Infosys Ltd ADR (NYSE: INFY) is having an overwhelmingly strong start to the trading session this morning, and for good reason. The company announced the launch of a unique new store, leading to excitement among investors and sending the stock toward the top. Today, we’ll talk about the news, what we’re seeing from INFY, and what we’ll be watching for ahead.
INFY Gains On The Launch Of The Infosys Business Assurance Store
As mentioned above, Infosys is having an incredibly strong start to the trading session this morning. The company issued a press release early this morning, announcing the launch of the Infosys Business Assurance Store.
In the release, INFY said that the new store is a knowledge-based solution with a repository of more than 1 million test assets across various industry domains, technologies, products and packages. The system also aids in continuous testing and minimizes dependency on subject matter experts.
Ultimately, INFY says that the store helps clients drive greater operational efficiencies and accelerate business agility through improved test design. This is done through the use of machine learning tools for traceability, knowledge clustering and optimization.
The company said that clients can access the solution through the Infosys Quality Assurance Workbench, which is an artificial intelligence-based platform built for supporting all leading digital technologies such as MObile, Internet of Things, and Cloud among others. In a statement, Ravi Kumar S, President and Deputy Chief Operating Officer at INFY, had the following to offer:
“Testing has taken a paradigm shift from being an end-of-lifecycle activity to managing user experience in the digital landscape. This solution is about expediting testing and utilizing test cases, built through our years of experience in delivering agility to our customers’ businesses. Infosys Business Assurance Store is an endeavor to bring in transformation and fuel automation in the testing space and this solution is testimony of our deep experience of over 15 years.”
What We’re Seeing From The Stock
As investors, one of the first things that we learn is that the news moves the market. So, with such positive news out of Infosys, it’s no surprise that we’re seeing strong gains in the value of the stock. At the moment (11:22), INFY is trading at $17.76 per share after a gain of $0.95 per share or 5.65% thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on INFY. In particular, we’re interested in following the story surrounding the Infosys Business Assurance Store and excited to see the revenue that it generates. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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