India's HCLTech wins $1.14 billion deal with European firm
· CNA · JoinRead a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST Tap here to return to FAST
FAST
BENGALURU, July 3 : India's HCLTech has won a $1.14 billion deal with a major European firm, the software services exporter said on Friday.
HCLTech's shares opened 4.6 per cent higher on Friday after the announcement, boosting gains on the Nifty IT index, which was up 2.5 per cent.
Here are some details:
• The deal will help HCLTech establish an AI-driven operating model to transform and manage the client's global digital workplace and enterprise networks, the company said.
CNA Games
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
Show More
Show Less
• The deal will last for four-and-a-half years, and is extendable by another five years, it added, without providing further details about the European firm.
• This is entirely new business for the company, HCLTech said, and not from an existing client or a deal renewal.
• HCLTech, which will report its results for the first quarter of fiscal 2027 on July 13, has forecast revenue growth of 1 per cent-4 per cent for the year.
Newsletter
Week in Review
Subscribe to our Chief Editor’s Week in Review
Our chief editor shares analysis and picks of the week's biggest news every Saturday.
Sign up for our newsletters
Get our pick of top stories and thought-provoking articles in your inbox
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app