Infosys gains on pact with Hitachi Data Systems

Infosys rose 1.77% to Rs 3,765.45 at 13:00 IST on BSE after the company announced the expansion of its partnership with Hitachi Data Systems to bring next-generation infrastructure and data center transformation solutions to enterprises.

The announcement was made during market hours today, 19 September 2014.

Meanwhile, the S&P BSE Sensex was up 21.94 points or 0.08% at 27,134.15.

On BSE, so far 59,000 shares were traded in the counter as against average daily volume of 55,440 shares in the past one quarter.

The stock hit a high of Rs 3,769.35 and a low of Rs 3,690 so far during the day. The stock had hit a record high of Rs 3,847.20 on 3 March 2014. The stock had hit a 52-week low of Rs 2,894 on 30 May 2014.

The stock had outperformed the market over the past one month till 18 September 2014, surging 3.98% compared with the Sensex's 2.73% rise. The stock had also outperformed the market in past one quarter, advancing 14.03% as against Sensex's 7.39% rise.

The large-cap IT company has equity capital of Rs 287.12 crore. Face value per share is Rs 5.

Infosys said that the new solutions will help improve operational efficiencies and facilitate smooth transition of their IT infrastructure to new cloud-based environments.

U B Pravin, Chief Operating Officer and Infosys board member said, "Growing our partnership with Hitachi Data Systems will enable us to bring together our complementary capabilities around cloud and big data to help our customers enhance their IT infrastructure with new technology solutions. Infosys and Hitachi Data Systems will help enterprises implement infrastructure and data center solutions faster, and at lower costs. Our partnership will also give enterprises the much needed flexibility to plan and progress their transformation to next-generation IT infrastructure seamlessly, and without being daunted by huge capital outlays".

Separately, Infosys during market hours today, 19 September 2014, announced a global partnership with Huawei, a leading global information and communication technology (ICT) solution provider. Through this partnership, the companies will jointly offer enterprise customers cloud, big data and communication solutions, along with other enterprise-oriented services which will combine Huawei's cloud infrastructure and global IT service expertise from Infosys.

Separately, Infosys during market hours today, 19 September 2014, announced the expansion of decade-long partnership with Microsoft Corp. to help enterprises transform their business and tap opportunities in a cloud-first, mobile-first world. Infosys will now expand its capabilities for analytics and other service offerings on Microsoft technologies. Infosys will also establish a global center of excellence for Microsoft Azure Machine Learning capable of training more than 1,000 engineers by the end of fiscal year 2015.

Infosys' consolidated net profit declined 4% to Rs 2886 crore on 0.8% decline in sales to Rs 12770 crore in Q1 June 2014 over Q4 March 2014.

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

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