Infosys’ Vanguard deal value pegged at $1.5 billion, says it will move around 1,300 roles

BENGALURU: The multi-year deal Infosys NSE -0.11 % won from US investment firm Vanguard is worth $1.5 billion, say sources close to the development. This will perhaps make it the biggest deal Infosys has ever signed. Previously, some believed it was slightly under a billion dollars. The sources also say the scope of the work could be extended to 10 years, with the contract value rising to over $2 billion.

The mammoth deal explains a good part of the surge in the company’s share price on Wednesday and Thursday last week, and the confidence the company had in reinstating its revenue guidance for the year.

Infosys declined to comment on the deal size.