Stock Report

Infosys Recognized as a Leader in the 2022 Gartner® Magic Quadrant™ for Oracle Cloud Applications Services, Worldwide

Posted On : 2022-06-21 19:33:05( TIMEZONE : IST )

Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has been positioned as a Leader in the 2022 Gartner® Magic Quadrant™ for Oracle Cloud Applications (OCA) Services, Worldwide. This is the third consecutive year that Infosys has been recognized as a Leader by Gartner for Oracle Cloud Application Services.

Gartner comprehensively assessed the global capabilities of 19 Oracle Cloud vendors based on two criteria - ability to execute and completeness of vision. The report's authors note, "The growth of OCA with vendors is a combination of overall Oracle growth along with a pivot from on-premises services. For this Magic Quadrant, cloud practice growth is a strong indicator of vision, as well as execution."

Dinesh Rao, Executive Vice President, Co-Head of Delivery, Infosys, said, "There is a significant growth in enterprises globally looking to transform their business landscape through Oracle Cloud Application with an emphasis on the need for a noiseless transition. Infosys believes recognition in the Leaders' Quadrant validates our relentless focus on accelerating clients' Oracle Cloud transformation journeys and delivering top-notch Oracle Cloud Application services as part of Infosys Cobalt. With the advent of newer business use cases for AI, IoT, and blockchain developing maturity in the Oracle Cloud space, we at Infosys will continue to further our spectrum of offerings and explore new ways of improving business outcomes for our clients."

Infosys is a global strategic partner of Oracle, and it helps global enterprises modernize legacy applications and accelerate their cloud transformation journeys with the help of Infosys Cobalt cloud offerings. Infosys leverages its IP, domain, and industry knowledge, to ensure that enterprises can quickly process information, take intelligent decisions, and respond to market forces in real-time.

Shares of Infosys Limited was last trading in BSE at Rs. 1450.00 as compared to the previous close of Rs. 1414.75. The total number of shares traded during the day was 372219 in over 20305 trades.

The stock hit an intraday high of Rs. 1455.55 and intraday low of 1420.00. The net turnover during the day was Rs. 538372061.00.