Infosys Set to Earn $100 Million from Coca-Cola's Cloud Deal with Microsoft

Infosys to Earn $100M+ in Coca-Cola's Major Cloud Deal with Microsoft

Microsoft, the lead player in the deal, has enlisted Infosys to provide critical support services, capitalising on the Indian IT giant's expertise in cloud technologies. Infosys is set to earn over $100 million as a key supporting partner in Coca-Cola's $1.1-billion cloud migration deal with Microsoft, according to a recent report by the Economic Times. The report added that the agreement signed in April, marks a significant move by Coca-Cola to transition its operations to the cloud, enhancing its digital infrastructure and capabilities. Microsoft, the lead player in the deal, has enlisted Infosys to provide critical support services, capitalising on the Indian IT giant's expertise in cloud technologies. This partnership highlights Infosys' expanding role in large-scale global digital transformation initiatives, with a strong focus on cloud migration services. The company's involvement in such a high-profile partnership is expected to bolster its revenue stream significantly, further solidifying its position in the competitive IT services market. The Indian IT giant's involvement in the project is expected to bring in significant revenue, with over $27 million already secured from the Euro Pacific geography alone, according to regulatory filings with the US Securities and Exchange Commission (SEC). The filings reveal that Coca-Cola Euro Pacific Partners PLC, a subsidiary of The Coca-Cola Company, committed €167 million to Microsoft for Azure cloud migration services over a six-year period. Additionally, €25 million has been earmarked for Infosys as a supporting partner in this initiative. In April 2024, Microsoft and Coca-Cola announced a five-year strategic partnership aimed at aligning Coca-Cola's core technology strategy and fostering innovation and productivity worldwide. As part of the agreement, Coca-Cola committed $1.1 billion to Microsoft Cloud and its generative AI capabilities. The companies plan to explore new technologies, including Azure OpenAI Service, to develop innovative AI use cases across various business functions. Infosys has been a key partner with Microsoft in AI-driven initiatives. Last September, the two companies announced a collaboration to help enterprises adopt an AI-first approach to scale next-generation AI solutions, improve operational efficiencies, drive revenue growth, and enable business transformation. Neither Infosys nor Coca-Cola has officially commented on the specifics of the financial arrangement, but industry experts suggest that Infosys' role could be crucial in the successful execution of the cloud migration process. The deal is also expected to strengthen Infosys' relationship with Microsoft, potentially leading to future collaborations in similar large-scale projects.

Infosys to bag a $100 million pie in $1 billion Microsoft-Coca Cola deal

In a regulatory filing this month, Coca-Cola Euro Pacific Partners PLC, a subsidiary of The Coca-Cola Company, said, "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."Infosys could rake in a revenue of more than $100 million as supporting partner in the $1.1-billion cloud migration deal beverages giant Coca Cola signed with Microsoft in April this year, people aware of the matter said. Regulatory filings with US Securities and Exchange Commission (SEC) show that the Indian IT major is set to get over $27 million through this deal only for the Euro Pacific geography. If Infosys is also partnering in other geographies as well, it would earn more than $100 million from the global deal between Coca-Cola and Microsoft, experts said. About 15-20% of cloud migration deals go to IT service providers, they said. Questions mailed to Infosys didn't elicit any response till the time of going to press. In a regulatory filing this month, Coca-Cola Euro Pacific Partners PLC, a subsidiary of The Coca-Cola Company, said, "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." Pareekh Jain, chief executive of EIIRTrend engineering insight platform, said cloud and artificial intelligence (AI) are big opportunities for Indian IT service providers. "This deal shows how by partnering with hyperscalers such as Microsoft, Indian IT service providers can win large cloud migration deals with global enterprises," said Jain who is an outsourcing expert. "This also shows that AI narrative has become an important part of large cloud deals." Microsoft and Coca-Cola in April this year announced a five-year strategic partnership to align Coca-Cola's core technology strategy systemwide and enable the adoption of leading-edge technology, and foster innovation and productivity globally. As part of the partnership, Coca-Cola made a $1.1-billion commitment to Microsoft Cloud and its generative AI capabilities. Through the partnership, the companies announced to jointly experiment with new technology like Azure OpenAI Service to develop innovative generative AI use cases across various business functions. It is to be noted that in September last year, Infosys announced that it has partnered Microsoft and both the companies would help enterprises take an AI-first approach to scale next-generation AI solutions to improve operational efficiencies, drive revenue growth, and enable business transformation.

Infosys could earn over $100 mn from Coca-Cola's cloud deal with Microsoft

Infosys is poised to earn more than $100 million as a supporting partner in a $1.1 billion cloud migration deal between Coca-Cola and Microsoft, according to a report by The Economic Times. The deal, signed in April this year, highlights the growing role of Indian IT service providers in major global technology transformations. In a regulatory disclosure, Coca-Cola Euro Pacific Partners PLC, a subsidiary of beverage giant The Coca-Cola Company, committed €167 million to Microsoft for Azure cloud migration services over six years, with an additional €25 million allocated to Infosys as a supporting partner. This partnership emphasises the strategic importance of cloud and artificial intelligence (AI) for Indian IT companies, especially when aligned with leading global technology firms like Microsoft.

Narayana Murthy's Infosys to bag Rs 837 crore in Microsoft-Coca Cola mega deal worth Rs...

Industry experts speculate that Infosys's involvement could extend to other global regions, potentially pushing their total earnings beyond $100 million In April, Coca-Cola Euro Pacific Partners PLC inked a groundbreaking $1.1 billion agreement with Microsoft to overhaul its cloud infrastructure. But what does this colossal deal mean for Infosys, the Indian IT powerhouse? The answer is poised to make waves in the tech world. According to recent filings with the US Securities and Exchange Commission (SEC), Infosys is set to earn $27 million just from Coca-Cola's Euro Pacific operations. Industry experts speculate that Infosys's involvement could extend to other global regions, potentially pushing their total earnings beyond $100 million. Coca-Cola Euro Pacific Partners PLC, a key subsidiary of The Coca-Cola Company, disclosed that they committed €167 million to Microsoft for Azure cloud migration services over a six-year term. Alongside this, they earmarked an additional €25 million for Infosys, cementing the Indian IT firm's critical role in the project. Outsourcing expert Jain emphasised that such partnerships are becoming increasingly common as Indian IT service providers like Infosys collaborate with tech giants like Microsoft to secure significant portions of global cloud migration deals. "This deal not only highlights Infosys's growing influence but also underscores the critical role of AI and cloud services in driving large-scale digital transformations," he remarked. The strategic partnership between Microsoft and Coca-Cola, announced in April, focuses on leveraging Microsoft's generative AI capabilities and fostering global innovation. As a result, Infosys's involvement represents a key victory in the ongoing AI revolution, potentially shaping the future of cloud computing across multiple industries.