Infosys eyes AI boost, early extension for Daimler deal

Discussions to extend Infosys's biggest deal on, both hopeful of closing deal by next year

- Jas Bardia

India's second-biggest information technology services company has begun work much in advance to expand its largest contract worth more than $3 billion, according to two people with knowledge of the matter.

Bengaluru-headquartered Infosys Ltd wants an early extension of the eight-year contract signed in December 2020 with German automobile major Daimler, the people added, with a new revenue arm added that brings in artificial intelligence (AI) tools into the deal.

The Daimler project, dubbed 'Twice As Fast Program' inside Infosys, has the company offering solutions in six areas-network, security, SAP basis, data centre, workplace, and operations-and assures it of average annual revenue of $400 million, according to the two people cited earlier.

The data centre business brings in $160 million revenue annually, while the remaining software and hardware components bring in the balance $240 million.