Infosys moves up on inking multi-year application development services agreement with Volvo Cars

18 Mar 2014

Infosys is currently trading at Rs. 3402.00, up by 12.55 points or 0.37% from its previous closing of Rs. 3389.45 on the BSE.

The scrip opened at Rs. 3397.95 and has touched a high and low of Rs. 3407.45 and Rs. 3385.95 respectively. So far 8460 shares were traded on the counter.

The BSE group 'A ' stock of face value Rs. 5 has touched a 52 week high of Rs. 3847.20 on 03-Mar-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. 3726.60 and Rs. 3340.00 respectively. The current market cap of the company is Rs. 194634.48 crore.

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

Infosys, a global leader in consulting, technology and outsourcing solutions, has been selected by Volvo Cars as a strategic supplier to provide application development services for its global operations. This agreement builds on the long-standing relationship as the software major has been supporting Volvo Cars since 2010 to rationalize and integrate its enterprise systems.

As part of the new agreement, Infosys will bring its proven global service delivery experience and ability to drive innovation and transformation - efficiently and effectively; develop applications to support multiple domains, including marketing and sales, customer service, manufacturing, product development, and corporate functions and deploy best practices specifically related to business process harmonization and delivery excellence, across transformation projects.

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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