MoneyWorks4Me

Infosys bags $50 million deal from AT&T: Report

23 May 2014 Evaluate

Infosys has reportedly bagged a $50-million deal from telecom giant AT&T, with the Bangalore-based software exporter expecting the telecom player to become its first $100-million customer from Europe and the US in the coming years.

The deal will see Infosys providing support for billing and Web solutions for three years to AT&T on a pay-peruse model, thereby helping Infosys' telecom vertical break into European markets. This deal comes at a time when Infosys aims to scale-up its presence in the European continent as the telecoms space continues to witness muted growth in the US.

Infosys is a global leader in consulting, technology and outsourcing solutions. The company enables clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition.

Peers
Company Name CMP
TCS 2163.00
Infosys 1024.05
HCL Technologies 1214.30
Wipro 162.70
Tech Mahindra 1517.05
View more..