Infosys gains on order from African bank

The order is from Fidelity Bank Plc., Nigeria to implement Finacle version 10

Shares of IT major Infosys were up nearly 1% after the company announced that it has received an order from Fidelity Bank Plc., Nigeria.

Infosys Finacle, part of the EdgeVerve Systems, a product subsidiary of Infosys announced that Fidelity Bank Plc., Nigeria will migrare its core banking platform from Finacle version 7 to version 10, the company said in a release.

Finacle version 10 will enable the bank to implement services such as SME banking, mangement information system reporting, application monitoring and disaster recovery automation, the release added.

The stock opened at Rs 1,166 and touched a high of Rs 1,176. At 11:10AM, over 1 million shares were traded on both the stock exchanges.