Thursday , October 21 2021

Birlasoft zooms on signing multi-year agreement with Invacare Corporation

Birlasoft is currently trading at Rs. 64.70, up by 5.95 points or 10.13% from its previous closing of Rs. 58.75 on the BSE.

The scrip opened at Rs. 61.30 and has touched a high and low of Rs. 65.70 and Rs. 61.30 respectively. So far 39917 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 149.50 on 24-Jan-2019 and a 52 week low of Rs. 57.40 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 65.70 and Rs. 58.25 respectively. The current market cap of the company is Rs. 1624.26 crore.

The promoters holding in the company stood at 40.85%, while Institutions and Non-Institutions held 36.54% and 22.60% respectively.

Birlasoft and Invacare Corporation have signed a multi‐year agreement wherein Birlasoft will deliver IT‐as‐a‐Service to Invacare, the world’s leading manufacturer of wheelchairs, bariatric equipment, disability scooters, respiratory products and other homecare products.

As a part of the IT transformation, the company will implement a new Product Lifecyle Management system and Invacare customers will benefit from a new ecommerce portal to access products, spares and supplies. The company will support Invacare in global implementation of SAP S/4HANA and associated SAP solutions, harmonizing business processes and information flows worldwide. New systems and processes will help drive innovation and operational excellence, in compliance with regulations.

Birlasoft combines the power of domain, enterprise and digital technologies to reimagine business processes for customers and their ecosystem. The company’s consultative and design thinking approach makes societies more productive by helping customers run businesses.

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