INSUBCONTINENT EXCLUSIVE:
as over 8.6 per cent on Monday in their biggest intraday gain since July 2013
In the closing session, Wipro shares settled at 2.49 per cent higher at Rs 309.15
10,500 crore ) from US-based Alight Solutions LLC
Claiming the deal to be its largest win so far, Wipro said it would generate $1.5-1.6-billion in revenues over the tenure."We have won a
10-year engagement to provide a suite of solutions and services to the Illinois-based Alight Solutions, a leader in technology-enabled
health, wealth, human resources and finance solutions," the IT major had said in its statement on Sunday.In July, the Bengaluru-based firm
had said it would buy Alight Solutions' India operations for $117 million in cash
The deal will enable the digital transformation of Alight's offerings across health, wealth, HR and finance solutions and enhance the
employee experience of its clients by leveraging Wipro's industry-leading strengths in digital technologies, cognitive automation and data
analytics."Wipro announced a 10 year Digital Transformation deal with Alight Solutions LLC worth $1.5 bn
With large deal wins and recovery in stressed verticals, we expect 3Q revenue growth guidance to be in-line with industry growth rate
We are enthused with the deal win and growth outlook is improving gradually", said Amit Chandra and Apurva Prasad, Analyst, HDFC
At 12:10 pm, the SP BSE Sensex was trading 80.73 points higher at 38,725.80
The broader Nifty50 was up 25.85 points or 0.22 per cent at 11,706.35
The rupee also recovered from all-time low of 71 and rose by 23 paise to 70.77 against the US dollar at the day's highest point
(With inputs from agencies)
