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Home / Business / Wipro Wins the Biggest Contract Ever, Over $ 1.5 Billion

Wipro Wins the Biggest Contract Ever, Over $ 1.5 Billion



NEW DELHI (Reuters) – Indian software provider Wipro Ltd ( WIPR.NS ) has the largest order to date worth more than $ 1.5 billion with US-based Alight Solutions LLC for digital services US dollars received said on Sunday in a statement.

The Wipro logo can be seen on January 1

9, 2018 at the company's headquarters in Bengaluru, India. REUTERS / Abhishek N. Chinnappa

Wipro, one of India's leading IT companies, said it would earn $ 1.5 to $ 1.6 billion in revenue during the tenure of the agreement, which provides services in health, human resources and finance for Alight Solutions in Illinois will be included.

In July, the Bengaluru-based company said it would buy the businesses of Alight Solutions in India for $ 117 million in cash. The business is expected to be completed in the quarter by the end of September.

The IT company's stock reached a seven-month high on Friday, gaining 2.53 percent to Rs.306.5.

Wipro has previously stated that revenues from its key IT service business for the quarter through September are estimated at $ 2.01-2.05 billion.

coverage by Neha Dasgupta and Sankalp Phartiyal; Editing by Kim Coghill

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