New Delhi, Jan. 12 -- Infosys Ltd risks losing over a third of its $400 annual revenue from Daimler, one of its three largest clients, as the German auto giant seeks a new vendor for software and equipment following execution delays, according to two people familiar with the details.

India's second-largest information technology (IT) services provider stands to lose the largest part of the contract under which it procured and provided iPhone cases, laptops, Microsoft 365 subscriptions, and fingerprint readers for the automakers' back-end information technology (IT) operations, said the people, who didn't want to be identified as the information is private.

Bengaluru-based Infosys, which ended the previous fiscal ended March 2025 (FY25) ...