Infosys gains after launching new service offerings

Infosys rose 1.07% to Rs 1,150.35 at 9:44 IST on BSE after the company announced the launch of three enhanced service offerings in Design Thinking, Platforms and Knowledge-Based IT.

The announcement was made after market hours yesterday, 20 August 2015.

Meanwhile, the BSE Sensex was down 410.32 points, or 1.49%, to 27,197.50.

On BSE, so far 63,000 shares were traded in the counter, compared with an average volume of 1.85 lakh shares in the past one quarter.

The stock hit a high of Rs 1,154.40 and a low of Rs 1,119.10 so far during the day. The stock hit a record high of Rs 1,186 on 19 August 2015. The stock hit a 52-week low of Rs 882.75 on 21 August 2014.

The stock had outperformed the market over the past one month till 20 August 2015, rising 13.60% compared with 2.86% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 11.33% as against Sensex's 0.82% decline.

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

Infosys announced that its new service offerings are aimed at helping clients address a non-disruptive renewal and simplification of their existing landscapes. These services will also help clients in introduction of new offerings and business models in a dynamic business environment and create a culture of innovation in their organization, Infosys said in a statement. These three new service offerings will help bring together existing Infosys services to serve strategic priorities of global businesses, the Indian IT major said.

Infosys also plans to offer platforms to address the Internet of Things (IoT) and Application Programming Interface (API) requirements of its clients. Dr. Vishal Sikka, Chief Executive Officer, Infosys said that the launch of the three new service offerings is an important step to further accelerate the execution of the company's strategy to renew existing services and move into entirely new areas.

Infosys' consolidated net profit fell 2.1% to Rs 3030 crore on 5.73% rise in total income to Rs 15112 crore in Q1 June 2015 over Q4 March 2015.

Infosys is a global leader in consulting, technology, and outsourcing and next-generation services.

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