Infosys is poised to earn more than US$ 100 million as a supporting partner in Coca-Cola’s US$ 1.1 billion cloud migration deal with Microsoft. Regulatory filings with the US SEC indicate that Infosys will receive over US$ 27 million from its involvement in the Euro Pacific region alone. Experts suggest that if Infosys continues to partner in other regions, it could surpass US$ 100 million in earnings from the global agreement.
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Infosys may earn more than US$ 100 million as a supporting partner in the US$ 1.1 billion cloud migration deal that beverage giant Coca-Cola inked with Microsoft in April of this year.
According to regulatory filings with the US Securities and Exchange Commission (SEC), the Indian IT firm is expected to receive more than US$ 27 million from this transaction, which is exclusively for the Euro Pacific region.
Infosys could potentially earn over US$ 100 million from the global agreement between Microsoft and Coca-Cola if it continues to partner in other geographies, said experts. IT service providers receive 15-25% of cloud migration agreements.
“During the first half of 2024, the group made a commitment to TCCC (The Coca-Cola Company) to invest € 167 million with Microsoft for Azure cloud migration services over a 6-year term. A further € 25 million has been committed to Infosys, who will act as a supporting partner,” a subsidiary of the Coca-Cola Company said in a regulatory filing this month.
Pareekh Jain, chief executive of the EIIRTrend engineering insight platform, said, “Cloud computing and artificial intelligence (AI) are big opportunities for Indian IT service providers. This deal shows how, by partnering with hyperscale companies such as Microsoft, Indian IT service providers can win large cloud migration deals with global enterprises.”
“This also shows that AI narrative has become an important part of large cloud deals,” he adds.
Microsoft and Coca-Cola announced a five-year strategic partnership in April of this year to align Coca-Cola’s core technology strategy across the organisation, enable the adoption of cutting-edge technology, and foster global innovation and productivity.
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