Infosys strengthens on bagging $50 million deal from AT&T

Infosys is currently trading at Rs. 3150.35, up by 43.15 points or 1.39% from its previous closing of Rs. 3107.20 on the BSE. The scrip opened at Rs. 3122.00 and has touched a high and low of Rs. 3167.20 and Rs. 3084.80 respectively. So far 16263 shares were traded on the counter. The BSE group 'A ' stock of face value Rs. 5 has touched a 52 week high of Rs. 3847.20 on 03-Mar-2014 and a 52 week low of Rs. 2315.75 on 30-May-2013. Last one week high and low of the scrip stood at Rs. 3337.40 and Rs. 3005.00 respectively. The current market cap of the company is Rs. 181056.66 crore. The promoters holding in the company stood at 15.94% while Institutions and Non-Institutions held 55.76% and 12.20% respectively. Infosys has reportedly bagged a $50-million deal from telecom giant AT&T, with the Bangalore-based software exporter expecting the telecom player to become its first $100-million customer from Europe and the US in the coming years. The deal will see Infosys providing support for billing and Web solutions for three years to AT&T on a pay-peruse model, thereby helping Infosys' telecom vertical break into European markets. This deal comes at a time when Infosys aims to scale-up its presence in the European continent as the telecoms space continues to witness muted growth in the US. Infosys is a global leader in consulting, technology and outsourcing solutions. The company enables clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition.