Infosys and Telstra have announced a joint venture to accelerate AI-enabled cloud and digital transformation solutions for Australian enterprises, with Infosys acquiring a 75% stake in Versent Group, a leading Australian digital transformation provider.

Telstra CEO Vicki Brady expressed confidence in the partnership's potential to unlock value and drive growth, highlighting their combined strengths in connectivity and digital engineering.

Versent Group, employing 650 engineers, specializes in cloud strategy and digital transformation for large organizations across sectors like government, finance, energy, and utilities, thereby strengthening Infosys' local presence.

The partnership aims to deliver secure, resilient, and AI-driven cloud solutions tailored to the Australian and New Zealand markets.

The transaction is expected to close in the second half of FY 2026, pending regulatory approvals, and signifies a strategic move to enhance technological leadership and innovation for regional enterprises.

In the recent quarter, Infosys reported a net profit of ₹6,921 crore, a slight decline, but exceeded revenue estimates with ₹42,279 crore, driven by strong deal wins worth $3.8 billion, leading to an upward revision of its revenue growth guidance to 1%.

On the stock market, Infosys shares hit a high of ₹1,452.5, marking the biggest intraday increase since July 15, with a trading volume over 2.5 times the 30-day average, and closed up 1.6% at ₹1,450.

Nomura analysts maintain a 'Buy' rating for Infosys, with a target price of ₹1,880 per share, citing the partnership with Telstra as a key factor in expanding its presence in Australia and increasing its client base in the private and government sectors.

This strategic move builds on existing collaborations between Infosys and Telstra, including previous partnerships in software engineering and the Connected Future 30 strategy.

This deal underscores Infosys' commitment to expanding its footprint in Australia, with analysts noting that the partnership could bolster its presence in the private and government sectors.