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

Demand for cloud, infra services drive contracts

Pravin Rao,  Chief Operating Officer, Infosys
Pravin Rao, Chief Operating Officer, Infosys

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 ...