Infosys’ shares jumped up by 4 per cent to Rs 1,144 on the BSE in intra-day trade on Monday. The latest boost is in lieu with a report that the company has gained speed and emerged as a front runner in a multi-year, $1.3 billion deal from Daimler. The deal involves shifting 500-600 Daimler employees to the information technology (IT) firm and revolves around infrastructure management services, networks, and data centres, The Times of India reported.
Daimler AG, more popularly known as Mercedes-Benz, or simply as Daimler, is a German multinational automotive corporation, headquartered in Stuttgart, Baden-Württemberg. It is one of the world’s leading car and truck manufacturers.
Times of India was successful in contacting Daimler’s spokesperson for Digitalisation and IT for Mercedes-Benz Cars & Vans, Dora Constantinita, said, “In the area of IT, we will continue to focus our internal IT competencies on software development, thereby strengthening Daimler in the digital competition. At the same time we will be able to benefit from the scaling effects and innovative performance of global IT companies in the areas of data centres, networks and workplace IT.”
Constantina further added,” For these reasons we are currently investigating whether we can partially transfer these areas to an external partner. After evaluating different offers of potential candidates, we now down-selected these possible partners and proceed for negotiations with an exclusive partner for the areas, data centres, networks and workplace IT. A deal has not been made yet.”
At the same time, Infosys and ATP on Friday declared the renewal of their partnership for a further three years. The agreement will maintain Infosys continuance as Global Technology Services Partner and Digital Innovation Partner of ATP, through 2023.
Last quarter witnessed the largest deal value of over $3 bn for Infosys and the management have stated that the deal pipeline is further strengthened now. In the recent analyst con call, management reported on the same, elaborating that the IT major has four clear growth drivers in place Digital, large deals, focus on account expansion and new accounts. There is a focused and detailed plan to work with existing clients and forging deeper bonds along with attention to undertake new operations with new clients that is being tracked internally.