Stock Report

Infosys and Proximus Extend Collaboration on IT Application Transformation and Development



Posted On : 2021-12-01 20:16:30( TIMEZONE : IST )

Infosys (NSE, BSE, NYSE: INFY), a global leader in nextgeneration digital services and consulting, today announced the extension of its strategic collaboration with Proximus, Belgium's leading digital services and communications solutions provider, to digitally transform, develop, and maintain their IT applications with leading AI and automation solutions. Through this engagement, Infosys will support Proximus' key digital initiatives, IT transformation programs and provide structural cost reduction, in a sustainable manner.

As part of this engagement, Infosys will oversee the development, maintenance, and operations of Proximus' IT applications in a managed service model. Infosys will also leverage its extensive partner ecosystem to accelerate the implementation of the strategic transformation programs for Proximus while ensuring optimal cost savings.

Antonietta Mastroianni, Chief Digital & IT Officer, Proximus, and recent recipient of CXO of the year at the 5G Telco Awards, 2021, said, "As we continue on this journey to elevate our digital initiatives, we were looking for a partner that could understand and provide strength to our digital vision. IT services companies play an imperative role during these times of transformation. Infosys continues to be our strategic partner to drive efficiency in our IT landscape and support us in our Digital transformation journey. Having shared a bond with Infosys for over 24 years, its knowledge of the existing landscape and skilled resources will help ensure the success of our initiative. We are happy to extend this collaboration with Infosys and are looking forward to a successful journey together."

Anand Swaminathan, Executive Vice President - Communications, Media and Technology, Infosys, said, "Proximus - Infosys' collaboration success for more than 2 decades reflects the strong alignment in values, and the commitment to support each other during critical Industry and Business shifts. We are excited about the opportunity to support Proximus in its Digital transformation, and towards their #Inspire2022 goals."

Shares of Infosys Limited was last trading in BSE at Rs. 1715.50 as compared to the previous close of Rs. 1714.45. The total number of shares traded during the day was 292079 in over 12354 trades.

The stock hit an intraday high of Rs. 1741.40 and intraday low of 1713.45. The net turnover during the day was Rs. 505928221.00.

Source : Equity Bulls

Keywords

InfosysLimited INE009A01021 INFY ITConsulting Software Proximus DigitalTransformation AI Automation