Indian software giant Infosys agrees on a pact with British corporation Rolls-Royce becoming its strategic long-term partner for delivering engineering and digital services. The engagement entails leverage of Infosys’ turbo machinery and propulsion practice to offer Rolls-Royce end-to-end complex engineering and digital solutions, the company reported.
According to the company, Infosys has immense experience in aero and land-based turbine projects. They are also experienced in spanning component development, manufacturing technologies, service engineering, support, testing and validation services.
ABOUT THE COMPANIES:
Infosys has been in the market three decades and has grown on to become a global leader in digital services and consulting. Infosys has been the flag bearer when it comes to developing homegrown companies and startups. The company has
Furthermore, Total revenue for the company in Q3FY19 was $11.59 billion USD (21,400 Crores INR). Its revenue has grown by 20.3% in Q3FY19 over Q3FY18. With a phenomenal 98.1% rate of repeat customers.The company has been diversifying and has ventured into many new and upcoming industries across globe like Aerospace, Financial Services and Life Sciences.
The legendary British automobile maker, Rolls-Royce has been a pioneer in making ostentatiously luxurious cars. It is among the top-of-the-line cars in the world. They have been the choice of royalty and the honchos of the business world. Apart from the car industry, the company is a major player in the aviation sector as well comprising of more than 400 airlines. Along with this, it has 160 armed forces,4000 marine customers which includes 70 navies. The company has customers in more than 150 countries. It has more than 5,000 power and nuclear customer. With annual underlying revenue of 15 billion GBP in 2018.
Impact of the Deal:
The deal comes in as a major shot in the arm for Infosys. Being tied with a major car manufacturing corporation is going to create a positive impact on the company.
Furthermore,Infosys has been expanding itself across globe. It has emphasized on the United States, employing over 7,000 people in different places across the country. Moreover, the firm has increased its revenue from Rs. 46,917 Crores in 2014 to 65,960 Crores in 2018. Shares of Infosys also took a flight after the announcement of this agreement with the shareholders all set to reap the benefits.