INXS, pronounced as "in excess," started out as an Australian rock band, The Farriss Brothers in 1977 in Sydney. The main players were composer and keyboardist Andrew Farriss, drummer Jon Farriss, guitarists Tim Farriss and Kirk Pengilly, bassist Garry Gary Beers and main lyricist and vocalist Michael Hutchence.
Playing gigs with local bands like Midnight Oil, the suggestion was made to have an edgier name.
The INXS name was inspired by bands such as the English band XTC and Australian jam band IXL used a kind of acronym/abbreviation.
IXL ran ads with a man saying "I excel in all I do," and XTC stood for ecstasy.
INXS was fronted by Hutchence for about 20 years and their debut self-titled album charted in 1980.
On November 11, 2012, during their performance as support act to Matchbox Twenty at Perth Arena, Australia, INXS announced that the performance would be their last, though they did not officially announce a permanent band retirement.
Official band site www.inxs.com
INXS on Wikipedia
That's really cool, I never thought to read it like that - I always just assumed it'd be the initials of something.
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