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Infosys positioned as a Leader in Gartner's Magic Quadrant

Posted On: 2019-04-24 16:59:09


Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting today announced that Gartner, Inc. has positioned Infosys as a Leader in its Magic Quadrant for Public Cloud Infrastructure Professional and Managed Services, Worldwide. According to Gartner, "Leaders have a track record of successful delivery of high-quality professional and managed services that thoughtfully exploit the capabilities of the cloud platform. They are well-positioned to continue delivering leading-edge services in the future."

For the report, Gartner evaluated 19 service providers. Companies in the report were evaluated on their ability to execute and completeness of vision. As per the Gartner Magic Quadrant report, "By 2024, more than 50 percent of cloud service deals will include both application development services, and cloud infrastructure professional and managed services, up from 10 percent in 2019. In the context of this Magic Quadrant, MSPs are expected to deliver three pillars of capabilities: a cloud management platform, professional services (consulting, implementation and ongoing advice) and managed services. All three pillars must address the needs of customers exercising either or both traditional and cloud-native use cases."

The Magic Quadrant report is "intended to be used to select a Managed Service Provider when the customer strongly prioritizes best-practice adoption and management of a hyperscale IaaS+PaaS provider."

Narsimha Rao M, Executive Vice President and Global Head, Cloud, Infrastructure and Security Services, Infosys, said, "In our view, this recognition is a testament to the strengths and capabilities we showcase in our Enterprise Cloud ecosystem portfolio. Infosys continues to significantly invest in its cloud talent, solutions and platforms and is proud to deliver the best outcomes for the work we do with our partners. Infosys' capabilities in offering cloud professional and managed services along with its own cloud management platform - the Infosys Infrastructure Management Solution (IIMS), which also supports hybrid IT deployments, have contributed towards this position."

Shares of INFOSYS LTD. was last trading in BSE at Rs.736.4 as compared to the previous close of Rs. 727.85. The total number of shares traded during the day was 366957 in over 10734 trades.

The stock hit an intraday high of Rs. 737.8 and intraday low of 724.25. The net turnover during the day was Rs. 269158543.


Source: Equity Bulls

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