Menu
Wipro wins largest ever contract, tops $1.5B

Wipro wins largest ever contract, tops $1.5B

Shares of the IT firm hit a seven-month high following news

Credit: Dreamstime

Software services exporter Wipro has won its biggest-ever contract worth more than $1.5 billion with U.S.-based Alight Solutions LLC for digital services.

Wipro, one of India's top IT firms, said it would earn US$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.

“We are delighted to be chosen by Alight as their long-term strategic partner in their enterprise transformation journey to bring digital experiences and offerings to employees and employers globally,” said Abidali Z. Neemuchwala, CEO of Wipro.

“This is a testimony to the capabilities we have built through our strategic investments in Wipro Digital, cloud platforms and cognitive platform Wipro Holmes.

“We will leverage this expertise to digitalise and modernise Alight’s core across platforms, technologies and operations.”

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.

“Our industry-leading partnership with Wipro will enhance our client experience by drawing on Wipro’s leading position in automation and innovation, while allowing Alight to invest in its health, wealth and cloud-based solutions to meet the needs of our clients,” added Chris Michalak, CEO of Alight Solutions.

Shares of the IT firm hit a seven-month high on Friday, gaining as much as 2.53 percent 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 US$2.01 billion to US$2.05 billion.

(Reporting by Neha Dasgupta and Sankalp Phartiyal; Editing by Kim Coghill)


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags wipro

Featured

Slideshows

The making of an MSSP: a blueprint for growth in NZ

The making of an MSSP: a blueprint for growth in NZ

Partners are actively building out security practices and services to match, yet remain challenged by a lack of guidance in the market. This exclusive Reseller News Roundtable - in association with Sophos - assessed the making of an MSSP, outlining the blueprint for growth and how partners can differentiate in New Zealand.

The making of an MSSP: a blueprint for growth in NZ
Reseller News Platinum Club celebrates leading partners in 2018

Reseller News Platinum Club celebrates leading partners in 2018

The leading players of the New Zealand channel came together to celebrate a year of achievement at the inaugural Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months, with more than ​​50 organisations in the spotlight.​​​

Reseller News Platinum Club celebrates leading partners in 2018
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP has honoured its leading partners in New Zealand during 2018, following 12 months of growth through the local channel. Unveiled during the fourth running of the ceremony in Auckland, the awards recognise and celebrate excellence, growth, consistency and engagement of standout Kiwi partners.

Meet the top performing HP partners in NZ
Show Comments