Infosys signs $1.5-bn Al contract

Total contract value of mega deals crosses 5 bn in Q2

- SAMEER RANJAN BAKSHI

INFOSYS SIGNED A memorandum of understanding with a global company to provide modernisation and other technological services, including artificial intelligence (AI)based solutions, with an estimated TCV (total contract value) of $1.5 billion over a period of 15 years. This takes the total large deals'TCV, which Infosys won till now, to more than $5 billion.

The IT major didn't disclose the name of the client. It will provide enhanced digital experiences, along with modernisation and business operations services, leveraging Infosys platforms and AI solutions, said the company in a filing with BSE. "This is subject to parties entering into a master agreement", added the company.