Datamatics Global Services extends gains; stock surges another 5% on partnership with Microsoft

2 min read | Updated on August 28, 2024, 11:48 IST

SUMMARY

The company announced it has partnered with Microsoft to develop its own copilot solutions focusing on process automation to accelerate business transformation for organisations.

The stock in Tuesday's session settled at 20% upper circuit following the news.

Shares of Datamatics Global Services were trading nearly 5% higher at ₹703.65 apiece on the BSE in the morning deals on Wednesday, August 28, a day after the company announced it has partnered with Microsoft to develop its own copilot solutions focusing on process automation to accelerate business transformation for organisations.

The stock in Tuesday's session settled at 20% upper circuit following the news.

"Datamatics has launched a partner onboarding copilot available on the Microsoft Teams store that integrates Azure OpenAI with the Datamatics Intelligent Automation Platform. With this new feather in the cap, Datamatics was recognised 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," the company said in its press release.

Commenting on the partnership, Shashi Bhargava, EVP and Head of Intelligent Automation, Datamatics, said, “The Datamatics suite of Generative AI-powered Intelligent Automation products and solutions with Microsoft Copilot have created new avenues of automation and go-to-market precedents. The Partner Onboarding application is just one testament to its capability to fulfill business requirements and customizations to suit changing business scenarios.”

Bhargava added, “We take immense pride in being recognised by Microsoft as a global leader in Copilot adoption and are proud to lead the way in redefining organizational operations, and this is only the beginning of our journey!”

About Datamatics

Datamatics is a digital technologies, operations, and experiences company that helps global enterprises enhance their productivity and customer experience.

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The company has a presence across four continents with significant delivery centres in the USA, India, and the Philippines.

Shares of the company have gained 31% in the past 12 months and 895% in the past five years.

About The Author

Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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Datamatics Global Services extends gains; stock surges another 5% on partnership with Microsoft

About Datamatics

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