Infosys Limited was trading lower in the early trade on September 27, falling for the fourth consecutive day. The stock has lost more than 3 percent during the period.
The decline continues even after the Bengaluru-based IT services firm on September 26 announced a tie-up with Microsoft to develop solutions that use the Indian company’s artificial intelligence (AI)-first offering Topaz, and the American tech giant's Azure OpenAI Service and Azure Cognitive Services.
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Both companies were bringing together their AI capabilities “to enhance enterprise functions with AI-enabled solutions across multiple industries”, the Indian IT services major said. This would accelerate the democratisation of data as well as intelligence that would help businesses with revenue growth and productivity, it added.
Commenting on the development, Balakrishna DR (Bali), Executive Vice President and Global Head, of AI and Automation, at Infosys, said, "Infosys Topaz is empowering businesses with improved operational efficiencies and reduced time-to-market for launching new products and services."
In early September, Infosys signed a multi-year partnership with STARK Group, Europe's retailer and distributor of building products, to accelerate its digital transformation journey. This collaboration, the global digital services and consulting company said, would leverage the potential of Topaz.
As part of this collaboration, Infosys and STARK Group would build a cutting-edge data centre in Denmark that would serve as the cornerstone for driving technical breakthroughs and providing seamless services to the group's offices in Europe.
At 9.55 am, the stock was trading at Rs 1,452, down 0.59 percent from the previous day.
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