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Infosys inks 5-year deal with Dutch firm TNT

Infosys will use its collaboration technologies and world-wide presence to deliver a 24X7 service across multiple locations to support TNT’s global operations.

Infosys inks 5-year deal with Dutch firm TNT

India’s second largest software services firm Infosys  has signed a five-year agreement with global express delivery company TNT to help it simplify and transform technology applications.

As part of its turnaround and transformation strategy called ‘Outlook’, TNT is overhauling its IT capability to reduce complexity and cost and increase flexibility. “Infosys has been selected as the strategic technology partner for application development and maintenance services to accomplish this objective,” the IT major said in a statement on Monday.

However, no financial details were disclosed. Under the partnership, the current IT applications of TNT will be consolidated and standardised for higher quality of service and lower cost of operations, it added.

Infosys will use its collaboration technologies and world-wide presence to deliver a 24X7 service across multiple locations to support TNT’s global operations.

“TNT’s IT transformation roadmap resonates strongly with the ‘Renew-New’ strategy of Infosys. We look forward to helping TNT leapfrog to the next-generation SaaS and Cloud-based digital technologies that are customer friendly, cost effective and flexible,” Infosys Vice President and Head Europe Retail, CPG & Logistics Karmesh Vaswani said. TNT is one of the world’s largest express delivery companies.

On a daily basis, TNT delivers close to one million consignments ranging from documents and parcels to palletised freight. The company operates road and air transportation networks in Europe, Middle East and Africa, Asia-Pacific and Americas. Its revenues stood at 6.7 billion euros in 2014. 

Infosys stock price

On March 02, 2015, Infosys closed at Rs 2291.45, down Rs 3.4, or 0.15 percent. The 52-week high of the share was Rs 4401.00 and the 52-week low was Rs 1447.00.


The company’s trailing 12-month (TTM) EPS was at Rs 104.69 per share as per the quarter ended December 2014. The stock’s price-to-earnings (P/E) ratio was 21.89. The latest book value of the company is Rs 366.51 per share. At current value, the price-to-book value of the company is 6.25.

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