Infosys has entered into a five-year agreement with an existing strategic client for AI and automation led development, modernization and maintenance services, the company announced on Tuesday through an exchange filing.
The client targets to spend $ 2 billion over the time span of the next five years.
However, the company did not reveal the name of the client and this is an existing deal that was closed and not a new one.
Infosys on Tuesday also announced the successful completion of the foundation phase of a major digital program for Bendigo and Adelaide Bank, one of Australia's biggest banks. Delivered in collaboration with Microsoft, the program enabled Bendigo and Adelaide Bank to consolidate multiple legacy document management systems into a single enterprise document management system (EDMS) and deliver better customer service.
Infosys Shares
The shares of Infosys on Tuesday morning at 10:13 am IST were trading at Rs 1,439.85, up by 1.15 per cent.
