Infosys terminated a $1.5 billion AI solutions agreement with an undisclosed global company, just three months after signing the deal.
The termination comes amid the resignation of the company’s CFO and hints at potential pressure on Infosys and other Indian IT companies due to muted business in recent quarters.
Despite the deal loss, Infosys has secured significant large deals, including a recent five-year agreement with LKQ Europe, and will be reporting its October-December quarter earnings on January 11, 2024.
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