Infosys Seals $1.5 Billion 15-Year Digital Transformation Deal with Global Partner

15 Sep 2023 , 02:58 PM

Infosys, a prominent Indian tech company, has inked a 15-year contract with a global entity to provide digital transformation and modernization services using its platforms and AI solutions. The contract is valued at an estimated $1.5 billion in client spending over the 15-year period, contingent on finalizing a master agreement as per the company’s exchange filing.

This deal is part of Infosys’ recent series of major contracts, including significant agreements with Liberty Global, Danske Bank, and AI transformation projects. The tech industry is witnessing a surge in substantial deals, driven by a focus on cost reduction and streamlining core operations.

TCS and HCLTech, among other key IT firms, have also secured substantial deals in recent times. A recent Kotak report highlighted the ongoing weak demand environment for IT companies, with Infosys countering this by emphasizing the growth potential derived from its recent mega deals, projecting a strong base for FY25.

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