Infosys gains after investing in CloudEndure

Infosys rose 0.94% to Rs 1,039 at 09:56 IST on BSE, after the company announced that it has made an investment of $4 million in CloudEndure, a startup that provides cloud migration and cloud-based disaster recovery software.

The announcement was made after market hours yesterday, 9 December 2015.

Meanwhile, the S&P BSE Sensex was up 94.96 points or 0.38% at 25,131.01

On BSE, so far 25,513 shares were traded in the counter as against average daily volume of 1.77 lakh shares in the past one quarter.

The stock hit a high of Rs 1,041.95 and a low of Rs 1,030.45 so far during the day. The stock had hit a 52-week low of Rs 932.55 on 10 July 2015. The stock had hit a record high of Rs 1,219 on 12 October 2015.

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

CloudEndure provides enterprise grade cloud migration and cloud-based disaster recovery (DR) software that uniquely supports migration and DR for both on-premise to-cloud and cloud-to-cloud scenarios. Infosys said that many leading enterprises look to the company for guidance and implementation services associated with large-scale infrastructure transformation projects. The company is excited by CloudEndure's enterprise grade cloud migration and disaster recovery solution, which has been built from the ground up for a multi-cloud world, Infosys said. The investment will be completed by 11 December 2015, the company said.

Infosys' consolidated net profit rose 12.14% to Rs 3398 crore on 8.92% growth in net sales to Rs 15635 crore in Q2 September 2015 over Q1 June 2015.

Infosys is a global leader in consulting, technology and outsourcing solutions.

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