India’s HCLTech wins $1.14 billion deal with European firm

The ​deal will help HCLTech establish an AI-driven operating ​model to transform and manage the client’s global digital workplace and enterprise networks, the company said.

The ​deal will last for five-and-a-half years and ​is extendable by another five years, it added, without ‌providing ⁠further details about the European firm.

This is entirely new business for the company, HCLTech said, and not from an existing ​client or a ​deal ⁠renewal.

This is the largest deal HCLTech has announced since winning a $2.1 ​billion deal with Verizon in August ​2023.

HCLTech, ⁠which will report its results for the first quarter of fiscal 2027 on July ⁠13, ​has forecast revenue growth ​of 1%-4% for the year.