Tuesday, November 5

Tag: Wipro Alight Solutions

Wipro Grabs Outsourcing Contract Worth $1 Billion From Alight Solutions
BUSINESS

Wipro Grabs Outsourcing Contract Worth $1 Billion From Alight Solutions

One of the leading information technology (IT) companies Wipro has reportedly won an outsourcing contract worth $1 billion from Alight Solutions. Bengaluru-based Wipro purchased Alight Solutions’ IT business for $117 million on Friday, and is in the advanced stages of negotiating the agreement that will possibly expand over seven years and $140 million in annual revenue per year. According to the sources, it has been stated that the following deal seeks to fetch $70 million to Wipro along with the additional revenue this year. However, Wipro has not included growth from this deal in the 2.7% currency forecast for the current quarter. The report also mentioned that the company might reveal the contract in the September quarter results. Wipro is an integrated corporation that provid...