20-May-2024Today's Market Indicators


Infosys join hands with Proximus to offer fiber and digital services
(14:57, 21 Nov 2023)

The IT major on Tuesday announced that it has collaborated with Proximus Belgium?s leading digital services and communications solutions provider, to deliver an IT modernization and consolidation project.

In a regulatory filing, the company said, ?The project will see Infosys consolidating key components of the IT stack of a Proximus affiliate into the main IT stack, enabling them among others to offer fiber and new digital services to more of its customers.?

As part of the project, Infosys acted as a managing partner to synergize Proximus? and its affiliate?s ecosystems, adopting an outcome-based model.

The highly complex project spanned over 70 applications, multiple vendors, and was completed in time and within budget. As result, the affiliate?s technology stack was modernized to meet future demands, with accelerated time to market, and an increased portfolio of offerings, the IT company stated.

Antonietta Mastroianni, chief digital & IT officer at Proximus, said, ? In order to continue to ensure smooth operations and an enhanced portfolio of offerings to all our customers, it was crucial to achieve deeper integration in the Proximus IT stack. A complex transition, involving multiple vendors, applications in an evolving landscape meant that we needed new operating model and sourcing strategy that could anticipate and adapt to our requirements. Infosys as a managing partner for this venture with the out-tasking model enabled us to successfully complete the program on time and with great quality of delivery.?

Infosys is a global leader in next-generation digital services and consulting. The IT giant's consolidated net profit rose 4.5% to Rs 6,215 crore on 2.8% increase in revenues to Rs 38,994 crore in Q2 FY24 over Q1 FY24.

Shares of Infosys rose 0.11% to Rs 1,437.90 on the BSE.

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