Where are Infosys shares heading after IT giant inks deal with German TK Elevators?

Infosys shares were trading flat at Rs 1457.00 each on BSE at 13:30 pm on Thursday, a day after the Indian IT giant inked a deal with German TK Elevators. 

Infosys closed at Rs 1457.70 on Wednesday evening and opened at Rs 1465.00 in the morning session on Thursday before hitting the day's high of Rs 1465.95. 

The market capitalisation of Infosys was Rs 6,04,567.50 crore. The 52-week high for the stock was 1,672.45 and the 52-week low was 1,215.45.

In a significant development on November 22, Infosys, unveiled a long-term collaboration with TK Elevator (TKE). This strategic alliance is poised to revolutionise TK Elevator's digital landscape through a comprehensive initiative led by Infosys.

Infosys is set to undertake the consolidation, harmonisation, and modernisation of TK Elevator's digital infrastructure. The primary goal of the deal is to foster continuous innovation and drive a transformative agenda for the company's application and IT environment, claims the company. This endeavour will harness the power of an AI-first strategy, facilitated by Infosys Topaz—an advanced suite of services, solutions, and platforms leveraging generative AI technologies.

The company states that the collaborative efforts between Infosys and TK Elevator will extend to the transition of business applications across North America and key European markets to Infosys. This strategic move aims to facilitate integrated applications management, unifying the underlying infrastructure operations and establishing an end-to-end, business process-centric operational paradigm. The outcome promises a simplified and agile digital landscape for TK Elevator.

Key highlights of this collaboration by Infosys 

• Application Management: Infosys will employ its Live Enterprise Application Management Platform (LEAP), a cloud-enabled solution within the Infosys Cobalt ecosystem. This will deliver NextGen Application Management Services, focusing on user-centric, business outcome-driven solutions.
• Underlying Infrastructure: Infosys will take the lead in the Software-defined Wide Area Network (SD WAN) transformation and operations. This encompasses the management of Service Desk, Data Center, Cloud, LAN, and Workplace operations, contributing to a comprehensive digital infrastructure overhaul.
• Future-Ready IT Model: The collaboration aims to establish an integrated operating model for applications and underlying infrastructure, incorporating Service Integration and Management (SIAM) principles. This forward-looking approach positions TK Elevator for a resilient and adaptable IT framework.