Infosys gains after inking strategic long-term partnership with K+S AG

Infosys rose 0.88% to Rs 752.85 after the company announced a strategic long-term partnership with K+S AG to support the latter's 'Shaping 2030 Strategy'.

K+S AG is world's largest salt manufacturer and Europe's biggest supplier of Potash. Infosys will support K+S AG's 'Shaping 2030 Strategy' -by preparing an agile and flexible IT infrastructure foundation to enable their digital roadmap. As part of this partnership, Infosys will help K+S become more sustainable by navigating them to a next generation hybrid cloud datacenter.

Infosys will setup two state-of-the-art, centralized and dedicated datacentres in Kassel, Germany and 16 regional datacentres in Europe, USA, Canada, and South America along with a public cloud ecosystem. Infosys will deliver critical infrastructure services in a hybrid cloud and manage these centres end-to-end.This will ensure seamless operations, value and consistency in the quality of services deliveredacross locations worldwide. Infosys will also be responsible for managing the IT landscape of K+S across 100+ sitesfor over 9000 end users, across 25+ countries globally. The announcement was made after market hours on Tuesday, 3 March 2020.

 

Infosys' consolidated net profit soared 12.23% to Rs 4,457 crore on a 2.04% rise in net sales to Rs 23,092 crore in Q3 December 2019 over Q2 September 2019.

Infosys is engaged in consulting, technology, outsourcing and next-generation services.

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