Infosys advances after launching new product

Infosys rose 0.65% to 920 at 9:25 IST on BSE after the company announced that it has launched Infosys Nia-the next generation integrated artificial intelligence platform.

The announcement was made after market hours yesterday, 26 April 2017.

Meanwhile, the S&P BSE Sensex was down 29.62 points, or 0.1% to 30,125.53.

On the BSE, 6,429 shares were traded in the counter so far, compared with average daily volumes of 2.62 lakh shares in the past one quarter. The stock had hit a high of Rs 920.80 and a low of Rs 916 so far during the day.

The large-cap company has equity capital of Rs 1148.47 crore. Face value per share is Rs 5.

The product was launched building on the success of the company's first-generation AI platform, Infosys Mana, and its Robotic Process Automation (RPA) solution, AssistEdge. Together, both these products have amassed 50 plus clients and 150 plus engagements across all industry sectors, within a year of operations.

Infosys Nia converges the big data/analytics, machine learning, knowledge management, and cognitive automation capabilities of Mana; end-to-end RPA capabilities of AssistEdge; advanced, high-performance and scalable machine learning capabilities of Skytree; and optical character recognition (OCR), natural language processing (NLP) capabilities and infrastructure management services. As a unified, flexible, and modular platform, Infosys Nia enables a wide set of industry and function-specific solutions and allows customers to build custom experiences to suit their business needs.

Infosys Nia is available to order immediately, company added.

Infosys' consolidated net profit fell 2.8% to Rs 3603 crore on 0.9% decline in revenues to Rs 17120 crore in Q4 March 2017 over Q3 December 2016.

Infosys is a global leader in technology services and consulting.

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