Infosys Ltd.

BSE: 500209 | NSE: INFY
Large Cap | IT - Software
1120.00
-10.20 (-0.90%)
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Infosys to transfer PPS business into separate subsidiary: Report

Date: 26-02-2014

Infosys, a global leader in consulting, technology and outsourcing solutions, is reportedly planning to transfer its products, platforms and solutions (PPS) business into a separate subsidiary at the beginning of the next fiscal. The new division, called Edge Works, will have a three-tier structure, one focusing on understanding market needs, another on product development and a third on implementation at client sites. The PPS division accounts for about 5.5% of Infosys' over $8 billion revenue.

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