Infosys (INFY - Free Report) recently announced that it has inaugurated a new Digital Studio in Berlin to expand its presence in the market for digital transformation solutions in Europe.
The new studio is backed by the company’s customer experience and product design subsidiary, Brilliant Basics.
With this move, the company will be able to cater to clients in Germany, Austria and Switzerland, across key industries such as telecom, oil and gas, technology, automotive, engineering and manufacturing.
Digital Transformation — A Key Driver
Infosys has been attempting to strengthen the digital transformation capabilities to expand and strengthen its position in the highly competitive environment. CEO Sahil Parikh has also been focusing more on investments in digital technologies ever since he joined office.
The company's focus on Agile Digital and AI-driven Core services is a tailwind. We note that the company generated 28% of revenues from its digital business in fiscal 2018, which was 26.9% higher year-over-year.
Zacks Rank and Stocks to Consider
Infosys currently has a Zacks Rank #3 (Hold).
A few-better ranked stocks in the broader technology sector are YY Inc. (YY - Free Report) , Science Applications (SAIC - Free Report) and Verint Systems (VRNT - Free Report) , all sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth for YY, Science Applications and Verint is projected to be 26.4%, 5% and 10%, respectively.
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