Infosys jumps up over 2%

Infosys has jumped up over 2.3% to Rs.1140; it has come off this intra day high but it remains firmly in the green.

The stock price is reacting to the news that UCAS, the admissions service for UK higher education, has extended its existing partnership with the company to support its business strategy up to 2021.

In the last three years, UCAS’ partnership with Infosys has reaped immediate dividends, with system outage times slashed by 90 per cent, while UCAS customer satisfaction scores with UCAS peak periods of confirmation and clearing, have jumped from 60 to 94 per cent.

As part of the renewed engagement, Infosys will provide a wide range of digital services that will enable UCAS to continue to develop technology capabilities that connect learners to multiple destinations, such as universities, awarding bodies, schools and other organisations, using a dynamic digital suite of systems that responds to a rapidly changing higher education sector in the UK. Infosys will now concentrate on helping UCAS achieve its ambitious targets on lowering costs, optimising and enhancing services for students, delivering more robust security, and providing business-as-usual (BAU) services between legacy and new digital systems.