Infosys to support KONE’s IT transformation

KONE has selected Infosys to support its IT transformation.

Oct 04, 2017 02:10 IST India Infoline News Service

KONE has selected Infosys to support its IT transformation, informed the company through a BSE filing on Wednesday. Infosys strengths in SAP, systems delivery and automation will strengthen KONE’s IT capabilities in application development and maintenance.

Infosys will also establish its first design and innovation centre in Helsinki, consolidate its presence in the market as well as strengthen its position in the Nordics region.

The facility will also provide end-to-end technology, consulting and systems integration services and will house a design thinking and innovation lab where Infosys customers across Nordics will have access to disruptive tools and technologies that can transform their business.

Meanwhile on bourses, the stock slipped 0.34% at Rs 901.40 per share attracting a total traded quantity of 0.72 lakh shares.

The stock on yearly basis has lost 14.11% and has underperformed BSE Sensex index and BSE IT index.

The company has been maintaining a dividend payout ratio of 45.33%.

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