Indian tech major Infosys said that it has received a contract worth $1.59 billion from the United Kingdom ‘s National Health Service Business Services Authority to replace its existing payroll platform.
The 15-year deal marks a major win for India’s second-largest IT firm at a time when the $283-billion sector is grappling with a weak global economy, trade tensions and shifting U.S. immigration rules.
Infosys said it would build a new, data-driven workforce management platform to replace NHS’ existing electronic staff record system, managing payroll for 1.9 million employees across England and Wales and processing more than 55 billion pounds annually.
The company is set to report its results for the July-September quarter on October 16.
Its shares, which were trading flat for most