This announcement has already started delivering positive results for Infosys. Reports suggest, that Infosys has witnessed a jump of 1.7% in the BSE after the company extended its working relationship with Oracle.
Infosys and Oracle will expand their relationship across digital marketing, big data and Oracle Cloud Applications, underpinned by investments from Infosys in Oracle technology. Talking about this recent development, Ravi Kumar, Executive Vice President and Global Head, Oracle Practice, Infosys said, “Infosys has worked with Oracle to create a wide range of service offerings to help our joint clients take advantage of the transformational power of software. Oracle continues to develop their products to help businesses compete and grow. Combining the innovation power of Oracle and the global consulting and systems integration expertise of Infosys will enable organizations to redesign and transform their operations and derive increasing value from existing and emerging technologies.”