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Infosys (INFY) to Upgrade Council of Europe's HR Platform

CDK DOX INFY CUDA

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Premium technology services and consulting firm Infosys (INFY - Free Report) recently announced that it has deployed an upgraded human resource management and payroll solutions for the Council of Europe. This 18-month project strengthens Infosys’ decade-old partnership with the renowned human rights organization.

Per the deal, Infosys will be managing and customizing the cumbersome HR processes of its client by deploying its Oracle PeopleSoft Human Capital Management 9.2. This integrated HR and payroll system will result in reducing the payroll execution time to 22 minutes from the usual 10 hours time frame. Cumulatively, this can deliver over 200 hours a month in time savings.

Some of the notable features of the revamped version include Core HR, Global Payroll, Absence Management, Administer Training, Base Benefits, Health & Safety and Company Car Entitlement. These added capabilities will aid the company in delivering better user experience and self-service capabilities. In a nutshell, this will improve business productivity of the Council of Europe.

Meanwhile, there is a pressing demand in public sectors of Europe for renewing HR and payroll systems. Infosys believes that there is ample scope for further market traction of Oracle PeopleSoft Human Capital Management, thus fortifying its foothold in the continent. Of late, Infosys’ innovative offerings have helped it clinch major clients, thus supplementing its top line.

During second-quarter fiscal 2017, the company made large deal wins, worth $1.209 billion. This includes new deal wins of $138 million and framework deals of $1.071 billion. Infosys added one new client above $100 million and two new clients above $50 million. We believe that a robust product portfolio and positive industry trends bode well for long-term growth of the Zacks Rank #3 (Hold) company.

Stocks to Consider

Some better-ranked stocks in the broader consumer discretionary sector include Barracuda Networks, Inc. (CUDA - Free Report) , Amdocs Limited (DOX - Free Report) and CDK Global, Inc. (CDK - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Barracuda Networks is a California-based security and storage solutions provider. The company has a striking earnings surprise history over the trailing four quarters, having beaten estimates in each of them, for a remarkable average of 525%.

Amdocs Limited is a leading provider of customer care, billing and order management systems for communications and Internet services. The company has a decent earnings history, with an average positive surprise of 2.8% over the trailing four quarters.

CDK Global provides integrated information technology and digital marketing solutions to the automotive retail industry. The company has an impressive earnings surprise history over the trailing four quarters, beating estimates all through for an average of 9.2%.

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