Infosys up 2%; co signs AI, automation deal with strategic client

Infosys’ share price rose 2% to Rs 1,445.35 at 9:20 am after the company announced that it had signed a multi-year deal with one of its strategic customers providing AI and automation services.
“Infosys has signed a framework agreement with one of our existing strategic customers to provide development, modernization and maintenance services leveraging AI and automation. estimated,” said Infosys.
The company plans to announce its financial results for the first quarter ended June 30, 2023 on July 20, 2023 at approximately 3:45 p.m. India Standard Time (IST). In May, the company signed an agreement with energy company BP as a key partner for end-to-end application services. As part of a separate agreement, on June 26, the company entered into a strategic alliance with Danske Bank, a leading Nordic bank, to accelerate and broaden the bank’s digital transformation efforts.
On June 27, the company signed a Memorandum of Understanding (MoU) with Skillsoft to transform teaching and learning from 6th grade to lifelong learners in India.
Through Infosys Springboard, Infosys provides learners with free access to an extensive repository of Skillsoft learning content designed to build technology, leadership, business and behavioral skills.
The stock hit a 52-week high of INR 1,672.45 and a 52-week low of INR 1,215.45 on December 1, 2022 and April 25, 2023 respectively.
The stock is currently trading 13.58 percent below its 52-week high and 18.91 percent above its 52-week low.