Infosys gains on entering into strategic collaboration with GE Digital
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Infosys is currently trading at Rs. 1587.90, up by 25.55 points or 1.64% from its previous closing of Rs. 1562.35 on the BSE.
The scrip opened at Rs. 1560.05 and has touched a high and low of Rs. 1590.90 and Rs. 1560.05 respectively. So far 29854 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1924.00 on 17-Mar-2022 and a 52 week low of Rs. 1355.50 on 26-Sep-2022.
Last one week high and low of the scrip stood at Rs. 1604.40 and Rs. 1552.25 respectively. The current market cap of the company is Rs. 656103.15 crore.
The promoters holding in the company stood at 15.11%, while Institutions and Non-Institutions held 68.98% and 15.91% respectively.
Infosys has entered into strategic collaboration with GE Digital, GE’s software division, to accelerate grid transformation for the utilities sector. Together, GE Digital and Infosys will follow a joint go-to-market approach to deliver value added solutions for grid related products and services, for their new and existing clients.
Infosys and GE Digital will jointly bring these solutions for the utilities industry to help grid operators realize a more reliable, resilient, and sustainable grid. This will be driven by an industry-leading grid orchestration software platform and a suite of intelligent applications that bring together energy data, network modeling, and artificial intelligence (AI). This collaboration combines GE’s deep expertise and experience with utilities in the energy sector, and long years of investment in grid equipment and platforms, and Infosys’ breadth of business transformation, system integration, and advanced technology capabilities that will enable efficient electric grid orchestration.
This engagement builds on Infosys’ eighteen-year relationship with GE, that includes collaboration on innovative technology crucial for energy transition. Infosys will build a GE Digital Center of Excellence (CoE) to expand the talent pool for the GE GridOS portfolio and bring in best practices in service delivery. Infosys will also invest in accelerators to integrate the GE platform and application suite into enterprise ecosystems and address client specific requirements.
In addition, Infosys will bring in digital capabilities in areas like AI, Cloud, Cybersecurity and Industrial IoT to support utility transformation. This 360-degree collaboration will enable Infosys to work with GE to deliver the benefits of Information Technology and Operational Technology (IT-OT) convergence to utilities.
Infosys is a global leader in next-generation digital services and consulting.
