Infosys is set to earn $100M+ as a key partner in Coca-Cola’s $1.1B cloud deal with Microsoft, highlighting Indian IT's crucial role in global tech transformations.
Infosys is on track to earn over $100 million as a supporting partner in Coca-Cola's $1.1 billion cloud migration deal with Microsoft. This substantial figure underscores the critical role Indian IT firms are playing in large-scale global tech transformations. The deal is part of a five-year strategic partnership announced in April 2024 and is set to realign Coca-Cola's technology strategy with cutting-edge innovations, driving productivity across its global operations.
Coca-Cola Euro Pacific Partners PLC, the European subsidiary of Coca-Cola has recently disclosed a €25 million (approximately $27 million) commitment to Infosys for cloud migration services in the Euro Pacific region. Industry experts believe that with Infosys extending its services to other geographies within this broader Coca-Cola-Microsoft partnership, the company could easily surpass the $100 million mark.
Cloud migration projects typically see IT service providers capturing 15-20% of the total contract value. Pareekh Jain, CEO of EIIRTrend, pointed out the importance of such deals for Indian IT firms, noting that this partnership with Microsoft reflects how these companies are securing substantial contracts from global enterprises. Moreover, the increasing integration of artificial intelligence (AI) into these cloud deals signifies a shift towards AI-driven business transformation.
Coca-Cola’s strategic partnership with Microsoft is anchored in a $1.1 billion investment aimed at harnessing Microsoft Cloud and generative AI capabilities to fuel innovation. The partnership plans to explore technologies like Azure OpenAI Service to develop AI-driven solutions across various business functions.
Infosys' involvement in this deal not only positions it as a key player in this global transformation but also strengthens its ongoing collaboration with Microsoft. This partnership aligns with Infosys' broader strategy of helping enterprises adopt an AI-first approach, driving revenue growth and enabling digital transformation.
As this partnership unfolds, it is expected to further solidify Infosys’ position in the competitive IT services market, demonstrating its capability to play a pivotal role in high-profile global deals.
Sourced from DataQuest