Infosys Limited INFY recently announced that it has entered into a partnership with the global online learning company Udacity to train employees in Self-Driving Car Engineer Nanodegree program. This deal will offer Infosys’s employees a combined in-person and online training. With Infosys focusing on autonomous technology across a range of industries, including manufacturing, automotive as well as mining, the Udacity Connect program will help the employees learn the required skills.
Per the agreement, the 20-week program will offer training services on engineering technologies for self-driving vehicles, including machine learning as well as advanced courses in deep learning. Moreover, the program participants will engage in six-week apprenticeships, to work for the company clients’ solutions for most of their critical challenges.
The program aims to train 500 engineers by the end of next year. Additionally, the company will hold a competition to identify the company’s finest talent who will select the first 100 participants for the program.
In recent times, Infosys has been strengthening its core competencies by pursuing strategic collaborations and acquisitions. Over the past few quarters, Infosys have collaborated with biggies for fortifying its portfolio and market share. To fortify engineering services, it has teamed up with General Electric to deliver solutions in the field of automation, digital trends and Internet of Things.
Moreover, the company’s Renew New strategy has helped reap multiple benefits, including renewal of traditional services, winning deals, introduction of services, monetization from key initiatives such as Zero Distance and improvement of employee engagement. Infosys’ continued focus on commitment to execution has helped it deliver constant currency revenue growth, margin improvement, record cash generation and high revenue per worker over last several quarters.
However, the fact remains that President Trump’s anti-immigration stance, unfavorable political climate and escalating costs are likely to dent the company’sperformance. Moreover,the company’s stock has yielded a negative return of 6.8% in the past three months as against the industry’s gain of 10.1%.
Nevertheless, we believe the Zacks Rank #3 (Hold) company’s Renew New program, strong innovation as well as greater operational efficacy will offer the company growth opportunities going forward.
Stocks to Consider
Some better-ranked stocks from the same space are Axcelis Technologies, Inc. ACLS, AppFolio, Inc. APPF and Advanced Energy Industries, Inc. AEIS. While Axcelis Technologies and AppFolio sport a Zacks Rank #1 (Strong Buy), Advanced Energy Industries carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Axcelis Technologies has surpassed estimates thrice in the trailing four quarters, with an average positive earnings surprise of 25.2%.
AppFolio has outpaced estimates in the preceding four quarters, with an average earnings surprise of 238.1%.
Advanced Energy Industries has surpassed estimates in the trailing four quarters, with an average positive earnings surprise of 13.5%.
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