Infosys launches Business Assurance Store
IT major Infosys announced the launch of Infosys Business Assurance Store, a knowledge based solution with a repository of over one million test assets across various domains, technologies, products as well as packages. The solution is likely to enable clients to enhance productivity in test planning, aiding continuous study and minimizing dependency on subject matter experts.
This solution will use machine learning tools for traceability, knowledge clustering and optimization, enabling clients to access the solution through the Infosys Quality Assurance Workbench. Infosys Quality Assurance Workbench is an artificial intelligence based platform built for supporting all leading digital technologies such as mobile, internet of things, and cloud among others.
The company’s Business Assurance Store fast forwards the testing lifecycle across industry domains – such as Financial Services, Retail, Insurance, Health Care, Life Sciences, Manufacturing, Telecom, Energy, Utilities, Services and others, using technologies such as Java, .Net, MDM, Mainframe, and Middleware.
The company posted a tremendous hike of 37.6 per cent in its profit in the third quarter of FY18 on a yearly basis. The profit was largely driven by tax reversal according to the company. The tax reversal has come on the account of the conclusion of an Advance Pricing Agreement with the US Internal Revenue Service.
On Tuesday, the stock closed at Rs. 1122.90 per share, higher by 3.93 per cent on BSE. The stock had hit an intraday high of Rs. 1134.40 per share and an intraday low of Rs. 1080 per share on BSE, respectively.