Infosys shares gain over 3% on partnering with Google Cloud

IT-giant Infosys touched an intraday high of Rs 729.95 per piece which resulted in gains of 3.35% so far on BSE.

Representational Image: Photo: Official website

The share price of Infosys surged by over 3% on stock exchanges, despite the benchmark indices shedding blood in today’s trading session. The IT-giant touched an intraday high of Rs 729.95 per piece which resulted in gains of 3.35% so far on BSE, however, at around 11:38 hours, the company was trading at Rs 727 per piece up by Rs 20.70 or 2.93%. One can attribute the reason for such uptick on the back of Infosys joining hands with search engine Google Clouds to develop data native intelligent enterprise.

In a notification to BSE on evening of September 21, Infosys said, “ Through this partnership that enhances Infosys’ existing capabilities, the company will offer solutions and services on Google Cloud Platform (GCP), creating a scalable, on-demand cloud model that will enable enterprises to easily transition and adopt a cloud-first strategy.”

As part of this partnership, Infosys has built artificial intelligence and machine learning-driven industry specific solutions on GCP that are foundational to digitizing the data supply chain, such as Analytics Workbench, which augments data platforms to deliver end-to-end self-service capabilities, Information Grid, which provides a data pipeline for seamless movement of data to Google Cloud (GCP), and Customer Genome, a holistic offering that helps enterprises build a self-service driven and entity-centric foundation for explorative, predictive and prescriptive analytics.

These solutions will enable enterprises to modernize their IT and use the power of insights to monetize and digitize their businesses as they navigate the next stages in their transformation journey.

TAGS: