Infosys shines as Royal Philips extends partnership by five years

14 Feb 2014

Infosys is currently trading at Rs. 3628.00, up by 41.55 points or 1.16% from its previous closing of Rs. 3586.45 on the BSE.

The scrip opened at Rs. 3596.00 and has touched a high and low of Rs. 3632.00 and Rs. 3596.00 respectively. So far 16,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3799.00 on 23-Jan-2014 and a 52 week low of Rs. 2190.00 on 29-Apr-2013.

Last one week high and low of the scrip stood at Rs. 3632.00 and Rs. 3555.55 respectively. The current market cap of the company is Rs. 2,08,390.00 crore.

The promoters holding in the company stood at 15.94%, while Institutions and Non-Institutions held 56.00% and 12.38% respectively.

Royal Philips of the Netherlands has extended its existing seven year outsourcing agreement with Infosys for an additional five years. Infosys BPO had originally entered into a seven year contract with Royal Philips in July 2007 to provide Finance and Accounting (F&A) and transactional procurement services, it has now been extended till June 2019.

Infosys is a global leader in consulting, technology and outsourcing solutions. The company enables clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition.

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