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.
