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Indian IT firm Wipro bags $1.5b deal from US-based Alight Solutions

02 Sep,2018

Indian software services exporter Wipro Ltd has 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, reports Reuters.

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 per cent to 306.5 rupees.

Wipro has previously said it expected revenue from its key IT services business for the quarter ending September to be in the range of $2.01 billion to $2.05 billion.

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