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Jun 14, 2012, 06.28 PM IST | Source: Moneycontrol.com

Infosys, Israel sign pact for industrial R&D

India's second largest software services provider Infosys has signed a memorandum of understanding with Israel to establish and enhance cooperation in industrial research and development.

Infosys, Israel sign pact for industrial R&D
Moneycontrol Bureau

India's second largest software services provider Infosys has signed a memorandum of understanding with Israel to establish and enhance cooperation in industrial research and development.

This MoU is a part of the global enterprise collaboration programme developed by the office of chief scientist of Israel to accelerate innovation through a global ecosystem, the company said on Thursday.

"The MoU creates a framework for industrial cooperation between Infosys and Israeli corporations in the emerging technology areas of cloud, information security, sensors, analytics and sustainability," it said.

Infosys Labs, the research and innovation arm of Infosys, strengthens its existing innovation ecosystem of clients, partners and industry consortia through this MoU, it added.

Infosys shares closed up 1.1% at Rs 2,498.30 on NSE on Thursday.

Infosys stock price

On October 31, 2014, Infosys closed at Rs 4051.45, up Rs 105.30, or 2.67 percent. The 52-week high of the share was Rs 4070.00 and the 52-week low was Rs 2894.00.


The company's trailing 12-month (TTM) EPS was at Rs 203.80 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 19.88. The latest book value of the company is Rs 733.03 per share. At current value, the price-to-book value of the company is 5.53.

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