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Infosys (NYSE:INFY), India’s second-largest software services company, signed a deal with an existing client to provide AI services, with the target spend over five years estimated at $2B, according to an exchange filing by the company.
The name of the client was not disclosed. The contract encompasses AI and automation led development, modernization and maintenance services.
This is the third major deal this year after Infosys (INFY) won a $454M contract from Danske Bank and a $1.5B project from BP.
Infosys (INFY) is set to release its Q1 results on July 20.
The stock price is up 4% on Tuesday during pre-market hours.
