Shares of Datamatics Global Services was locked in 20 percent upper circuit on August 27 after the IT consulting company announced a partnership with global tech major Microsoft to build its own copilot solutions focusing on process automation to accelerate business transformation.
The shares of the company continued its upward trend as they were trading 20 percent higher at Rs 673.2 quote on NSE at 13:04 pm. The stock opened at Rs 563.45 before touching day's high of Rs 648.95 on the stock exchange.
The Mumbai-based firm has launched a partner on-boarding copilot available on the Microsoft Teams store, which integrates Azure OpenAI with Datamatics Intelligent Automation Platform, the company statement said.
The firm will advance its copilot innovation and maximizing potential by providing unique solutions to each organization with Microsoft 365’s support, the statement said.
Rahul Kanodia, vice chairman and CEO of Datamatics said, “We are thrilled to be named one of Microsoft's top ISV partners globally and to be highlighted in the “AI First Mover” Series. Microsoft copilot and the generative AI space offer significant opportunities for businesses to automate and unlock their untapped potential. Our collaboration with Microsoft is driven by a shared commitment to empower organizations worldwide. We will continue to introduce copilot-based products and services to accelerate business transformation for our clients.”
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