CK Birla Group firm Birlasoft Limited Named a Top 15 Sourcing Standout by ISG

Birlasoft Ltd [BSE: 532400, NSE: BSOFT], part of the USD 2.4 billion diversified, The CK Birla Group, today announced it has been named a Top 15 Sourcing Standout by Information Services Group (ISG), a leading global technology research and advisory firm.

Birlasoft was among the leading providers in the Booming 15 category globally, as well as for the Americas region based on Annual Contract Value (ACV) won over the last 12 months, according to the 1Q 2021 Global ISG Index™. This is the fourth time in a row that Birlasoft has been featured across categories by ISG.

Now in its 74th consecutive quarter, the ISG Index™ provides an independent quarterly review of the latest sourcing industry data and trends. Each quarter it names the top 15 commercial providers in the Big 15 (revenues of more than $10 billion), Building 15 (revenues between $3 billion and $10 billion), Breakthrough 15 (revenues between $1 billion and $3 billion) and Booming 15 (revenues of less than $1 billion) categories in the Americas, EMEA and Asia Pacific regions. Each Top 15 category includes providers that compete in the traditional sourcing market, as well as those that compete in the as-a-service market, including IaaS and SaaS providers.

"We are proud to be mentioned among The Booming 15 according to ISG. Year-on-year, our continuous recognition across categories stands as a testimony to various initiatives we have taken towards helping organizations reach their business transformation goals through the Power of Digital." said Dharmender Kapoor, CEO and MD, Birlasoft.

Now, two years since its differentiated, industry-composite merger, Birlasoft has been able to set itself apart as one of the leading mid-tier Enterprise Digital companies, through its industryrenowned business problem-solving expertise that caters to global customers. With a view into the future, the company is now investing in developing platforms for core business processes that require higher digitization, offering a 'servitization model.' Birlasoft is also seeing good traction in cloud adoption and continues to make strategic investments in its cloud and digital capabilities; having implemented many transformative projects for global customers.

Birlasoft's inclusion in the ISG Index™ is based on data the company submits to ISG each quarter.

"The ISG Index™ is recognized as the authoritative source for marketplace intelligence on the global technology and business services industry," said Paul Reynolds, Chief Research Officer of ISG. "Birlasoft continues to establish itself as a leading and growing player in the global market for managed services, based on its volume of business in relation to other industry providers."

Shares of Birlasoft Limited was last trading in BSE at Rs.257 as compared to the previous close of Rs. 256.9. The total number of shares traded during the day was 92884 in over 2600 trades.

The stock hit an intraday high of Rs. 263 and intraday low of 248.75. The net turnover during the day was Rs. 23794784.

Source : Equity Bulls

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