Infosys rises on plan to grow its product R&D center in India
Date: 16-03-2012Infosys is currently trading at Rs. 2892.05, up by 10.25 points or 0.36% from its previous closing of Rs. 2881.80 on the BSE.
The scrip opened at Rs. 2900.00 and has touched a high and low of Rs. 2910.00 and Rs. 2891.50 respectively. So far 2232 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3316.85 on 13-Apr-2011 and a 52 week low of Rs. 2169.00 on 25-Aug-2011.
Last one week high and low of the scrip stood at Rs. 2915.35 and Rs. 2787.00 respectively. The current market cap of the company is Rs. 165478.47 crore.
The promoters holding in the company stood at 16.04% while Institutions and Non-Institutions held 54.85% and 15.00% respectively.
Infosys is betting big on Innovation and is looking at strengthening its product research and development center in India. The company will grow its Product Research and Development Center in India to accelerate design and development of its offerings, through cutting-edge engineering innovation. The present team of 500 world-class engineers is expected to grow to 1,000 over the next two years.
The Center has a mandate to Develop Products and Platforms to cater to next generation market needs driven by global mega trends, including digital consumers, emerging economies, new commerce and healthcare, Create intellectual properties around Infosys Products and Platforms, leveraging technologies in the areas of cloud computing, mobility, analytics, and social media and Pioneer unique approaches to accelerate innovation, enhance product architectures and shorten release cycles.
Further, the center has developed industry focused and cross industry offerings such as Supply Chain Performance Management Suite, Distributor Connect and Omni-Channel Personalization Engine.