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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,thecountry'ssecondlargestinformationtechnologyservicescompany,sawtheworthofnewcontractsinthepastfourquartersjump53.7percentto$2.9billion,drivenprimarilybydealsincloudandinfrastructureservicesthatitwonfromlargerglobalpeers. Intheprecedingfourquarters,thedealsitwonwere$1.9bn,saidanotefromJMFinancialInstitutionalSecurities,afterlastweek'sanalysts'meetattheBengaluru-basedcompany.However,theInfosysmanagementalsosaiditwasseeingprojectramp-downs,whilesigningofnewdealswasslowduetothe ...