Print Edition - 2018-09-03  |  Money Digest

India’s Wipro wins biggest ever contract


Sep 3, 2018-

Indian software services exporter Wipro Ltd won its biggest-ever contract worth more than $1.5 billion with US-based Alight Solutions LLC for digital services, the company said in a statement on Sunday. Wipro, one of India’s top IT firms, said it would earn $1.5-1.6 billion in revenues over the tenure of the deal, which will include services in health, human resources and finance for Illinois-based Alight Solutions. In July, the Bengaluru-based firm had said it would buy Alight Solutions’ India operations for $117 million in cash. The deal is expected to be completed in the quarter ending September. Shares of the IT firm hit a seven-month high on Friday, gaining as much as 2.53 percent to 306.5 rupees. (REUTERS)

Published: 03-09-2018 09:19

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