Datamatics Partners With Microsoft To Build AI Solutions, Shares Hit 20% Upper Circuit

Datamatics Global Services Ltd shares today hit 20% upper circuit after the company informed BSE that it has inked an alliance with Microsoft to build AI solutions through Copilots. Current market price of Datamatics Global Services shares on BSE is Rs 673.20 per share. Datamatics Global Services shares today hit 20% upper circuit and surged more than 18% in last 1-week and 2-weeks. The company has a market capitalisation of Rs 3,973.88 crore. Datamatics Global Services shares offered 123% returns in last 2-years. Check details below:

Datamatics Global Services Partners With Microsoft: According to the regulatory filing of the company dated August 27, 2024, "Datamatics, a global Digital Technologies, Operations, and copilot solutions focusing on process automation to accelerate business transformation for organizations. Datamatics has launched a Partner On-boarding Copilot available on the Microsoft Teams store which integrates Azure OpenAI with Datamatics Intelligent Automation Platform. With this new feather in the cap, Datamatics was recognized as one of the ISVs building an ISV custom copilot solution and they were featured in the Microsoft Build 2024 conference held in Seattle, USA, along with a prominent mention in the blog by Merav Davidson, Vice President, Industry AI from Microsoft."

Datamatics advances its copilot innovation by customizing solutions for each organization with support for Microsoft 365 or creating custom copilots for each unique client organization. This enables organizations to maximize the potential of copilots through a personalized, consultative approach rather than a one-size-fits-all method.

Speaking on the occasion, Rahul Kanodia, Vice Chairman and CEO of Datamatics said," We are thrilled to be named one of Microsoft's top ISV partners globally and to be highlighted in the "AI First Mover" Series. Microsoft Copilot and the Generative AI space offer significant opportunities for businesses to automate and unlock their untapped potential. Our collaboration with Microsoft is driven by a shared commitment to empower organizations worldwide. We will continue to introduce Copilot-based products and services to accelerate business transformation for our clients."

Datamatics Global Services Shares Performance: The 52-week high price of Datamatics Global Services shares on BSE is Rs 790.20 per share (as on 05/12/2023) and 52-week low price is Rs 455.00 per share (as on 04/06/2024), respectively. Datamatics Global Services shares offered return of 21% in last 3-months, declined over 8% year-to-date, soared 23% in last 1-year, and gained 113% in last 3-years. In last 5-years, Datamatics Global Services shares jumped 783%.

About: Datamatics enables enterprises to go Deep in Digital to boost their productivity, customer experience, and competitive advantage. Datamatics' portfolio spans across three pillars including Digital Technologies, Digital Operations, and Digital Experiences. It has established products in Intelligent Document Processing, Robotic Process Automation, AI/ML models, Smart Workflows, Business Intelligence, and Automatic Fare Collection. Datamatics caters to a diverse global clientele across Banking, Financial Services, Insurance, Healthcare, Manufacturing, International Organizations, and Media & Publishing.