Infosys does it again

Infosys (INFY) has bagged a five-year $50 million contract from the Australian telecom and information systems giant Telstra for software development and maintenance. As per agreement, Telstra would pay Infosys 15 million Australian dollars ($10 million) every year to maintain its business systems. "It is an Australian dollar 75 million ($50 million) contract for five years," a Infosys spokesperson, said here on Tuesday. [ More on Times of India ]