Infosys Executive: Microsoft Contract Worth Over $100 Million
April 15 2010 - 6:09AM
Dow Jones News
Infosys Technologies Ltd.'s (500209.BY) three-year outsourcing
contract with Microsoft Corp. (MSFT) is worth more than $100
million, the Indian software exporter's chief financial officer, V.
Balakrishnan, said Thursday.
Balakrishnan didn't provide further details in a text message to
Dow Jones Newswires.
Late on Tuesday Infosys said it will manage the internal
information technology services, including help-desk support, for
Microsoft from centers across 104 countries.
The deal with Microsoft is based on a pricing model that
decouples the contract's value from the number of people employed
on the project, Infosys said in the statement.
The contract comes at a time when India's outsourcing industry
is slowly recovering from the impact of the global economic
slowdown, which led customers to scrap or delay projects and seek
lower rates for products and services.
Software exporters are now getting more contracts than a year
earlier as customers in the U.S. and Europe are reviving shelved
projects and allocating more funds for technology services.
-By Dhanya Ann Thoppil, Dow Jones Newswires; +91-9886929464;
dhanya.thoppil@dowjones.com