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Infosys, Wipro clinch bn-dollar deals with German companies

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Infosys Ltd and Wipro Ltd on Tuesday said they have bagged billion-dollar, multi-year technology contracts from Germany’s Daimler AG and Metro AG, respectively.Both deals involve absorbing clients’ employees and will require regulatory approval, the Indian software services companies said.Also Read | How hunger came back to haunt IndiaWhile Infosys didn’t disclose financial details of the contract with Daimler, a person familiar with the development said the outsourcing deal is worth more than a billion dollars.Cross-town rival Wipro said it estimates its contract with Metro to generate $700 million in revenue in the first five years.

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