HCLTech secures $1.14 billion contract, ending deal drought
after close1 source ↓written by the desknot a recommendation
- contract
- $1.14 billion
- in annual revenue
- $228 million
- in FY27
- 1.6% growth
- on the BSE
- 4%
HCL Technologies Ltd has secured a $1.14 billion contract from a European Fortune 50 company, marking the end of a three-year mega-deal drought. This five-year agreement guarantees $228 million in annual revenue, contributing approximately 1.6% growth in FY27. HCLTech shares rose 4% on the BSE following the announcement.
Not investment advice. For informational purposes only.