Infosys eyes deals in US$1.5-2bn range: COO

Rao said that the large deal wins have significantly increased over the last couple of quarters.

Infosys is targeting large deals in the range of US$1.5-2 billion per quarter, the company's Chief Operating Officer (COO) Pravin Rao was quoted as saying on Monday.

Rao said that the large deal wins have significantly increased over the last couple of quarters. 

On an average, Infosys has won large deals in the range of US$500-550 million per quarter, but in the second quarter this year it topped US$830 million.

Infosys will not be changing the annual revenue guidance of 10-12% in constant currency terms, Rao said.

Around US$70 billion worth of IT deals are coming up for renewal in the next 18 months with majority of them being in the re-bid category, Infosys CFO M.D. Ranganath was quoted as saying.