Birlasoft Jumps 15% On Announcing Collaboration With Microsoft

On Tuesday, shares of Birlasoft Ltd rose as much as 15.4 percent to Rs 173.4 apiece on announcing a strategic cloud alliance with Microsoft to help its clients accelerate their digital journey.

In a stock exchange filing, the IT services company said that it has plans to scale its current Microsoft cloud business to $100 million.

"With this collaboration, Birlasoft is strategically positioned to support its enterprise clients with their cloud transformation needs, right from infrastructure to business applications," it said.

"Building on the current collaboration, Birlasoft will focus on delivering end-to-end services on Microsoft Azure, Microsoft 365, and Microsoft Dynamics 365, to its clients. Together with Microsoft, Birlasoft will create innovative industry solutions and enable customers in focus industries to adopt
Microsoft cloud technologies and services," it said.

"The Strategic Cloud Alliance with Microsoft will further strengthen Biralsoft's digital offerings and will allow them to complement their industry expertise with the power of Microsoft clouds, to accelerate their clients' digital transformation journey," it added.

"Birlasoft empowers our customers to harness the full power of digital by combining enterprise applications with the most modern platforms, software and digitalization processes. Through this cloud alliance with Microsoft, our customers can expect an even broader range of solutions, delivered at a continually faster pace, which will accelerate the execution of their digital transformation strategies," said Dharmender Kapoor, CEO and MD of Birlasoft Ltd.