Infosys closes 3 large deals of $50-200 million

BANGALORE: Infosys recently closed three big transformational deals ranging between $50 million and $200 million and extending over a period of 4-5 years.

Infosys CFO V Balakrishnan said that the deals are with companies in the manufacturing, retail, and banking, financial services and insurance space. The customers are based in the US and Europe. Balakrishnan did not give details citing client confidentiality.

The company expects the tally of transformational deals to touch around 15 by the end of this fiscal. Transformational deals are those that help clients in simplifying internal processes, harmonizing business processes across the enterprise, and contributes towards making organizations smarter and leaner. Infosys is now putting a larger focus on end-to-end transformational deals.