Infosys heads north after partnering with Calix

Infosys rose 0.79% to Rs 1,123 at 09:25 IST on BSE after the company announced partnership with Calix to develop and deliver new software modules and services.

The announcement was made after market hours yesterday, 10 April 2018.

Meanwhile, the S&P BSE Sensex was down 24.58 points or 0.07% at 33,855.67.

On the BSE, 23,000 shares were traded on the counter so far as against the average daily volumes of 1.17 lakh shares in the past two weeks. The stock had hit a high of Rs 1,123.80 and a low of Rs 1,117.70 so far during the day. The stock had hit a 52-week high of Rs 1,220 on 24 January 2018 and a 52-week low of Rs 861.50 on 22 August 2017.

The large-cap company has equity capital of Rs 1092.06 crore. Face value per share is Rs 5.

Calix announced a strategic multi-year partnership with Infosys, that will accelerate communications service provider (CSP) adoption of AXOS, its Software Defined Access (SDA) Platform. Calix and Infosys will jointly invest to co-create new services and value-added offerings on the award winning AXOS platform. Calix is the leading global provider of the cloud and software platforms, systems, and services.

By reducing time-to-market for new AXOS capabilities and greatly broadening AXOS offerings, the partnership will enable service providers to accelerate deployments of next generation access networks that will dramatically reduce their operating cost and enable them to deploy new services at a rapid pace.

Through this partnership, Infosys will develop and deliver new software modules for the AXOS platform. With these new capabilities, service providers can reduce the cost of operating their networks, improve network intelligence and deliver improved subscriber experiences. The fully abstracted, modular, standards-based architecture of the AXOS platform makes it an ideal innovation platform for technology leaders who want to deliver break-through capabilities to CSPs.

Infosys will announce its Q4 March 2018 result on Friday, 13 April 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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