Infosys gains on pact with Oracle

Infosys rose 1.7% after the company extended its working relationship with Oracle

Infosys rose 1.7% to Rs 3,811on BSE after the company said it is extending its relationship with Oracle to enhance support for a range of innovative solutions and services on new technology platforms.

The announcement was made before market hours today, 1 October 2014.

On BSE, so far 6,565 shares were traded in the counter as against average daily volume of 76,000 shares in the past two weeks.

The stock hit a high of Rs 3,798.45 and a low of Rs 3,740.95 so far during the day.

Infosys announced that it is extending its relationship with Oracle to enhance support for a range of innovative solutions and services on new technology platforms. These platforms will enable enterprises to use Oracle products to reshape their business and create new innovative ecosystems, Infosys said in a statement.

Infosys and Oracle will expand their relationship across digital marketing, big data and Oracle Cloud Applications, underpinned by investments from Infosys in Oracle technology.

Separately, Infosys before market hours today, 1 October 2014 announced a strategic relationship with the Institute for Computational & Mathematical Engineering (ICME), Stanford University. Through this arrangement, Infosys will work with ICME to develop curriculum in Data Science and Analytics focused on real-world problem areas and will undertake joint research using Data Science to find solutions to key industry issues.

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.

Powered by Capital Market - Live News