Infosys becomes 5th Indian firm to hit ₹5 trillion in market capitalization

INfosys

On Thursday, Infosys crossed the mark of ₹5 trillion in market capitalization. With the stocks jumping up to 61% this year, Infosys became the 5th Indian firm and only the second IT firm to achieve this milestone. Today on the Bombay Stock Exchange (BSE), the stocks of Infosys reached a record high at ₹1,185 per share. The share price rose 4.3% from its previous jump, resulting in breaching of the golden ₹5 trillion marks of its market cap. The company’s overall growth in the September quarter is deemed as better-than-expected.…

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Infosys takes over US-based digital service provider Blue Acorn iCi

Infosys

On Thursday, Infosys Ltd publicized an agreement to take over US-based Blue Acorn iCi for around $125 million. Blue Acorn iCi is a digital customer experience, commerce, and analytics solutions provider. In 2019, Blue Acorn iCi generated $43.6 million revenue and the Infosys acquisition is expected to close during the third quarter of 2021, as per reports. A statement issued by Infosys stated that this move will strengthen the company’s end-to-end customer experience and depicts the company’s efforts towards sustained commitment to transform and navigate clients’ digital journeys. Through merging…

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