Tag: IT companies
IT major Infosys loses $1.5 billion contract from global customer
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Infosys on Saturday announced that a global client has terminated a $1.5 billion deal.
In September this year, India’s second-largest IT services company, Infosys had announced the signing of a $1.5 billion deal with a global company (which they had not named) to provide enhanced digital experience along with modernization and business operations services, leveraging Infosys platforms and AI solutions. The deal was for a 15-year duration.
In a filing on the exchanges, Infosys said, “The global company has now elected to terminate the Memorandum of Understanding and the parties will not be pursuing the Master ... Read more