Infosys gains after renewed engagement with UCAS

Infosys rose 1.25% to Rs 1,128.10 at 9:25 IST on BSE after the company said that UCAS has appointed the firm as its core technology partner up to 2021.

The announcement was made after market hours yesterday, 15 February 2018.

Meanwhile, the S&P BSE Sensex was up 128.64 points, or 0.38% to 34,426.11.

On the BSE, 8,123 shares were traded in the counter so far compared with average daily volumes of 2.63 lakh shares in the past two weeks. The stock had hit a high of Rs 1,129.50 and a low of Rs 1,121 so far during the day. The stock hit a 52-week high of Rs 1,220 on 24 January 2018. The stock hit a 52-week low of Rs 861.50 on 22 August 2017.

Infosys announced that UCAS, the admissions service for UK higher education, has extended its existing partnership with the company to support its business strategy up to 2021. UCAS delivers critical admissions and information services to students, schools and higher education providers.

As part of the renewed engagement, Infosys will provide a wide range of digital services that will enable UCAS to continue to develop technology capabilities that connect learners to multiple destinations, such as universities, awarding bodies, schools and other organisations, using a dynamic digital suite of systems that responds to a rapidly changing higher education sector in the UK. The announcement was made after market hours yesterday, 15 February 2018.

On a consolidated basis, Infosys' net profit rose 37.65% to Rs 5129 crore on 1.29% growth in net sales to Rs 17794 crore in Q3 December 2017 over Q2 September 2017.

Infosys is a global leader in technology services and consulting.

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