Infosys Limited has announced a landmark $2 billion multi-year deal with a leading global financial services company for comprehensive cloud transformation services.
The contract, spanning seven years, represents one of the largest cloud deals secured by an Indian IT company in the current fiscal year. Infosys will provide end-to-end cloud migration, managed services, and AI-powered automation solutions.
Salil Parekh, CEO of Infosys, stated that this deal validates the company’s strong capabilities in cloud and digital transformation. The project will create over 5,000 new jobs across Infosys development centers in India and the United States.
The announcement sent Infosys shares up 4.2% on the NSE, with the stock closing at Rs 1,945. Analysts have upgraded their price targets, with most expecting the stock to touch Rs 2,100 in the near term.
This deal follows a series of large contract wins for Indian IT companies, signaling continued strong demand for digital transformation services globally.
