Shares of Infosys are trading higher for third straight session of trade on follow-up buying demand.
Infosys during market hours on Tuesday announced that the company has been selected by Siemens Gamesa Renewable Energy (SGRE), a global leader in the renewable energy industry, as a strategic partner for SAP S/4HANA implementation to deliver a globally harmonized ERP system. The implementation will enable Siemens Gamesa to become an agile, global organization driving digitalization, while enhancing its digital capabilities, offering, and competitive positioning.
Siemens Gamesa has further engaged Infosys for an industrialized rollout across 50+ countries, 22 manufacturing plants covering all business units (including onshore, offshore, services and corporate functions), leveraging Infosys Cobalt.
Shares of Infosys were trading 0.47% higher at Rs 1,276.8 on BSE. The stock is up for third straight session of trade from its close of Rs 1,239.65 on 29 January 2021.
On a consolidated basis, the IT major's net profit jumped 16.6% to Rs 5,197 crore on a 12.3% rise in revenues to Rs 25,927 crore in Q3 December 2020 (Q3 FY21) over Q3 December 2019 (Q3 FY20).
Infosys is a global leader in next-generation digital services and consulting.
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
RECOMMENDED FOR YOU