New Delhi: Datamatics Global Services’ shares hit a 20 per cent upper circuit on August 27 following the IT consulting firm’s announcement of a partnership with global tech giant Microsoft.
This collaboration aims to develop copilot solutions centred on process automation to hasten the business transformation.
The company’s shares sustained their climb, trading 20 per cent higher at Rs 673.2 on the NSE at 1:04 PM. The stock had opened at Rs 563.45 and reached a peak of Rs 648.95 during the day’s trading.
The Mumbai-based company has introduced a partner onboarding copilot in the Microsoft Teams store, integrating Azure OpenAI with the Datamatics Intelligent Automation Platform, according to the company’s statement.
The firm plans to enhance its copilot innovation and realize its full potential by offering tailored solutions to each organization, supported by Microsoft 365, the statement added.
Rahul Kanodia, Vice Chairman and CEO of Datamatics expressed excitement about being recognized as one of Microsoft’s leading ISV partners globally and being featured in the “AI First Mover” Series. He noted that Microsoft copilot and the generative AI field present substantial opportunities for businesses to automate processes and tap into their latent potential.
He affirmed that the partnership with Microsoft is rooted in a mutual dedication to empowering organizations across the globe and that Datamatics will persist in launching copilot-based products and services to expedite business transformation for their clients.
