Indian business consulting, IT and outsourcing firm, Infosys Ltd. (INFY, Financial), gained traction in the cloud and digitization business, serving as the preferred cloud vendor for Microsoft. Quarterly results showed revenues up nearly 10% year-on-year, with digital revenue growth up 42%. The company also won a handful of Page 3 of 4 new client accounts, including Finnish postal service Posti and Toyota Material Handling Europe.
From Bernard Horn (Trades, Portfolio)'s third-quarter 2019 Polaris Global Value Fund shareholder letter.
