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PR Newswire

Differentiated Cloud Services and Large Deal Momentum Drive Infosys’ Highest Annual Growth in a Decade

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Strong Revenue growth guidance of 13%-15% and operating margin guidance of 21%-23% for FY23

BENGALURU, India, April 13, 2022 /PRNewswire/ — Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $16.3 billion in revenues with the highest annual growth in the last decade of 19.7% in constant currency with a robust operating margin of 23.0%. Growth was broad-based, supported by continued momentum in large deal wins with TCV of $9.5 billion. EPS grew by 15.2% in rupee terms. FCF crossed $3 billion for the year.

Q4 sequential growth was 1.2% in constant currency with operating margin of 21.5%. TCV of large deal wins was $2.3 billion in Q4.

“Infosys delivered highest annual growth in a decade with broad-based performance driven by deeply differentiated digital and Infosys Cobalt led cloud capabilities, powered by ‘One Infosys’ approach. We continue to gain market share as a result of sustained clients’ confidence in our ability to successfully navigate their digital journeys,” said Salil Parekh CEO and MD. “With the acceleration of digital disruptions across industries, we see immense potential to engage and partner with clients as they transform, adapt and thrive. We will scale talent globally, invest in employees and accelerate innovation and digital capabilities to capitalize on the expanding market opportunities,” he added.

38.8% YoY
41.2% FY
CC Digital growth

20.6% YoY
19.7% FY
CC Revenue growth

21.5% Q4
23.0% FY
Operating margin

13.4% YoY
15.2% FY
Increase in EPS 
(₹ terms)

$2.3 bn Q4
$9.5 bn FY
Large deal TCV

Guidance for FY23:

  • Revenue growth of 13%-15% in constant currency
  • Operating margin of 21%-23%
  1. Key financial highlights:

For the quarter ended March 31, 2022

  • Revenues in CC terms grew by 20.6% YoY and 1.2% QoQ
  • Reported revenues at $4,280 million, growth of 18.5% YoY
  • Digital revenues at 59.2% of total revenues,
    YoY CC growth of 38.8%
  • Operating margin at 21.5%, decline of 3.0% YoY
  • Basic EPS at $0.18, growth of 9.2% YoY
  • FCF at $761 million, decline of 4.8% YoY;
    FCF conversion at 101.0% of net profit

For the year ended March 31, 2022

  • Revenues in CC terms grew by 19.7% YoY
  • Reported revenues at $16,311 million, growth of 20.3% YoY
  • Digital revenues at 57.0% of total revenues,
    YoY CC growth of 41.2%
  • Operating margin at 23.0%, decline of 1.5% YoY
  • Basic EPS at $0.70, growth of 14.3% YoY
  • FCF at $3,055 million, growth of 2.8% YoY;
    FCF conversion at 102.9% of net profit

“In a year marked by intense supply side challenges, Infosys delivered strong financial performance – EPS growth of 15.2%, Free Cash Flows surpassing $3 billion and Return on Equity of 29.1%, reflecting the company’s success, driven by client-centricity and rich capabilities. The Board has proposed a final dividend of ₹16 per share, taking the total dividend for FY22 to ₹31 per share, an increase of 14.8% over prior year,” said Nilanjan Roy, Chief Financial Officer. “With a robust demand environment ahead, we envisage making appropriate long-term investments in capability building across sales, delivery and innovation. However, we plan to neutralize some of the impact through aggressive cost optimization programs and value led pricing driven by service and brand differentiation. This, along with post-pandemic normalization of expenses, is reflected in the margin guidance,” he added.

2.  Capital allocation

For FY22, the Board has recommended a final dividend of ₹16 per share ($0.21 per ADS*). Together with the interim dividend of ₹15 per share already paid, the total dividend per share for FY22 will amount to ₹31 (app. $0.41 per ADS*) which is a 14.8% increase over FY21. With this, the company has announced total dividend of approx. ₹13,000 crore (approx. $1.74 billion*) for FY22.

*USD-INR rate of 75.00

3.  Client wins & Testimonials

  • Infosys launched Infosys Metaverse Foundry, an integral part of Infosys Living Labs to accelerate enterprises’ ability to evolve and execute strategies for virtual-physical interconnections. Daniel Schumacher, Head of Global IT Applications and Digital Innovation, Komatsu, said, “Our strategic foresight and transformation roadmap point to the rapid acceleration of digital ecosystems, and we are looking to bring its value to all facets of our business – both as we know them today and to what we can create for the future. We are excited to partner with Infosys metaverse foundry to uncover the most significant investment we must make in the virtual world and plant seeds today that are most likely to bear fruit for our future.”
  • Infosys collaborated with E.ON for its Digital Workplace Transformation across multiple services. “We were looking for an innovative and future oriented partner for our entire workplace transformation journey. We are delighted to have Infosys as E.ON’s digital workplace partner, supporting 75K+ users across 12 countries for all their workplace needs. This collaboration cuts across services that include IT Service Desk, End User Devices, Unified Communication and Collaboration and IT Service Management. Infosys is also engaging with E.ON for multiple other initiatives as our strategic transformation partner. We are confident that this collaboration will be a great enabler in our ongoing digital transformation journey,” said, David Benkelberg, Head of User Services, E.ON.
  • Infosys collaborated with Telenor Norway to transform its finance and supply chain operations through standardized, Oracle Cloud ERP solution. Terje Borge, CFO, Telenor Norway, said, “Telenor Norway needs to continuously raise the bar in its operational performance to serve as the trusted digital partner for its consumer and enterprise customers. IT as a business enabler plays a critical role in this objective. The ERP transformation program is one of the steps in making Telenor agile and efficient.”
  • Infosys Finacle enabled WhatsApp Baking for Union Bank of India. The new service, called Union Virtual Connect (UVConn), will provide customers personalized and daily banking services. Shri Rajkiran Rai G, Managing Director & CEO, Union Bank of India, said, “It has always been our endeavor to build lasting relationships with customers by offering simple, fast, and contextual banking solutions and experiences with improved convenience. In line with this vision, we have introduced this service on WhatsApp, one of the most popular instant messaging applications in the world. Our retail customers can execute a host of their banking requirements on their own, without visiting a branch, instantaneously and securely. With Finacle Conversational Banking and Remote Banker we can now tap into the growing prominence of social media in everyday life. We expect this simple and convenient form of banking to add immense convenience to our customers and hope to see its rapid adoption in the months to come.”
  • Nu Skin, a leading health, beauty and wellness company with businesses in over 50 countries, collaborated with Infosys to achieve their vision of becoming a next generation social commerce enterprise. Ryan Napierski, President and CEO, Nu Skin said, “At Nu Skin, we are delighted to partner with Infosys for our transformation into a next-gen social commerce enterprise. Key to this is our collaborative work to provide personalized and engaging consumer journeys to build customer loyalty and help fuel our future growth.”

4.  Recognitions

  • Recognized as one of the 2022 World’s Most Ethical Companies by Ethisphere
  • Recognized as the fastest-growing IT services brand by Brand Finance, the world’s leading brand valuation firm, in its Global 500, 2022 report
  • Awarded Global Top Employer 2022 certification in 22 countries across Asia Pacific, Europe, the Middle East, and North America in recognition of its outstanding strategies and people practices
  • Received Brandon Hall Group’s Organizational Excellence Certification for demonstrating best-in-class talent acquisition strategy and human capital management practices
  • Certified as a Great Place to Work® for excellence in its employment practices in Canada for 2022
  • Ranked among top 100 listed companies in India for receiving the highest score on ESG by Stakeholders Empowerment Services (SES)
  • Received LEED Platinum certification from US Green Building Council for 4 buildings, situated in Indianapolis, Bengaluru, Mysuru and Thiruvananthapuram, with a total area of 2.15 million sq.ft.
  • Ranked in Everest Group PEAK Matrix® IT Service Provider of the Year
  • Positioned as a leader in Gartner Magic Quadrant for Data and Analytics Service Providers
  • Infosys Finacle positioned as a leader in Gartner Magic Quadrant for Global Retail Core Banking for Finacle Core Banking Solution
  • Ranked as a leader in Everest Cloud Services PEAK Matrix® Assessment 2022 – North America
  • Rated as a leader in HFS Top 10 Digital Associates Services 2022
  • Positioned as a Leader in ‘Banking Digital Services’ ISG Provider Lens™ Study for U.S., UK and Nordics regions
  • Ranked as a leader in Everest Cloud Services PEAK Matrix® Assessment 2022 – Europe
  • Positioned as a leader in NelsonHall Quality Engineering NEAT 2022
  • Ranked as a leader in HFS Top 10 Energy Transition Services Top 10 Snapshot, 2022
  • Rated as a leader in Avasant’s Healthcare Payor Digital Services 2022-2023 RadarView™
  • Positioned as a Leader in ‘Mainframes Services and Solutions’2022 ISG Provider Lens™
  • Positioned as a leader in PAC RADAR SAP Services in Germany 2021
  • Rated as a leader in Avasant’s Multisourcing Service Integration 2021-2022 RadarView™
  • Rated as a leader in Everest Digital Product Engineering Services PEAK Matrix® Assessment 2022
  • Positioned as a leader in HFS Top 10 Application Modernization Services, 2022
  • Positioned as a leader in Everest Oracle Cloud Applications (OCA) Services PEAK Matrix® Assessment 2022
  • Rated as a leader in NelsonHall Digital Banking Services NEAT 2022
  • Positioned as a leader in HFS Utilities Services Top 10, 2022
  • Rated as a leader in Everest Advanced Analytics and Insights (AA&I) Services PEAK Matrix® Assessment 2022
  • Rated as a leader in HFS Top 10 Retail and CPG Services, 2022
  • Positioned as a Leader in ‘Healthcare Digital Services’ ISG Provider Lens™ Study for U.S. region
  • Infosys Finacle positioned as a Leader by Everest Group in the Consumer Loan Origination System Products Peak Matrix Assessment 2022 report
  • Infosys Finacle was a winner at the Finnovex Awards Qatar 2022 under the ‘Excellence in Payments’ category for its Finacle Payments Suite

About Infosys

Infosys is a global leader in next-generation digital services and consulting. We enable clients in more than 50 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.

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

Safe Harbor

“Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders 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 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 COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2021. These filings are available at 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 million) 

March 31, 2022

March 31, 2021

ASSETS

Current assets

Cash and cash equivalents

2,305

3,380

Current investments

880

320

Trade receivables

2,995

2,639

Unbilled revenue

1,526

1,030

Other Current assets

1,159

938

Total current assets

8,865

8,307

Non-current assets

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

2,429

2,519

Goodwill and other Intangible assets

1,042

1,115

Non-current investments

1,801

1,623

Unbilled revenue

124

81

Other non-current assets

1,294

1,180

Total non-current assets

6,690

6,518

Total assets

15,555

14,825

LIABILITIES AND EQUITY

Current liabilities

Trade payables

545

362

Unearned revenue

834

554

Employee benefit obligations

288

276

Other current liabilities and provisions

2,766

2,072

Total current liabilities

4,433

3,264

Non-current liabilities

Lease liabilities

607

627

Other non-current liabilities

521

432

Total non-current liabilities

1,128

1,059

Total liabilities

5,561

4,323

Total equity attributable to equity holders of the company

9,941

10,442

Non-controlling interests

53

60

Total equity

9,994

10,502

Total liabilities and equity

15,555

14,825

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

(Dollars in million except per equity share data)

3 months ended
March 31, 2022

3 months ended
March 31, 2021

Year ended
March 31, 2022

Year ended
March 31, 2021

Revenues

4,280

3,613

16,311

13,561

Cost of sales

2,955

2,357

10,996

8,828

Gross profit

1,325

1,256

5,315

4,733

Operating expenses:

   Selling and marketing expenses

179

165

692

624

   Administrative expenses

226

207

868

784

Total operating expenses

405

372

1,560

1,408

Operating profit

920

884

3,755

3,325

Other income, net (3)

78

68

281

271

Profit before income taxes

998

952

4,036

3,596

Income tax expense 

245

255

1,068

973

Net profit (before minority interest)

753

697

2,968

2,623

Net profit (after minority interest)

752

697

2,963

2,613

Basic EPS ($)

0.18

0.16

0.70

0.62

Diluted EPS ($)

0.18

0.16

0.70

0.61

NOTES:

  1. The above information is extracted from the audited condensed consolidated Balance sheet and Statement of Comprehensive Income for the quarter and year ended March 31,2022 which have been taken on record at the Board meeting held on April 13, 2022.
  2. A Fact Sheet providing the operating metrics of the Company can be downloaded from www.infosys.com.
  3. Other Income includes Finance Cost.

IFRS-INR Press Release: https://www.infosys.com/investors/reports-filings/quarterly-results/2021-2022/q4/documents/ifrs-inr-press-release.pdf

Fact sheet: https://www.infosys.com/investors/reports-filings/quarterly-results/2021-2022/q4/documents/fact-sheet.pdf

PR Newswire

Connect Selects and Deploys IPLOOK as Foundation for 4G Fixed Wireless Access Solution

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IPLOOK’s FWA solution enables Connect to deliver fast and reliable 4G LTE Connectivity to Residential and Enterprise Customers while significantly lowering TCO

HONG KONG, April 9, 2022 /PRNewswire/ — IPLOOK Technologies, the leader in end-to-end mobile network solution, announced it has been selected by Connect, one of the leading Wireless Internet Service Providers (WISPs) in Lebanon, to deploy 4G Fixed Wireless Access (FWA) solution, delivering ultra-fast connections and rich customer experience for residentials and enterprises.

In the highly competitive Lebanon market, the region has the demand for high-bandwidth services. As one of the leaders in telecommunications, Connect is committed to bringing state-of-the-art internet and intranet services to Lebanon‘ s people at a competitive price. After a range of full-scale and trusted validation, IPLOOK was successfully selected to deploy the full turnkey 4G mobile network solution, that will provide high-speed broadband service to areas where fiber is unavailable or very expensive to build.

With IPLOOK’ s help, Connect delivered a fast and reliable LTE network offering to residential and enterprise customers across Beirut, that will usher in a new phase of growth. Connect expects to significantly upgrade its 5G network in the near future and develop more advancing network services to better meet the requirements from its customers.

“Connect is an instant high-speed wireless broadband internet provider, that allows you to get connected anywhere you go,” said Jubran El Ayan, CTO of Lebanon Connect. “We’ve selected IPLOOK as it is the best company capable of fulfilling our requirement for a scalable EPC (4G core network) platform. Moreover, they are pragmatic, flexible and with timely manner for service.”

“IPLOOK is honored to become the trusted partner of Connect. Our flexible FWA solution enables Connect to rapidly roll out 4G services to address their customers’ needs and win in the marketplace. In the future, we will continue to support the upgrade of 5G network.” said Frank Li, Sales Director in MENA Region at IPLOOK Technologies.

Contact us:
E-mail: info@iplook.com

About Connect
Connect seeks to keep delivering the latest broadband services in the field, preserving a true competitive advantage and meeting all customer expectations. Being connected with people, whenever and wherever they are in the fast-paced world, inspired Connect to deliver an extensive line-up that comprises Virtual Private LAN Service (VPLS), high quality high-speed wireless broadband access as well as data centre and hosting solutions.
More information can be found at: http://www.connect.net.lb 

About IPLOOK
Established in 2012, IPLOOK Technologies is a leading vendor of 4G/5G networking solutions, offers a complete line of products for mobile operators, mobile virtual operators, service providers, enterprises and industrial markets. We help build, expand and optimize your networks to fulfill the growing connectivity needs, with a dramatically lower cost of ownership.

Reach out more at https://www.iplook.com/. Follow IPLOOK on LinkedIn @IPLOOK Technologies

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PR Newswire

GIGABYTE April Fool Promo – Only a Fool Would Miss These Deals

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TAIPEI, April 1, 2022 /PRNewswire/ — In recent years, GIGABYTE has been the fastest growing brand in the monitor and laptop market, especially making a huge splash with their 4K family of monitors. Today Gigabyte launched their April Fool’s Sale with up to $700 in savings, which will be live from 4/1/22 – 4/8/22. During this sale, customers can take advantage of the lowest prices ever seen on some of their most popular monitors and gaming laptops. There has never been a better time to gear up your favorite gamer.

Only a Fool Would Miss These Deals!
Only a Fool Would Miss These Deals!

Gaming enthusiasts will want to check out the top selling AORUS 15P KD, powered by an Intel Core i7 CPU and NVIDIA GeForce RTX 3070 and backed by a 240Hz blazing fast refresh panel is a gamers dream come true.

There’s something for everyone and new gamers can consider GIGABYTE G5 GD. It is the perfect way to gear up with an Intel Core i5, NVIDIA RTX 3050 graphics. Its fast 144Hz refresh screen provides gamers with the competitive edge over all opponents.

4K gaming has never been so affordable. The M32U Gaming Monitor pairs massive amounts of screen real estate with the crisp resolution of 4K. It’s packed with premium features such as 144Hz refresh rate and can control several devices with KVM functionality.

Stay ahead of the curve with the G27FC-A, a 27″ curved gaming monitor with a 165Hz refresh rate and Gigabyte Tactical Features which comes with several built in gaming utilities.

Lock in these historically low prices and head over to: https://www.gigabyte.com/us/no-joke-sale/

This promotion is for US and Canada only.

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PR Newswire

Ericsson Annual Report on Form 20-F filed with the SEC

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STOCKHOLM, March 26, 2022 — On March 25, 2022, Ericsson (NASDAQ: ERIC) filed its Annual Report on Form 20-F for the year ended December 31, 2021, with the U.S. Securities and Exchange Commission (SEC).

The Annual Report is available on Ericsson’s website at https://www.ericsson.com/en/investors. Shareholders may request a hard copy of the Annual Report by contacting the company.

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About Ericsson
Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

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Ericsson Annual Report on Form 20-F filed with the SEC
PR Newswire

ZTE, China Mobile and NR Electric win GTI 2022 Market Development Award

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SHENZHEN, China, March 4, 2022 — ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the mobile internet, today announced that it has won the GTI 2022 "Market Development Award" for its 5G TSN Deterministic Network for Green Power Grid, which was designed and developed together with China Mobile and NR Electric.

In the power grid field, greenhouse gas emissions are huge, and efficient use of clean new energy such as wind and solar energy is an effective means to achieve "Emission peak and carbon neutrality". However, wind power and solar energy are easily affected by the weather and regions, bringing challenges to new energy integration into the grid. Consequently, accurate measurement, control, and real-time interaction are required when conventional mobile network mechanism cannot meet the strict network requirements of the power industry.

To solve this problem, ZTE has released the Time Promised Communication (TPC) solution, which integrates 5G TSN/5G LAN/URLLC/SLA accurate control related to time-sensitive networks as defined by 3GPP Release 16. The TPC solution combines software and hardware to effectively solve the network latency and jitter caused by traffic conflicts. It is combined with the slicing technology to reduce 5G end-to-end latency, guarantees the determinacy of the communication network, and satisfies the super-high reliability requirements of the power grid.

Instead of optical cables, the TPC solution enables flexible access to the last mile, greatly reducing communication network construction costs. The solution can be widely used in power grid scenarios, such as power differential protection, power distribution automation, phasor measurement technology (PMU), and accurate grid load scheduling. It accelerates the deployment of new energy such as solar energy and wind energy, achieves efficient coordination of power storage, and helps the power industry achieve strategic objectives of "emission peak and carbon neutrality."

GTI is dedicated to building a global platform of communication technology and promoting a prosperous ecosystem. GTI summit 2022, with the theme of "5G & Decarbonization" has focused on the current situation and strategy of 5G development, as well as how technology innovation will play a role in reaching the goal of carbon neutral and Net Zero. This award is highly recognized in the fields of 5G technology innovation, end-to-end product capability and network architecture verification.

This award further verifies the high application values and the broad prospects of 5G TSN technology. ZTE and China Mobile will promote TPC solution maturity together with R17 technology evolution.The TPC solution can be widely used in the industrial Internet field, including applications in key industries such as power, industry, logistics and healthcare, to significantly improve industrial productivity, operational efficiency and accelerate 5G business innovations.

ZTE has carried out deep cooperation with industry partners to achieve in-depth integration of IT and OT, help enterprises achieve flexible production, improve resources usage efficiency, and build a green and low-carbon industrial ecosystem.

Media Contacts:

Margaret Ma
ZTE Corporation
Tel: +86 755 26775189
Email: ma.gaili@zte.com.cn

PR Newswire

Huawei Releases IntelligentRAN Wireless Architecture

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SHANGHAI, Feb. 25, 2022 — Huawei unveiled IntelligentRAN, its new wireless network architecture, at the Pre-MWC Briefing and Product and Solution Launch event. This architecture is designed to help carriers build autonomous networks using service operation intelligence, experience optimization, and simplified O&M.

Huawei’s Vice President and Chief Marketing Officer of Wireless Solutions Gan Bin spoke at the launch, explaining how key technologies were incorporated into the architecture to support ADN over wireless networks: "Intelligence improves wireless networks greatly by supporting correlative data analysis and prediction to make decisions more adaptive. This is where IntelligentRAN comes in. It will enable networks to realize zero service waiting, consistent experience, zero network faults, and optimal experience and energy efficiency. Using Mobile Intelligent Engine (MIE), it will better coordinate data, models, and decisions between base stations and networks, paving the way to wireless intelligence."

5G has caused a huge increase in the number of personal, industry, and home applications available in the wireless market. As these services increase, network performance requirements are similarly diversifying in terms of coverage, capacity, and latency. Interference between cells, a long-standing problem in mobile networks, is also hindering operators’ attempts to provide consistent experience. And of course, as traffic increases, so will energy consumption. To cope with these challenges, operators are increasingly relying on intelligent wireless networks to quickly roll out services while using the best frequency band combination to ensure optimal experiences. They now look to user-centric networks for resource configuration and simplified O&M to operate with optimal experience and energy efficiency.

Gan Bin unveils Huawei’s new IntelligentRAN wireless network architecture
Gan Bin unveils Huawei’s new IntelligentRAN wireless network architecture

Huawei’s new IntelligentRAN allows intelligent air interfaces to use key technologies such as smart grids, scheduling dictionaries, and channel graphs. With these tools, they can intelligently configure air interface resources and achieve optimal user experience and capacity. Service prediction with IntelligentRAN also guides non-real-time spectrum and channel selection on the network side and real-time symbol scheduling and transmit power configuration on the base station side. This significantly reduces energy consumption across the entire network.

In addition, IntelligentRAN enables intelligent SLA site planning, where parameters are dynamically configured and models can be adjusted flexibly in response to service changes.

Networks with IntelligentRAN also benefit from intelligent O&M. They can self-learn the features of faults to improve fault detection accurately and root cause analysis. This replaces passive responses with proactive maintenance, bringing us a step closer to zero-fault wireless networks. Intelligent minimum drive tests (MDTs) can also work with Massive MIMO to build an all-round high-precision map for network performance. This provides more accurate guidance for network planning, optimization, and VIP user assurance.

IntelligentRAN uses collaborative power control to considerably reduce electromagnetic radiation intensity while ensuring optimal multi-band performance. This feature will help meet the power restriction requirements now found in some countries.

Gan closed out his remarks by explaining how important Huawei believes this new architecture will be for sustainable development efforts: "IntelligentRAN enables autonomous networks. It will empower industries, accelerate industry transformation, and promote sustainable development of the mobile industry and a digital world. We hope to work with operators and industry partners to better fulfill this goal."

PR Newswire

Hitachi Solutions Wins Microsoft Malaysia Business Applications Partner of the Year 2021 Award

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– Hitachi Solutions further cements its position as a leader in accelerating digital transformation across industry verticals in the ASEAN region.

KUALA LUMPUR, Malaysia, Feb. 22, 2022 — Hitachi Solutions, a leading provider of global industry solutions running on Microsoft Azure, is excited to announce its recognition as the 2021 Microsoft Business Applications Partner of the Year by Microsoft Malaysia.

The Microsoft Malaysia Partner Awards 2021 acknowledges outstanding success and implementations by partners in a variety of categories, recognizing partners that have brought innovative solutions to the forefront in order to solve complex business pains and challenges for customers from cloud to edge.

In the Business Applications category, Hitachi Solutions showcased exceptional work and dedication demonstrating excellence in innovation and implementation of customer solutions grounded on Microsoft technology.

"We are honored that Microsoft Malaysia recognizes our deep commitment as one of its partners in the highly competitive Business Applications landscape," said Kazunori Miyabayashi, President of Hitachi Solutions Asia Pacific. "Through our strong capabilities and immense experience in transforming new and existing on-premises customers into the cloud, we continuously aim to encourage our customers to adopt the latest Microsoft applications to meet their emerging needs and make wiser business decisions."

Commenting on the win, K Raman, Managing Director of Microsoft Malaysia, said, "As technological solutions become more advanced and increasingly complexed, having the right partner to drive digital transformation for our customers is crucial. Over the past year, Hitachi Solutions has demonstrated excellence not only by staying innovative, but also using their technical knowledge of Microsoft’s Dynamics 365 solutions to address the needs of each customer, and we are pleased to name them Microsoft Malaysia’s Business Applications Partner of the Year for 2021."

About Hitachi Solutions Asia Pacific Pte. Ltd.

Hitachi Solutions Asia Pacific helps its customers successfully compete with the largest global enterprises using powerful, easy-to-use, and affordable industry solutions built on the Microsoft Cloud. Hitachi Solutions provides global capabilities with regional offices in the United States, Canada, Europe, India/Middle East, Japan, and Asia Pacific. For more information, please visit: https://global.hitachi-solutions.com/.

About Hitachi Solutions, Ltd.

Hitachi Solutions, Ltd., headquartered in Tokyo, Japan, is a core member of the Information & Telecommunication Systems business of Hitachi Group and a recognized leader in delivering proven business and IT strategies and solutions to companies across many industries. The company provides value-driven services throughout the IT life cycle from systems planning to systems integration, operation, and maintenance. Hitachi Solutions delivers products and services of superior value to customers worldwide through key subsidiaries in North America, Europe, India/Middle East, and Asia Pacific. For more information on Hitachi Solutions, please visit:  https://www.hitachi-solutions.com/.

 

Media contacts:

Nina Gonzales

Associate Director – Marketing & Sales Ops

Hitachi Solutions Asia Pacific

info@hitachisolutions.com

 

Jamie Turalba

Sr. Marketing Specialist

Hitachi Solutions Asia Pacific

info@hitachisolutions.com
PR Newswire

LG Energy Solution Announces Fourth Quarter and FY 2021 Results

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  • Reports quarterly revenue of KRW 4.44 trillion, 10.2 percent higher than previous quarter; operating profit at KRW 76 billion
  • Targets revenue goal of KRW19.2 trillion with plans to spend KRW 6.3 trillion in capital expenditures for 2022

SEOUL, South Korea, Feb. 8, 2022 — LG Energy Solution (LGES; KRX: 373220) today reported solid performance in the fourth quarter of 2021, with consolidated revenue of KRW 4.44 trillion, up 10.2 percent from the previous quarter. The quarterly revenue growth was mainly driven by robust demand of pouch and cylindrical battery cells for electrical vehicles and small-sized pouch batteries for IT devices. The company posted consolidated operating profit of KRW 76 billion, since turning to profit in the fourth quarter.

For the full year, LGES reported KRW 17.85 trillion in revenue, up 42 percent from 2020. Annual operating profit was at KRW 768.5 billion while operating profit margin was 4.3 percent. The booming performance comes on the back of solid demand for electric vehicles as well as cylindrical batteries for EVs and light EVs.  

The annual earnings result took multiple factors into account, including a voluntary recall with General Motors for Chevrolet Bolt EV batteries, a recall of batteries for energy storage system (ESS) and a lump-sum payment of license fee from another industry player. Were it not for these one-time factors, LG Energy Solution’s annual revenue would stand at KRW 16.86 trillion, its operating profit at KRW 917.9 billion.

In 2022, LGES expects its revenue to reach KRW 19.2 trillion, up 8 percent on-year, over expectations of steady EV market growth. Without the aforementioned one-off factor, the revenue would be 14 percent higher, on-year.

In 2022, LGES plans to steadily expand its manufacturing capacity as its major partnering automakers plan to introduce new lineups of electric vehicles. LG Energy Solution is forecasting to see an improved market condition as the global chip shortage is expected to ease in the latter half of the year.

In preparation of the upcoming boost in global EV sales, LG Energy Solution is putting KRW 6.3 trillion in capital expenditures, up 58 percent compared to last year. With it, LGES aims to finance capacity expansion at its global manufacturing facilities including JV plants with GM.

"LG Energy Solution will excel by prioritizing the fundamentals of quality and securing profitability," said Youngsoo Kwon, CEO of LG Energy Solution. "LGES will continue to move forward with bold investment plans needed in the long run. We are confident our business model of preparing for the future will definitely help us lead the industry."

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About LG Energy Solution

LG Energy Solution (KRX: 373220) is a global leader delivering advanced lithium-ion batteries for Electric Vehicles (EV), Mobility & IT applications, and Energy Storage Systems (ESS). With 30 years of experience in advanced battery technology, it continues to grow rapidly towards the realization of sustainable life. With its robust global network that spans the US, Europe, Asia, and Australia, LG Energy Solution is more committed than ever to developing innovative technologies that will bring the future energy a step closer. Under its ESG vision "We CHARGE toward a better future," LG Energy Solution is doing its utmost to prioritize environment, fulfil social responsibilities and shape sustainable future. For more information, please visit https://www.lgensol.com.

Contact:
Sally Seung Yeon Lee
Global Communications Team / LG Energy Solution
lsyciel@lgensol.com
+ 82 2 3773 6571

Ashlee Semin Shin
Global Communications Team / LG Energy Solution
ashin0@lgensol.com 
+ 82 2 3773 4381

PR Newswire

Microland Names Navneet Khandelwal as Chief Financial Officer

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ATLANTA, BENGALURU, India and LONDON, Feb. 1, 2022 — Microland, India’s leading digital IT transformation company announced today that Navneet Khandelwal will be joining the Bangalore-HQ’d company as Chief Financial Officer.

Microland Names Navneet Khandelwal as Chief Financial Officer
Microland Names Navneet Khandelwal as Chief Financial Officer

Navneet will assume the CFO role from S Raja Gopalan who announced his retirement after serving 21 years with the company. Navneet will report to Microland Chairman & Managing Director Pradeep Kar and will oversee Microland’s overall Finance Function, Investor relations, Legal & Compliance, General Administration Services, Procurement and Risk & Compliance functions of the company.

Navneet joins Microland from Zensar Technologies, a listed IT services company where he was the CFO of the company for 4 years. He has extensive expertise in global strategy, financial planning and operations, and mergers and acquisitions, and two decades of experience in the IT industry. 

Prior to joining Zensar, Navneet was with Wipro for 17years and his last assignment at Wipro was as the CFO for Wipro’s Digital business and in addition, he was the Strategic Finance Partner heading the Business Finance function for the Manufacturing and Healthcare businesses.

"We’re excited to have Navneet Khandelwal join Microland as CFO," said Pradeep Kar, Chairman & Managing Director of Microland. "He has two decades of experience in the technology industry and his extensive expertise in finance, operations and global strategy make him the ideal choice to drive Microland’s continued growth and profitability." Kar added, "I would like to thank S Raja Gopalan for his significant contributions to Microland’s success over the last two decades and wish him well in his retirement."

Navneet holds a Bachelor’s Degree in Commerce and is a certified Chartered Accountant.

About Microland

Microland’s commitment to "Making Digital Happen" allows technology to do more and intrude less. We make it easier for enterprises to transition to Next-Gen digital infrastructure through our extensive service portfolio including Cloud and Data Center, Networks, Digital Workplace, Cybersecurity and Industrial IoT. We ensure that the embrace of the digital services is predictable, reliable and stable.

In the COVID impacted world, Microland is making digital happen for enterprises with focus on services that are more relevant to our clients and prospects than before, guaranteeing business outcomes.  

Incorporated in 1989 and headquartered in Bengaluru, India, Microland has more than 4,500 digital specialists across offices and delivery centers in Asia, Australia, Europe, Middle East and North America.

Read more here: https://www.microland.com/

PR Newswire

Abracon’s COO, Tony Roybal, Expands Role as President and Chief Operating Officer

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AUSTIN, Texas, Jan. 15, 2022 — Abracon, LLC (Abracon), an industry leader in passive components, is pleased to announce Tony Roybal’s position as the company’s newly appointed President and Chief Operating Officer. Roybal joined Abracon’s executive leadership team in October 2021 and will continue reporting to CEO, Mike Calabria. In his elevated role, Tony will lead the global sales, engineering, and marketing teams.

Tony Roybal, President and COO
Tony Roybal, President and COO

Roybal began his career in 1991 as a Sales Engineer at Hamilton Avnet before spending 25 years in various leadership positions at Motorola Semiconductor and onsemi. Most recently, as the former President of Avnet Americas for the past three and half years, Roybal spearheaded a strategic turnaround and propelled the business to deliver record results.

"Tony’s outstanding track record and leadership skills support his increased responsibility. His strategic outlook and execution are already taking shape and are playing a central role in our future growth plans," said Calabria.

"Since I joined Abracon, I’ve been impressed with the pace of innovation around new products and our commitment to supporting our customers and channel partners around the globe. I look forward to continuing to support the company’s success by focusing on growth initiatives to take the business to the next level," said Roybal.

About Abracon, LLC

Founded in 1992, Abracon, LLC is an industry leader in passive components, providing frequency control & timing devices, RF & antenna, and inductor & connectivity solutions through a global distribution network. Headquartered in Spicewood, Texas, Abracon has sales, engineering, and operations teams around the globe. With service, quality, and technical expertise at the company’s core, Abracon powers the AEL Crystals, Ecliptek, Fox, ILSI, and the ProAnt brands while enabling innovative, connected IoT solutions in markets spanning data communication, transportation, industrial, medical, aerospace, defense and beyond. Learn more at www.abracon.com.