Bengaluru, July 27 -- Infosys has reportedly lost three multi-billion-dollar global technology contracts as an escalating price war and AI-driven vendor consolidation reshape the global IT services market, highlighting mounting pressure on India's second-largest IT services exporter despite a healthy deal pipeline.
The Bengaluru-headquartered company acknowledged during its Q1 FY27 earnings that the loss of a major European client had weighed on revenue growth, though it did not disclose the client's identity, contract value, or details of the other reported losses.
Industry reports suggest that the contracts, covering digital workplace services, application management, infrastructure support and enterprise network operations, have largel...