Infosys signs 4-year contract with Toyota Motor Europe - Angel Broking

Infosys has signed a four-year contract with Toyota Motor Europe to provide managed services application management. In this deal, Infosys will manage Toyota Motors' technology applications across Europe, including its core automotive processes such as supply chain, manufacturing, after sales customer service, corporate functions including human resource and finance. Infosys will support over 150 applications for Toyota across Europe through a managed services model aimed at providing higher customer satisfaction and cost benefit to the automaker. Infosys declined to reveal the financial details of the deal. Manufacturing is Infosys's third largest vertical contributing ~22% of the company's overall revenues in the previous quarter. The company gets ~24% of its revenues from customers in Europe.

We maintain our Neutral rating on the stock.

Source : Equity Bulls

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