Infosys will provide IT services, particularly in areas like application support and development to BP, Infosys said in a statement.
Country's second largest software exporter Infosys today said it has bagged a five-year contract from Europe's second largest oil and gas company, BP to provide IT services.
No financial details were provided.
Infosys will provide IT services, particularly in areas like application support and development to BP, Infosys said in a statement. "The agreement, effective September 1, 2014, will provideI T services across BP's operations, including corporate functions, upstream and downstream segments, energy trading and marketing," it said.
The agreement's geographical scope includes BP's main facilities in Houston, Texas and in the UK, as well as support in locations like Azerbaijan, Angola, Brazil and Singapore. The Bangalore-based firm will support BP in running, enhancing and developing business applications and improving business IT processes across all key BP IT operations, it said.
BP has a presence in about 80 countries. It employ over 83,000 people and operates two business segments: exploration and production, and refining and marketing. "Winning this contract demonstrates how we have evolved as a supplier and continue to work collaboratively with BP across their range of activities," Infosys Executive Vice President and Global Head, Energy, Communications and Services Rajesh K Murthy said.
Infosys stock price
On September 04, 2014, Infosys closed at Rs 3708.05, down Rs 26.55, or 0.71 percent. The 52-week high of the share was Rs 3847.20 and the 52-week low was Rs 2894.00.
The company's trailing 12-month (TTM) EPS was at Rs 185.71 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 19.97. The latest book value of the company is Rs 733.03 per share. At current value, the price-to-book value of the company is 5.06.
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