Infosys shares in focus after securing GCC deal with Lufthansa for digital transformation
Infosys shares will be in focus on Wednesday, February 19, after the company announced the establishment of a Global Capability Centre (GCC) for Lufthansa to support the German airline's digital transformation.
As part of a $300 million IT contract, the GCC will enhance Lufthansa Group’s software and product development while strengthening support for Lufthansa Systems’ (LSY) products.
The centre will develop aviation IT products and data-driven solutions using Infosys Topaz, an AI-first offering with generative AI technologies. It will also enhance key functions, including finance, flight navigation, network and schedule design, and aircraft and crew operations.
“Infosys' expertise in digitalisation and innovation using AI and data-driven solutions will be instrumental in optimising our operations, enhancing passenger experiences, increasing productivity and stability of our operational processes,” Thomas Rückert, CIO of Lufthansa Group, said.
Ashiss Kumar Dash, EVP & Global Head, Infosys, said, “Entering into this long-term collaboration with Lufthansa Group and Lufthansa Systems demonstrates the confidence leaders in the aviation industry have in Infosys’ cutting-edge technologies and domain expertise. By leveraging our AI-readiness with Infosys Topaz and industry cloud solutions like Infosys Cobalt Airline Cloud, we will help Lufthansa Group optimize operations and enhance customer experiences, paving the way for a new era of sustainable and efficient air travel.”
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