New Delhi, Oct. 14 -- Infosys Ltd bagged a $1.6 billion contract with the National Health Service, the UK's public healthcare provider, in its first mega deal in two years and the fourth-largest under chief executive officer (CEO) Salil Parekh.

The country's second-largest information technology (IT) services company will manage NHS Business Services Authority's back-end IT infrastructure for 15 years, according to the company's exchange filings.

The deal is expected to fetch Infosys upwards of $107 million every year until 2040. For now, this translates to guaranteed 0.6% incremental revenue in FY26, assuming the company doesn't lose any business. Infosys ended FY25 with $19.28 billion in revenue.

To put this in perspective, the deal'...