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Infosys (INFY), PTC Jointly Open Innovation Hub in Bengaluru

Zacks Equity Research
Updated

Recently,Infosys Limited INFY unveiled a combined Center of Excellence (CoE) with PTC India Ltd. (‘PTC’) in its Bengaluru campus. The new CoE will innovate premium solutions required for greenfield as well as brownfield industrial arrangements.

Over the last three months, shares of this Zacks Rank #3 (Hold) company rallied 16.1%, outperforming 4% growth recorded by the industry.

The company is poised to grow on the back of its Renew New strategy, stronger innovations and sound financial health. However, headwinds such as unfavorable foreign currency-translation impact or a possible securities fraud charge remain causes of concern.

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The newBengaluru CoE will strengthen Infosys’ conventional industry domains, in-depth product engineering know-how and Industry 4.0 leadership. The company intends to make targeted investments for inventing vertical-specific solutions powering technologies over the long term. These solutions will include an elaborate Internet of Things (IoT) ecosystem which will help consolidate the PTC ThingWorx platform. Some of these would be advanced product lifecycle management (PLM) solutions, service lifecycle management (SLM) solutions and Augmented Reality (AR) experiences. Notably, the users will be able to enjoy the benefits of IoT with these solutions.

Key Picks

Some better-ranked stocks in the same space are listed below:

CSRA Inc. CSRA sports a Zacks Rank of 1 (Strong Buy). The company’s earnings per share (EPS) is predicted to be up 9.5% in the next three to five years. You can see the complete list of today’s Zacks #1 Rank stocks here.

CDK Global, Inc. CDK holds a Zacks Rank of 2 (Buy). The company’s EPS is projected to rise grow 15% over the next three to five years.

CoStar Group, Inc. CSGP also carries a Zacks Rank of 2. The company’s EPS is predicted to grow 16.8% during the same time frame.

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