Infosys Ltd edge higher after strategic alliance with HP Inc

Infosys Limited and HP Inc. on Thursday, 25 May 2017 launched joint RPOS (retail point of sale) and enterprise device as a service solutions to accelerate its digital transformation businesses as part of the HP Global System Integrator Alliance Program.

Subsequently, Shares of Infosys Limited rose 0.19 percent to Rs 983.80 today morning on BSE after the IT major announced a strategic alliance with HP Inc. to step up digital transformation for the enterprise. It was announced post market hours yesterday, 25 May 2017.

On the BSE, 17,809 shares were traded in the counter, while the stock had hit a high and low of Rs 990.10 and Rs 980 respectively, so far during the day.

The joint retail POS solution facilitates a digital approach across the supply chain, helping real-time alliance between shoppers, retailers and vendors at the point of purchase.

The consolidated net profit of Infosys Ltd fell 2.8 percent to Rs 3.603 Cr on 0.9 percent decline in revenues to Rs 17,120 Cr, in Q4 FY17 year-on- year.

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