Infosys (NSE, BSE, NYSE: INFY), a global leader in nextgeneration digital services and consulting, today announced that it has been positioned as a Leader in the IDC MarketScape: Worldwide Managed Multicloud Services 2021 Vendor Assessment (Doc #US45977020, October 2021). The report highlights Infosys' comprehensive approach to delivering managed cloud services, as part of Infosys Cobalt, its ability to efficiently operate cloud workloads, and offer seamless cloud-powered enterprise transformation for clients.
For the report, IDC MarketScape evaluated 14 managed multicloud service providers based on their service coverage and lifecycles, portfolio, revenue, and partner network. As a leader, Infosys was recognized for its technology and domain expertise, broad repository of assets, tools, solutions, platforms and accelerators that are integral to Infosys Cobalt. The report also highlighted Cobalt Community, which includes Infosys employees, customers, cloud partners, and start-ups, an expanding ecosystem of technology and innovation hubs that give Infosys the ability to deliver faster time to market for its global clients. IDC MarketScape further recognized the role of Infosys' Cloud Managed Services in enhancing resilience and agility of its clients' IT ecosystem on the cloud.
The assessment highlighted Infosys' strengths in the following areas:
- Infosys showcased strength in migration and modernization of applications to the cloud using managed multicloud services.
- Infosys also exceeded market averages in using managed multicloud services for blockchain on public clouds (spanning IaaS, PaaS, and/or SaaS) as well as for its total number of centers of excellence (COEs)/labs (physical locations) to support these services.
- From a business perspective, Infosys exceeded market standards in the share of worldwide managed multicloud services business generated from applications (e.g., ERP, SCM, CRM) and applications development/deployment using multicloud environments along with the share of managed multicloud services business generated from its own sales resources.
- Finally, Infosys exceeded the industry standard for its client retention rate and was highly rated by customers for cost savings' effectiveness.
"With the breadth of its managed multicloud services resources, Infosys is positioned to help clients with their cloud strategies as well as ensure that enterprises can meet the demands of a hyperdynamic market and increasing need to ensure business resilience," said David Tapper, Program Vice President, Outsourcing and Managed Cloud Services, IDC. "In supporting enterprises with their multicloud requirements, clients indicate that Infosys can meet SLAs, deliver cost-effective solutions, enable access to full array of public cloud providers, and provide business and technology expertise."
Narsimha Rao Mannepalli, Executive Vice-President, Head of Cloud & Infrastructure Solutions, Infosys, said, "We are delighted to be recognized as a Leader in the IDC MarketScape 2021 for Worldwide Managed Multicloud Services. This is an acknowledgement of our strong capability in this space, and our focus on a customer-centric approach. Leveraging our Cobalt portfolio, deep contextual knowledge, rich partner ecosystem and industry expertise across verticals, we will continue to support our clients grow their business with speed, scale, and agility."
Shares of Infosys Limited was last trading in BSE at Rs. 1798.70 as compared to the previous close of Rs. 1821.70. The total number of shares traded during the day was 314664 in over 20152 trades.
The stock hit an intraday high of Rs. 1830.00 and intraday low of 1786.75. The net turnover during the day was Rs. 568636580.00.
Source : Equity Bulls