You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Infosys announces strategic collaboration with ArcelorMittal

Capital Market 

The IT major after market hours today (8 April 2021) announced a strategic long-term collaboration with ArcelorMittal, the world's leading steel and mining company.

ArcelorMittal has chosen Infosys to help accelerate the company's digital transformation journey and enable next-generation application management and business process management (BPM) services for ArcelorMittal Europe.

Through this engagement, Infosys will work with ArcelorMittal Europe, share best practices around next generation application management services to optimize, stabilize, and transform ArcelorMittal's IT landscape.

Infosys will also establish a robust, state-of-the-art business process management (BPM) service in ArcelorMittal Europe's Business Center of Excellence (BCoE) shared services center. The collaboration will further strengthen Infosys' presence in Europe and will enable Infosys to maximise synergies across the ArcelorMittal Group worldwide.

Jasmeet Singh, executive vice president and global head of manufacturing, Infosys, said, "The need to accelerate digital transformation has never been more urgent in the manufacturing sector.

We are pleased to partner with ArcelorMittal and help them stay one step ahead of disruption. Leveraging our global delivery model, right shoring, and robust BPM offerings, we are committed to driving efficiency, bolstering operational excellence, and establishing future-ready services in line with ArcelorMittal's growth strategies.

We look forward to a long, fruitful partnership with the group and are excited to help them navigate the next.

Infosys is a global leader in next-generation digital services and consulting.

On a consolidated basis, the IT major's net profit jumped 7.3% to Rs 5,197 crore on a 5.5% rise in revenues to Rs 25,927 crore in Q3 December 2020 over Q2 September 2020.

Infosys rose 0.67% to end at Rs 1439.80 on Thursday. It traded in the range of 1425.25 and 1451.10 during the day.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, April 08 2021. 16:17 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU