HCLTech signs $1.1 billion AI services deal with Fortune Global 50 European company
By
Kavit Majithia
Summary
Indian IT company HCLTech has secured a $1.1 billion contract with an unnamed Fortune Global 50 European firm to deploy AI services and manage its enterprise offerings. The five-year deal runs through December 2031 with an option to extend another five years, generating approximately $230 million annually for HCLTech. Indian media reports this is the largest deal in HCLTech's history.
Source
bskyHCLTech signs $1.1 billion AI services deal with Fortune Global 50 European companymobileworldlive.comKey quotes
· 3 pulledHCLTech secured a contract worth $1.1 billion with a major European company to deploy AI services and aid the management of its enterprise offering.
HCLTech did not reveal the name of the business, but stated it is a Fortune Global 50 firm.
The contract will run for five-years through to December 2031, with an option to extend it by another five years, meaning HCLTech will generate around $230 million annually.
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