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Infy clinched $2.9-bn new deals in past four quarters

Demand for cloud, infra services drive contracts

Apurva Venkat  |  Bengaluru 

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Infosys, the country's second largest information technology services company, saw the worth of new contracts in the past four quarters jump 53.7 per cent to $2.9 billion, driven primarily by deals in cloud and infrastructure services that it won from larger global peers.

In the preceding four quarters, the deals it won were $1.9 bn, said a note from JM Financial Institutional Securities, after last week's analysts' meet at the Bengaluru-based company. However, the Infosys management also said it was seeing project ramp-downs, while signing of new deals was slow due to the global ...

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First Published: Thu, September 01 2016. 00:45 IST