ABM Knowledgeware Ltd bags Rs 127.44 Crores order for SAP Technology Modernization

ABM Knowledgeware Ltd has announced a recent order for Rs 127.44 Crores (excluding Taxes) for SAP technology modernization.

This project involves the technology upgrade of customers' existing SAP applications to the latest version and S4HANA implementation for all current applications. It also includes the implementation of several new SAP modules and productivity tools. The migration of the entire set-up to cloud infrastructure is also included in the project.

With this project, ABM will advance its position in the most sought after HANA tech and cloud migration. With an existing large user base spread over 200+ locations, this project would be one of the marque projects for this industry and sector in recent times.

The execution of the project has begun with a total duration of 4 years, including support.

Shares of ABM KNOWLEDGEWARE LTD. was last trading in BSE at Rs.92 as compared to the previous close of Rs. 93.75. The total number of shares traded during the day was 4549 in over 47 trades.

The stock hit an intraday high of Rs. 93 and intraday low of 91. The net turnover during the day was Rs. 418113.

Source : Equity Bulls

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