Birlasoft gains 17 per cent on partnering with Microsoft

Birlasoft, a part of multibillion-dollar diversified CK Birla Group, announced a global strategic cloud alliance with Microsoft on Tuesday. Reacting to the announcement, the share traded 17.14 per cent higher at Rs 175.9 on BSE.

With Birlasoft’s industry expertise and power of Microsoft’s cloud platform, the partnership will help the clients to accelerate their digital process. This strategically positioned collaboration with Microsoft is likely to support its enterprise clients with their cloud transformation needs from infrastructure to business applications. Moreover, Birlasoft plans to extend its current Microsoft cloud business to USD 100 million.

Building on the present collaboration, the company will focus on providing end-to-end services on Microsoft Azure, Microsoft 365, and Microsoft Dynamics 365, to its clients. The partnership will enable the customers in the target industry to adopt Microsoft cloud technologies and services.

At around 12.18 pm, the share of Birlasoft Limited is trading at Rs 172.50 per piece with gains of 14.96 per cent or Rs 22.45 on BSE. The share has a 52-week high of Rs 177.8 and a 52-week low of Rs 47.6 on BSE.