Infosys (INFY) has teamed up with enterprise application software leader SAP (SAP) to provide Business Process Transformation-as-a-Service. Shares of the Indian multinational information technology company have gained 69% over the past year. (See INFY stock charts on TipRanks)
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Using SAP’s business process intelligence (BPI), Infosys will help clients transform their businesses by identifying opportunities and obstacles and building a roadmap for them.
The combination of Infosys’ BPTaaS and Cobalt portfolio with SAP’s BPI expertise will benefit clients by decreasing complexity and improving the efficiency of business processes.
The EVP & Global Head of Enterprise Application Services at Infosys, Dinesh Rao, said, “As we navigate through Cloud, BPI becomes an essential component of the transformation journey for enterprises. We are delighted to work with SAP in bringing the best-in-class offering to clients for enhancing their process efficiencies.”
Recently, Bernstein analyst Rahul Malhotra maintained a Buy rating on the stock and increased the price target to $26.11 from $23.58 (11.7% upside potential).
Consensus among analysts is a Hold based on 1 Buy, 4 Holds and 1 Sell. The average Infosys price target of $20.75 implies 10.2% downside potential from current levels.
INFY scores a 5 out of 10 on TipRanks’ Smart Score rating system, indicating that the stock is likely to perform in line with market averages.
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