Infosys gains as Qantas Credit Union chooses Finacle

Infosys rose 0.93% to Rs 1,111.75 at 9:18 IST on BSE after Qantas Credit Union chose Infosys Finacle to improve its customer's digital experience, as part of its business transformation strategy.

The announcement was made after market hours on Wednesday, 16 September 2015.

Meanwhile, the BSE Sensex was up 262.16 points, or 1.01%, to 26,226.13

On BSE, so far 8,977 shares were traded in the counter, compared with an average volume of 1.91 lakh shares in the past one quarter.

The stock hit a high of Rs 1,118 and a low of Rs 1,108 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 898.53 on 23 September 2014.

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

Qantas Credit Union is leveraging the flexibility of Infosys Finacle's 'software-as-a-service' model to provide its members with the latest banking services, without the significant overhead costs often associated with complete legacy technology upgrade. The strategic partnership with Infosys will enable Qantas Credit Union to exploit the power of digitization to unlock new revenue streams and foster customer loyalty, while enabling the bank to quickly bring new products to market. Finacle is the industry-leading universal banking solution from EdgeVerve Systems, a wholly owned subsidiary of Infosys.

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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