U.S. Markets closed
  • S&P 500

    3,901.36
    +0.57 (+0.01%)
     
  • Dow 30

    31,261.90
    +8.77 (+0.03%)
     
  • Nasdaq

    11,354.62
    -33.88 (-0.30%)
     
  • Russell 2000

    1,773.27
    -2.96 (-0.17%)
     
  • Crude Oil

    110.35
    +0.46 (+0.42%)
     
  • Gold

    1,845.10
    +3.90 (+0.21%)
     
  • Silver

    21.87
    -0.03 (-0.13%)
     
  • EUR/USD

    1.0562
    -0.0026 (-0.2429%)
     
  • 10-Yr Bond

    2.7870
    -0.0680 (-2.38%)
     
  • Vix

    29.43
    +0.08 (+0.27%)
     
  • GBP/USD

    1.2495
    +0.0020 (+0.1587%)
     
  • USD/JPY

    127.8500
    +0.0560 (+0.0438%)
     
  • BTC-USD

    29,546.92
    -263.15 (-0.88%)
     
  • CMC Crypto 200

    650.34
    -23.03 (-3.42%)
     
  • FTSE 100

    7,389.98
    +87.24 (+1.19%)
     
  • Nikkei 225

    26,739.03
    +336.19 (+1.27%)
     

Infosys (INFY) & Packable Tie Up to Create D2C Platform

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·3 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Infosys INFY recently announced a strategic collaboration with New York-based e-commerce platform, Packable, to integrate Infosys’ flagship human-centric digital commerce platform, Equinox, with Packable IQ.

Per the agreement, Infosys’ Equinox will combine Packable IQ’s intelligent pricing, consumer transaction data, smart inventory management and extensive fulfillment capabilities to create a highly competitive, cloud-native Direct to Consumer (“D2C”) platform, D2C-in-a-box, which will run and manage e-commerce website and operations of brands.

Integrated with Equinox’s microservices based and Application Programming Interface first design, Packable will be better suited to providing an engaging, innovative, and agile D2C platform to its brand partners.

Infosys intends to offer brands with digital advances including conversational commerce, augmented reality, voice and social commerce, enabling them to engage with consumers through rich and hyper-personalized experiences via this initiative. This collaboration highlights the company's commitment to nurture digital upskilling in support of e-commerce shopping.

Infosys Limited Price

Infosys Limited Price
Infosys Limited Price

Infosys Limited price | Infosys Limited Quote

The IT major has been reinforcing its digital-transformation capabilities to expand and solidify its position in the highly competitive environment. It is enabling its clients across over 45 countries to create and execute strategies for their digital transformation. Such efforts in the digital-transformation business will aid the company to compete with peers like Accenture and Cognizant.

However, Infosys is grappling with increasing anti-outsourcing sentiments in certain countries. Higher subcontractor costs and the company’s compensation revision with a higher variable pay and incentives are weighing on margins. Currency volatility between the India rupee and the U.S. dollar remains a major concern.

Zacks Rank & Stocks to Consider

Infosys currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector are Arrow Electronics ARW, which sports a Zacks Rank #1 (Strong Buy), while Advanced Micro Devices AMD and Qualcomm QCOM, both carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Arrow’s Zacks Consensus Estimate for fourth-quarter fiscal 2021 earnings has been raised to $4.42 per share from $3.85 in the past 60 days. For fiscal 2021, earnings estimates have moved north by 8.1% to $14.6 per share over the past 60 days.

Arrow beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average surprise being 18.6%. Shares of ARW have appreciated 30% year-to-date (“YTD”).

The Zacks Consensus Estimate for Advanced Micro Devices’ fourth-quarter 2021 earnings has been revised upward by 7 cents to 75 cents per share over the past 60 days. For 2021, earnings estimates have moved north by 1 cent to $2.64 per share in the last 60 days.

Advanced Micro Devices’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 14%. Shares of AMD have rallied 51.1% in the YTD period.

The consensus mark for Qualcomm’s first-quarter fiscal 2022 earnings has been raised to $3.01 per share from $3 in the past 30 days. For fiscal 2022, earnings estimates have been revised upward by 1.5% to $10.49 per share in the past 30 days.

Qualcomm’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 11.2%. Shares of QCOM have gained 20.7% YTD.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

QUALCOMM Incorporated (QCOM) : Free Stock Analysis Report

Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report

Infosys Limited (INFY) : Free Stock Analysis Report

Arrow Electronics, Inc. (ARW) : Free Stock Analysis Report

To read this article on Zacks.com click here.