Infosys inches up on technological tie-up with SAP

The company made the announcement after market hours on Tuesday, 7 May 2013.

Meanwhile, the S&P BSE Sensex was up 91.41 points or 0.46% at 19,980.36.

On BSE, 12,000 shares were traded in the counter as against average daily volume of 1.98 lakh shares in the past two weeks.

The stock hit a high of Rs 2,374 and a low of Rs 2,358.20 so far during the day.

Infosys said that its cooperation with SAP is aimed at enabling consumer packaged goods (CPG) companies gain critical business insights via wireless tablets and smart phones to make them more competitive and agile.

Commenting on the development, Rajesh Murthy, Global Head of SAP practice, Infosys said, "SAP Retail Execution helps CPG companies boost return on brand and promotion investments by increasing promotional compliance and monitoring the success of new products. Our partnership with SAP creates new opportunities for organizations to maximize the data their systems generate, which improves the speed and confidence of their decision-making".

Infosys' consolidated net profit rose 1% to Rs 2394 crore on 0.3% growth in sales to Rs 10454 crore in Q4 March 2013 over Q3 December 2012.

Infosys partners with global enterprises to drive their innovation-led growth. As a leading provider of next-generation consulting, technology and outsourcing solutions, Infosys helps clients in more than 30 countries realize their goals.

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