Bangalore: Infosys Technologies said on Tuesday that it had won a new IT outsourcing contract from Telstra Corp, Australia’s top phone company.
Telstra has awarded application development and maintenance services contracts to Infosys and US firm EDS, a unit of Hewlett-Packard Co, the Australian firm said in a statement posted on its website.
The total value of the outsourcing contract is $355 million over five years, Infosys said in a statement, but didn’t disclose its share in the deal. US technology major IBM is also part of the project. Telstra has been a client for Nasdaq-listed Infosys since 2003, Infosys chief executive Kris Gopalakrishnan said in the statement.
Indian software services firms such as Infosys and sector leader Tata Consultancy Services are vying for deals in Europe and Asia Pacific to cut their dependence on the US market, which accounts for over half the sector’s revenues.