Friday 5 September 2014

Infosys rallies on five-year service contract win from BP to provide IT services



BSE Code - 500209
Face Value - Rs 5.00
Group - BSE 'A'
Shareholding pattern - (a)Promoters - 15.94%
                                  (b)Insitutions - 55.66%
                                  (c)Non-Institutions - 12.23%
One year High-Low - Rs 3847.20 - RS 2894.00
     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.
     Infosys, a global leader in consulting, technology and outsourcing solutions, has been selected by BP to provide IT services, in particular Application Support and Development to BP. Infosys was chosen to support BP in running, enhancing and developing business applications and improving business IT processes across all key BP IT operations.
     The agreement, which is effective from September 1, 2014, will provide IT services (in particular Application Support and Development) across BP’s operations, including corporate functions, upstream and downstream segments, energy trading and marketing. The agreement’s geographical scope includes BP’s main facilities in Houston, Texas, and in the UK, as well as support in locations as diverse as Azerbaijan, Angola, Brazil and Singapore.
     Stock is currently trading at Rs 3732.95, up by 24.90 points from its previous closing of Rs 3708.05 on the BSE.
     


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