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#BreakingOut: Embattled Infosys wins multi-year Volvo contract

Infosys, India’s second largest IT outsourcing company, said on Monday it has won a multi-year contract from Sweden’s Volvo Cars to provide application development services for its global operations.

Infosys will provide applications to support multiple operations, including marketing and sales, customer service, manufacturing, product development and corporate functions, it said in a statement.

No financial details of the deal were disclosed.

Infosys has suffered a string of disappointing earnings results after focusing on proprietary software at the expense of bread-and-butter outsourcing contracts.

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