Danske Bank selects this IT company as their strategic partner to accelerate digital transformation!

The company has a ROCE of 40.7 per cent and a ROE of 31.8 per cent.

Infosys is a global leader in next-generation digital services and consulting. With over 300,000 employees, they empower clients in 56+ countries to navigate their digital transformation. Their expertise in managing global enterprises, cloud-powered solutions and AI-driven innovation enables businesses to thrive. They are committed to effective governance, environmental sustainability and fostering an inclusive workplace where diverse talent flourishes.  

Infosys has been selected as the strategic partner by Danske Bank to drive their digital transformation efforts. As part of this collaboration, Infosys will acquire Danske Bank's IT center in India, which currently employs over 1,400 skilled professionals. This partnership will enable Danske Bank to enhance customer experiences, achieve operational excellence and modernise its technology landscape.  

With its expertise in digital services and consulting, Infosys will accelerate the bank's technology transformation and optimise access to talent and capabilities. The estimated deal value for this collaboration is US $454 million for a 5-year period, with an option to renew for additional years.  

The company has delivered returns of 69 per cent over the past 3 years and returns of 94 per cent over the past 5 years. Additionally, the company has a ROCE of 40.7 per cent and a ROE of 31.8 per cent. Moreover, it has a healthy dividend payout ratio of 58.8 per cent.  

On Monday, shares of the company surged by 0.43 per cent to trade at Rs 1,271.10.  

Investors should keep a close eye on this trending IT stock.