Infosys rises on collaborating with Microsoft to accelerate industry adoption of cloud
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Infosys is currently trading at Rs. 1554.00, up by 2.50 points or 0.16% from its previous closing of Rs. 1551.50 on the BSE.
The scrip opened at Rs. 1555.05 and has touched a high and low of Rs. 1569.00 and Rs. 1552.20 respectively. So far 67496 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. 1602.45 and Rs. 1548.00 respectively. The current market cap of the company is Rs. 645457.99 crore.
The promoters holding in the company stood at 15.11%, while Institutions and Non-Institutions held 68.98% and 15.91% respectively.
Infosys is expanding its collaboration with Microsoft, to help accelerate enterprise cloud transformation journeys worldwide. According to the Infosys Cloud Radar, enterprises can add up to $414 billion in net new profits, annually, through effective cloud adoption. The report also calculated that adopting cloud improved speed to market and the ability to discover new revenue streams and resulted in increased profit growth by up to 11.2 percent YoY. The extended strategic collaboration between Infosys and Microsoft will greatly benefit enterprises by bringing them the best of Infosys Cobalt cloud offerings and Microsoft’s cloud computing technologies, led by Azure, across the business value-chain.
The deepening of the collaboration will entail the onboarding of Infosys Cobalt solutions to Microsoft’s industry clouds, to empower enterprises to build agile cloud-powered platforms and innovate at scale. The joint capabilities across application modernization, enterprise solutions, data analytics and AI, digital workplace solutions, low-code, no-code power platforms and cybersecurity innovations will create a robust foundation for cloud-powered transformation. These will bring enterprises the benefits that come from best of breed Microsoft platforms, along with Infosys Cobalt suite of cloud-powered solutions, implemented to minimize time-to-market and maximize value.
Infosys is a global leader in next-generation digital services and consulting.
