC). APAS will be fully integrated under HKPC on 1 April 2025. The Centre continues to undertake market-led R&D programmes spanning green transportation, smart mobility, and intelligent systems, as well as commercialises R&D results in collaboration with industry, universities and technology institutes to enhance the competitiveness of Hong Kong’s automotive and other transportation sectors in new energy and smart driving.

About Hong Kong Productivity Council

The Hong Kong Productivity Council (HKPC) is a multi-disciplinary organisation established by statute in 1967, to promote productivity excellence through relentless drive of world-class advanced technologies and innovative service offerings to support Hong Kong enterprises. As a nationwide leader in innovative, market-driven research and development (R&D) internationally, specialising in leading technologies and all-rounded manufacturing services, HKPC promotes new industrialisation in Hong Kong and the Greater Bay Area and facilitates the development of new productive forces, leveraging innovation and technology (I&T), as well as bolstering Hong Kong to be an international innovation and technology centre and a smart city. The Council offers comprehensive innovative solutions for Hong Kong industries and enterprises, enabling them to achieve resources and productivity utilisation, effectiveness and cost reduction, and enhance competitiveness in both local and overseas marketplace. The Council partners and collaborates with local industries and enterprises and world-class R&D institutes to develop applied technology solutions for value creation. It also benefits a variety of sectors through product innovation, technology transfer, and commercialisation, bringing enormous business opportunities ahead. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades.

In addition, HKPC offers SMEs and startups immediate and timely assistance in coping with the ever-changing business environment, and strengthens talent nurturing and Hong Kong’s competitiveness with FutureSkills training for enterprises and academia to enhance digital capabilities and STEM competencies.

For more information, please visit HKPC’s website: .

B3 live with the first phase of its new cloud-native CSD system

STOCKHOLM, Jan. 16, 2025 /PRNewswire/ — The Brazilian marketplace operator B3 has in December 2024, in partnership with Vermiculus Financial Technology, successfully deployed the initial phase of its new, elastically scalable, cloud-native CSD system.

With the new scalable CSD system, based on Vermiculus’ microservice-based VeriSafeTM product, B3 will be able to handle expansive growth in the Brazilian market, preparing for e.g., a ten-fold increase in terms of capacity.

The new CSD platform provides B3 with a state-of-the-art CSD system, supporting extended opening hours as well as new functionalities, such as new reports for its market participants. The VeriSafe™ microservice architecture also allows for rapid time-to-market.

“Our new scalable CSD system has been successfully deployed, offering immediate benefits to our participants. By taking a gradual, soft-launch approach, we’ve ensured a seamless transition while maintaining stability and continuity for all users. This technology enabling us to scale effectively while introducing innovative functionalities to enhance operational efficiency for our participants,” comments Viviane Basso, B3’s Chief Operating Officer – Issuers, Depository and OTC.

The scalable Vermiculus CSD system, VeriSafeTM, is designed to meet the demands of large and complex depositories, capable of handling exceptional volume peaks while supporting a wide range of asset types and complex corporate actions. By using a unique microservice architecture, the system enables full efficiency whilst remaining reliable and robust.

“We have together designed a brilliant approach to a phased replacement of the current CSD, where we are combining a stable roll-over with providing market value from the very beginning. By initially running in parallel with the existing CSD, we ensure stability in the changeover. More importantly, we provide great value to the market, as we provide desired new functionality and market output to the participants from the very beginning,” says Taraneh Derayati, CEO of Vermiculus.

Parallel with the deployment of phase 1, B3 and Vermiculus continue to work on second phase of the CSD project, where a wide range of different transaction types will be re-directed and processed directly by the VeriSafe system, making it the golden source of depository information. This iterative development will allow for continuous improvements, positioning the new CSD system as an adaptable and resilient solution in a rapidly changing market.

Taraneh Derayati, CEO of Vermiculus; Viviane Basso, B3’s Chief Operating Officer – Issuers, Depository and OTC

About Vermiculus Financial Technology

Vermiculus Financial Technology AB provides cutting-edge trading, clearing, and CSD solutions to market participants around the world. Vermiculus’ solutions are the first to bring state-of-the-art advances in dynamic microservice architecture together with vast experience in clearing house, exchange, and CSD business requirements.

The company started its operation in 2020 and is founded by industry experts with the incentive to revolutionize the technology of exchanges, clearing houses, and CSDs. With its headquarters in Stockholm, Sweden, Vermiculus consists of hand-picked teams, trained to deliver mission-critical solutions. With decades of accumulated knowledge and expertise, the team has previously completed 75+ projects for the world’s largest exchanges, clearing houses, and CSDs.

For further information, please contact:
Amelie Hedenstierna – PR & Communications
Vermiculus Financial Technology
Tel +46-(0)73 622 24 54
amelie.hedenstierna@vermiculus.se

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/vermiculusft/r/b3-live-with-the-first-phase-of-its-new-cloud-native-csd-system,c4092267

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