Infosys Seals A $1.5 Billion Deal With A Global Client Spanning 15 Years
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Infosys, a prominent IT industry player, unveiled a $1.5 billion partnership deal with an existing strategic partner, refraining from revealing the client’s identity. This contract spans 15 years and is geared towards leveraging artificial intelligence (AI) and the corporation’s platform solutions.
However, the company’s name still needs to be revealed, and Infosys must clarify whether this is a new or existing client.
Infosys has also formalized a memorandum of understanding with the worldwide corporation, intending to offer enhanced digital experiences, business operations, and modernization services.
This partnership will utilize artificial intelligence (AI) and Infosys’ platform solutions. Completing this partnership depends on both parties reaching a Master Agreement, as mentioned in the company’s filing with the stock exchange.
Infosys Secures More Deals With Global Firms
Infosys secured another substantial deal worth $1.5 billion in May with the British oil and gas company BP. The team continued in June when they inked a second contract with Danske Bank, valued at $454 million. Notably, July brought another significant growth as Infosys announced a massive $2 billion agreement with an existing strategic client.
Most recently, in August, Infosys partnered with Liberty Global, a London-based telecommunications company, and signed a $1.64 billion contract for the first five years. This partnership aims to enhance the telco’s digital connectivity and entertainment platforms. Nevertheless, if the contract extends to eight years, Infosys stands to offer services to Liberty Global valued at $2.5 billion.
The latest agreement, revealed on Friday, heavily leverages Artificial Intelligence (AI). This is similar to the Liberty Global deal, where Infosys utilizes Topaz, its AI offering, to bring AI-driven digital entertainment to Liberty Global’s clients.
Infosys Collaborates With Jaguar Land Rover
In another month’s announcement, Infosys highlighted a strategic collaboration with the Jaguar Land Rover (JLR) digital unit in the next five years. It was supported by Infosys’ more prominent peer, Tata Consultancy Services (TCS). This partnership, valued at £800 million, aims to accelerate the luxury carmaker’s IT infrastructure modernization.
TCS has also completed several partnership deals with UK-based organizations. In June 2023, India’s premier IT services company secured a deal with the UK’s National Employment Savings Trust (Nest) valued at $1.9 billion for 18 years.
The firm also established a two-year partnership with the Department of Education to enhance the user experience for the Teacher’s Pension Scheme in Wales.
