Infosys Ties Up With ARLANXEO To Aid Digital Transformation
Zacks Investment Research | Nov 21, 2019 08:54PM ET
Infosys (NYSE:INFY) has been selected by ARLANXEO, a global market leader in synthetic elastomers, as an IT partner to boost the latter’s Digital Ecosystem Application portfolio.
Infosys will support ARLANXEO’s digital transformation journey with SAP (NYSE:SAP) S/4HANA’s assistance as the core platform, which will be leveraged across the organization.
With this partnership, Infosys will deliver IT support and projects for the company's S/4HANA digital ecosystem with a portfolio of SAP cloud and ecosystem applications. Moreover, Infosys will also aid its overall application development.
Furthermore, the company expects this collaboration to expand its footprint in the chemical industry of Europe.
Digital Transformation: A Positive
Infosys has been attempting to strengthen its digital transformation capacities for cementing its position in the highly competitive landscape.
The company is assisting its clients in more than 45 countries to create and execute strategies for their respective digital transformations. CEO Salil Parikh has also been focusing more on investments in digital technologies ever since he assumed office.
Notably, a large number of deal wins and rapidly-growing digital services are constant key catalysts for the company. Strong demand for its services in the cloud, IoT, cyber security, data and analytics is also a major driver. Higher investments by clients in digital transformation, artificial intelligence and automation are an upside as well.
IDC expects spending on technologies and services that enables digital transformation of business practices, products and organizations to reach $1.18 trillion this year, reflecting an increase of 17.9% year over year.
We therefore believe that the company’s initiatives to this end will favor its top line going forward.
Infosys Limited Revenue (TTM)
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