Regulatory documents filed with the US Securities and Exchange Commission (SEC) show that the Indian IT major will earn over $27 million through this deal for the Euro-Pacific geography alone.
If Infosys also partners in other geographies, it would gain more than $100 million from the global deal between Coca-cola and Microsoft, experts said.
Between 15 and 20 percent of cloud migration deals go to IT service providers, they said.
Questions sent by email to Infosys remained unanswered as of the time of going to press.
In a regulatory filing this month, Coca-Cola Euro Pacific Partners PLC, a subsidiary of The Coca-Cola Company, said: “During the first half of 2024, the group has committed with TCCC (The Coca-Cola Company) to invest €167 million with Microsoft for Azure cloud migration services over a 6-year period. A further €25 million has been committed to Infosys, which will act as a supporting partner.”
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Pareekh Jain, CEO of engineering insights platform EIIRTrend, said cloud and artificial intelligence (AI) are big opportunities for Indian IT service providers. “This deal shows that by partnering with hyperscalers like Microsoft, Indian IT service providers can secure large cloud migration deals with global enterprises,” said Jain, an outsourcing expert. “This also shows that the AI narrative has become an important part of large cloud deals.”
In April of this year, Microsoft and Coca-Cola announced a five-year strategic partnership to align Coca-Cola’s core technology strategy across the system and enable the adoption of cutting-edge technology and foster innovation and productivity globally.
As part of the partnership, Coca-Cola committed to investing $1.1 billion in Microsoft Cloud and its generative AI capabilities. Through the partnership, the companies announced they would jointly experiment with new technologies, such as Azure OpenAI Service, to develop innovative generative AI use cases across a variety of business functions.
It is worth noting that in September last year, Infosys announced that it had partnered with Microsoft and that both companies would help enterprises adopt an AI-first approach to scale next-generation AI solutions to improve operational efficiency, drive revenue growth and enable business transformation.
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