Indian IT services firm HCLTech says it has signed a $1.14 billion contract with a major European company, marking its largest single deal since August 2023. HCLTech made the announcement on Thursday, stating that the client is a Fortune Global 50 company but has not been identified publicly by either party. The deal’s details beyond its value are not disclosed in the reports.
Both outlets note that HCLTech’s prior biggest deal was a $2.1 billion agreement with Verizon in August 2023. The new contract is therefore presented as HCLTech’s largest announced deal since that Verizon transaction.
No specific information is reported on the contract term, scope of services, or timeline. The coverage is consistent that the company does not name the European counterparty, and that the publicly stated figure for the agreement is $1.14 billion.
