Infosys loses mega contract as global client terminates $1.5 billion deal
Sunday, 24 December 2023 On September 14, 2023, Infosys announced a pact with a global company to offer enhanced digital experiences alongside modernisation and business operations services leveraging Infosys platforms and AI (Artificial Intelligence) solutions. In a BSE filing on Saturday, Infosys said the global company has now elected to terminate the MoU and the parties will not be pursuing the master agreement." The deal loss comes at a time when global uncertainties and macro headwinds have challenged IT and tech companies worldwide.
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Infosys terminates $1.5 billion AI contract with undisclosed global customer. The termination of the MoU and decision not to pursue a Master Agreement were... IndiaTimes
Sunday, 24 December 2023
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