Infosys (INFY) announced that it will expand its collaboration with Microsoft (MSFT), to help accelerate enterprise cloud transformation journeys worldwide. According to the Infosys Cloud Radar, enterprises can add up to $414B in net new profits, annually, through effective cloud adoption. The report also calculated that adopting cloud improved speed to market and the ability to discover new revenue streams and resulted in increased profit growth by up to 11.2% YoY. The extended strategic collaboration between Infosys and Microsoft will offer Infosys Cobalt cloud offerings and Microsoft’s cloud computing technologies, led by Azure, across the business value-chain.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on INFY:
- Infosys price target raised to $21 from $20 at BMO Capital
- Cognizant price target raised to $71 from $65 at BMO Capital
- CTSH Surges after C-Suite Shuffle, Higher Guidance
- Infosys: Strong growth of 13.7% in constant currency in a seasonally weak quarter
- Infosys revises FY23 revenue guidance to 16%-16.5%