Infosys Positioned as a Leader in Application Modernization and Migration Services by Independent Research Firm

Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, announced that it has been positioned as a Leader in The Forrester Wave™: Application Modernization and Migration Services, Q1 2024 report. Infosys has been recognized for its broad range of assets related to service delivery and vertical industry solutions.

Infosys ranked among the top two in the strategy category and top three in the current offering category while also receiving the highest score possible in innovation, global delivery strategy, talent strategy, and 12 other criteria.

The report evaluated Infosys for its expertise in executing modernization and migration tasks under the overarching umbrella of Infosys Cobalt, a set of services, solutions, and platforms designed to accelerate cloud-powered enterprise transformation. The report stated that Infosys' portfolio of services is aligned to its AI-first vision, which emphasizes that data-enabled insights can help enterprises adapt rapidly to changing business conditions.

For the report, Forrester evaluated 15 service providers in the application modernization and migration services based on 25 criteria. These evaluation criteria are grouped under three high-level categories: current offering, strategy, and market presence.

Bill Martorelli, Principal Analyst at Forrester Research, writes in the report, "Looking forward, Infosys sees gen AI as a means to extract existing legacy application assets and leverage them forward into modernization. Infosys boasts strong services capabilities, including COTS, legacy capability, support for advanced teaming models, managed services, and database migration. Infosys has benefitted from a series of large wins … and gets high marks from reference customers for its ability to execute across modernization and migration tasks."

Balakrishna D. R. (Bali), Executive Vice President, Global Services Head, AI and Industry Verticals, Infosys, said, "We are honored to be recognized as a leader by Forrester. We believe this recognition highlights our unwavering commitment to delivering exceptional value through our application modernization and migration offerings that drive business transformation for our clients. We are also leveraging gen AI to help transform legacy application assets into application modernization. With the combined capabilities of Infosys Cobalt and Infosys Topaz, we are well-equipped to lead the way in driving modernization and migration initiatives across industries with an AI-first approach."

Shares of Infosys Limited was last trading in BSE at Rs. 1416.45 as compared to the previous close of Rs. 1414.85. The total number of shares traded during the day was 361945 in over 26767 trades.

The stock hit an intraday high of Rs. 1424.30 and intraday low of 1403.10. The net turnover during the day was Rs. 510912995.00.

Source : Equity Bulls

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Infosys INE009A01021 INFY Leader TheForresterWave