Shares of Infosys were trading 1% higher on 22 November after the company announced its strategic partnership with TK Elevator to modernize, harmonize, and consolidate TK Elevator’s digital environment.

The collaboration includes the existing Data Center, Service Desk, LAN, Cloud, and Workplace, as well as SD-WAN operations and transformation. The partnership aims to support TK Elevator in staying one step ahead of a changing and cutthroat market.

In its quarterly earnings for July-September, the company reported a 3% year-on-year (YoY) increase in its net profit to Rs 6,212 crore during the quarter from Rs 6,021 crore reported in the year-ago quarter.

The company reported a 6.7% YoY increase in its net revenue to Rs 38,994 crore for the quarter under review from Rs 36,538 crore reported in the same quarter of the previous fiscal year.

As of 30 September, the promoters of the company hold a 14.8% stake in the company, while the FIIS (foreign institutional investors) own 33.5% stake in the company, DIIs (domestic institutional investors) hold 35.3% stake in the company, and the public holds 16.1% stake in the IT giant.

At 3:30 pm, the shares of Infosys closed 1.27% higher at Rs 1,457.30 on NSE.