Infosys has entered into a three-year strategic collaboration agreement with Amazon Web Services (AWS) to accelerate financial cloud transformation in financial institutions, the IT major informed the bourses on Wednesday, November 8.

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Infosys and AWS are collaborating "to deliver technology transformation and industry-specific solutions to financial organisations supported by joint investments into go-to-market and delivery capabilities across Europe, Middle East, and Africa regions."

Their customers will receive AWS' transformative cloud services, Infosys' domain knowledge and delivery, and the expertise of Infosys Capital Markets to transform their business models and modernise their applications, the statement said.

"By leveraging Infosys Cobalt's industry cloud solutions, assets, and frameworks, we are committed to helping financial organisations accelerate their business outcomes,” said Dennis Gada, Executive Vice President, Global Head of Banking & Financial Services, Infosys.

Meanwhile, Mark Jopling, director of GFS EMEA sales at AWS, said that Infosys will extend the reach of the combined services and expertise with Infosys to help financial institutions innovate quicker and increase their agility.

"Combining our cutting-edge cloud innovation with Infosys’ technology transformation expertise, we now offer customers more capabilities and solutions to specific financial industry challenges at speed and scale," he said.

Infosys shares were trading 0.3% lower at ₹1,400.05 apiece at 2 pm.

For the September quarter, Infosys reported a US dollar revenue of $4.71 billion, which is slightly higher than a CNBC-TV18 poll expectation of $4.65 billion. On a sequential basis, US dollar revenue grew by 2.2%, while estimates projected 0.8% sequential growth.

The company reported revenue of Rs 38,994 crore, which was higher than the Rs 38,425 crore projected in the CNBC-TV18 poll. Operating profit for the quarter, at Rs 8,274 crore, surpassed the Rs 8,070 crore estimate.

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(Edited by : Ajay Vaishnav)

First Published:Nov 8, 2023 2:36 PM IST