Wipro wins biggest ever contract, over US$1.5 bln

Stewards are seen behind desks with the logo of India’s third-largest software services firm Wipro Ltd inside the company’s headquarters in Bengaluru, India. (Reuters pic)

NEW DELHI: Indian software services exporter Wipro Ltd won its biggest-ever contract worth more than US$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 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.

In July, the Bengaluru-based firm had said it would buy Alight Solutions’ India operations for US$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% 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.