Infosys wins multi-year data centre deal from Daimler AG

Written By Unknown on Selasa, 22 Juli 2014 | 23.25

The agreement was signed in the second quarter of Infosys' financial year 2013-14 and the transition was completed and steady state operations started in first quarter of 2014-15, it added.

IT services major  Infosys today said it has secured a multi-year deal from automaker maker Daimler AG for the management of infrastructure services and data centres.

Financial details of the deal were not revealed. Infosys said in a statement that it has entered into a multi-year agreement with Daimler AG "covering management of infrastructure services and data centres, providing e-collaboration and middleware services as well as overseeing database operations".

Also read: Exclusive: Exit interview of Infosys' Shibulal

The agreement was signed in the second quarter of  Infosys' financial year 2013-14 and the transition was completed and steady state operations started in first quarter of 2014-15, it added.

Under the agreement, the firm has completed successful transition to take over operation of European data centres of the automobile maker, it said. This collaboration lays the foundation for optimising data centre operations using secure cloud technologies and the service will be delivered out of Daimler's Enterprise Operations Office in Bangalore, Infosys added.

"Radically changing markets and customer demands are making manufacturers relook at their technology backbones to seek solutions that enable rapid response at manageable costs and without disruption," Infosys Associate VP and Head of Automotive in Europe Ruchir Budhwar said.

Such solutions allow companies to react quickly, at low cost and without downtime, he added. Infosys will manage the day-to-day data centre operations driven by a shared vision to innovate and transform  these facilities, Budhwar said.

Infosys stock price

On July 22, 2014, Infosys closed at Rs 3235.10, up Rs 28.65, or 0.89 percent. The 52-week high of the share was Rs 3847.20 and the 52-week low was Rs 2825.00.


The company's trailing 12-month (TTM) EPS was at Rs 185.71 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 17.42. The latest book value of the company is Rs 733.03 per share. At current value, the price-to-book value of the company is 4.41.


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