Infosys rises on entering into partnership with NBTY

22 Jun 2015

Infosys is currently trading at Rs. 999.00, up by 2.25 points or 0.23% from its previous closing of Rs. 996.75 on the BSE.

The scrip opened at Rs. 1009.00 and has touched a high and low of Rs. 1010.00 and Rs. 997.50 respectively. So far 14,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1167.60 on 20-Feb-2015 and a 52 week low of Rs. 794.76 on 26-Jun-2014.

Last one week high and low of the scrip stood at Rs. 1020.40 and Rs. 968.50 respectively. The current market cap of the company is Rs. 2,29,326.00 crore.

The promoters holding in the company stood at 13.08% while Institutions and Non-Institutions held 53.06% and 17.66% respectively.

Infosys, a leader in consulting, technology, outsourcing and next-generation services, has entered into multi-year partnership with NBTY Inc, a global manufacturer, marketer, distributor and retailer of market-leading vitamins and nutritional supplements. As part of this agreement, Infosys will provide development and support services for NBTY’s IT systems.

Infosys will provide enterprise-wide application development and maintenance services for NBTY’s IT landscape, including Oracle E-Business Suite and legacy systems. The scope of services, which started with the support of Oracle E-Business Suite, will now extend across a range of application management services for NBTY’s entire IT landscape.

The key drivers for the five-year deal were improved operational efficiency, faster speed-to-market, and better quality of service. NBTY hopes to benefit from investments made by Infosys in the application management services space to simultaneously reduce its total cost of ownership, while improving customer service.


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