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HCL Tech bags $170 m Microsoft contract
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Mumbai: HCL Technologies Ltd has bagged a five-year IT services contract worth close to $170 million from software giant Microsoft Corp, the Economic Times business daily reported on Monday.
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A spokesman for the Indian software firm confirmed the deal but declined to provide further details.
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Under the transaction, HCL will provide technology services for Microsoft's online service business, the report said citing a person familiar with the negotiations.
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HCL is likely to deploy 600 employees on the Microsoft contract, with about 250 of them already working on the project, the report added.
This will be HCL's third outsourcing deal in four weeks, following a six-year $100-million deal from Xerox that was announced on Sunday and a $350-million seven-year contract from Reader's Digest Association secured last month.
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