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Infosys wins $2bn AI deal from its existing client for five years
Mint Mumbai
|July 19, 2023
Infosys, India’s second-largest information technology (IT) services company by market capitalization, late on Monday said that it has signed a mega deal with one of its existing clients. In an exchange filing, the company said that the deal to provide artificial intelligence (AI) and automation development, modernization and maintenance services is valued at $2 billion, and will be spread over the next five years.
Details of the client were not disclosed. Infosys declined to comment on an email query sent by Mint. The company is set to announce its fiscal first quarter financial results on 20 July.
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