Research on IT infrastructure investments and organizational productivity has been marked with ambiguity, evidenced by the much debated productivity paradox. Part of the ambiguity arises from a paradigmatic aggregated treatment of IT infrastructure and productivity constructs along with a disregard for contingencies and time lags. The focus in this paper is to extend the component based view to understand IT infrastructure productivity. Using a modular systems perspective, revisiting the constructs in an attempt to disaggregate them for a more detailed examination is proposed. This study adds to the body of knowledge through a holistic examination of the relationship between IT infrastructure configurations, contingencies, and organizational productivity.