Infosys is the clearest case yet of AI cutting both ways in services. The Register, reporting the company’s quarterly results, said AI revenue grew 29 percent sequentially and now delivers 10.5 percent of incoming cash, against total revenue growth of 1.5 percent year on year. But clients now expect to pay less where AI does the work, and those savings are baked into multi year deals. Infosys cut full year revenue growth guidance from 1.5 to 3.0 percent to 1.0 to 2.0 percent, said it intends to hold margins at around 21 percent, and pointed to 8.8 billion dollars of new deals won in the first half of its financial year as evidence the franchise is intact.
Microsoft’s voluntary exit offer, covered as a full story on October 26, has an update on expected take up. Reporting following the Ars Technica coverage of the offer to about 60,000 employees now puts expected acceptance at about 5 to 6 percent, or roughly 3,000 to 3,600 departures, well below full eligibility. No new offer terms have been announced, and the update is reported, not confirmed by Microsoft in this run.
STAT reported growing antitrust scrutiny of Epic Systems, arguing the dominant electronic health records platform’s grip is choking innovation in health technology, and issued a reader callout for people affected by Epic’s actions. No filing or agency action was announced, so this is scrutiny to watch rather than a case.
In private markets, TechCrunch reported that Disruptive has raised a 10 billion dollar fund to make big bets on at least 10 companies, and that Re:Build, the manufacturing group that spun out Slate Auto, has raised 2.1 billion dollars. Both items are single reports at headline level in this run and are flagged as reported.
Two shorter items complete the roundup. Datacenter Dynamics reported that Amazon has settled its legal battle against former AWS managers accused of data centre deal kickbacks, with no terms in the reporting read here. And Google’s Android Registered App Stores programme launches on December 1, with applications now open, a date that will matter to every alternative app store preparing to operate under it.