India, June 24 -- An expanded multi-year managed services collaboration with a leading global semiconductor manufacturer has brought a large-cap IT services company back into focus. The deal moves beyond conventional outsourcing placing AI, automation, and predictive operations at the core of how enterprise IT will be run for the client. Whether engagements of this kind can become a meaningful recurring revenue driver is the question worth examining.

With a market capitalisation of Rs. 4,27,017 crore, the shares of Infosys Limited were trading at Rs. 1,045 per share,with a 52 week range of Rs.1,728 to Rs.1,026. It is trading at a P/E approximately of 14x.

Partnership Update The collaboration with GlobalFoundries is an expansion of an e...