Tuesday, June 11, 2024
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HomeStocksLTIMindtree inks a strategic collaboration with Microsoft

LTIMindtree inks a strategic collaboration with Microsoft

About the collaboration:

LTIMindtree a technology consulting and digital solutions company announced a strategic collaboration with Microsoft to introduce AI-powered employee engagement applications. This collaboration marks a significant leap forward in delivering enhanced employee and customer experiences. 

Under the umbrella of LTIMindtree’s innovative Canvas.AI suite of AI offerings and solutions, these generative AI-powered employee engagement applications will redefine enterprise effectiveness and enable greater personalization. LTIMindtree’s generative AI-powered employee engagement applications utilize Microsoft Azure OpenAI service and Azure Cognitive Search to enable a range of AI-led capabilities including: content summarization, graph-led knowledge structuring, and an innovative copilot. This transformative approach is set to enhance the cognitive intelligence within organizations, setting a new standard for employee engagement applications.

LTIMindtree also inaugurated a Microsoft Cloud Generative AI Center of Excellence (GenAI CoE), recently. This centre serves as a hub for innovation, enabling customers to scale their digital transformation initiatives utilizing the power of Generative AI.  

Stock Performance   

In the last trading session, the stock closed at Rs 6,139.50. Today, it opened at Rs 6,179 and currently trading at Rs 6,091.85, down by 0.78%. The company’s 52-week high stands at Rs 6,215.80 while its 52-week low stands at Rs 4,120. The company currently boasts a market capitalization of approximately Rs 1,80,250 crore. Over the past one year, the shares of the company have given staggering returns of 39.29% while in the same time frame, BSE IT have changed by 25.64%.

About the company

LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients. LTIMindtree a Larsen & Toubro group company combines the industry-acclaimed strengths of erstwhile Larsen and Toubro Infotech and Mindtree in solving the most complex business challenges and delivering transformation at scale.  

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