Infosys Grabs Its 2nd Billion Dollar Deal Of 2020 Even As 99% Staff Is Working From Home
Even though the exact size of the deal is not disclosed as of now, but acoording to sources the deal is pegged to be over a billion dollars. In this pandemic year, this is the second billion dollar deal for Infosys. First one was from Vangaurd, which was a 1.5 Billion $ deal, the biggest in its history.
The multiyear deal from German automotive major was bagged by the software major. Diamler has sought Infosys help to drive hybrid-cloud powered innovation and IT infrastructure transformation.
The New Model For Diamler:-
The German automotive major is currently working towards a model that will have IT infrastructure across its plants and regions, and supports consolidation of its data centers. As a part of this partnership, automotive IT infrastructure experts based out of Germany, wider Europe, the U.S. and the APAC region will transition from Daimler.
Salil Parekh, Chief Executive Officer, Infosys said that “As we embark on this journey, we will bring together capabilities, ecosystems and a hybrid cloud infrastructure that will shape new experiences for Daimler AG and the industry at large. Infosys has deep expertise in helping our clients across the globe navigate their digital journeys, and as part of this strategic partnership, we look forward to setting a new standard for the automotive industry”.
“Software becomes modular and IT infrastructure becomes big. Daimler will take three steps at once to transform its IT infrastructure: consolidation, scaling and modernization. We need to think about infrastructure beyond the size of our company. With Infosys we found a partner to scale, to innovate and to speed up. Moreover, this is a strategic partnership for Daimler’s IT capabilities and Infosys’ automotive expertise”, said Jan Brecht, Chief Information Officer, Daimler and Mercedes-Benz.
Restored Stability, Growth And Confidence For Infosys:-
Infosys now seems to do good as opposed to one that was bruised by constant tensions between founder Narayana Murthy and the then board and CEO Vishal Sikka, over concerns around corporate governance. Salil Parekh, who is helming the company since 3 years now. Parekh has helped restore stability, growth and confidence.
“The momentum is quite similar, steady and strong. We are not seeing anything change from the second quarter. We are confident about what we have seen so far. Many of the deals are new, digital transformation programs. We have not seen any real impact on decision-making,” Parekh told ET NOW in response to a query at an Infosys media day event recently. He added that pricing is holding up well and they expect digital to exceed 50% of revenues in the next few quarters.
Infosys continues to see good momentum, with no apparent delays in decision making due to the US elections, Brexit or the uncertainty around vaccine rollout, says the CEO Parekh.