Wipro bags its biggest-ever contract from Alight Solutions

New Delhi: Wipro Ltd has won its largest information technology outsourcing contract, valued at $1.6 billion over 10 years from Alight Solutions LLC, the former benefits administration and human-resources outsourcing business of Aon Plc. “This is a testimony to the capabilities we have built through our strategic investments in Wipro Digital, cloud platforms and cognitive platform Wipro Holmes.” Wipro’s deal win is also significant because most outsourcing deals are shrinking both in value and duration, as firms ranging from banks to retailers cut their budgets to maintain back-end technology and plough the savings into work that can help them improve business operations. Since December last year, Wipro’s larger rival, and Neemuchwala’s former employer, Tata Consultancy Services Ltd has won three such multi-year mega-deals, which together bring in over $5.6 billion in revenue. “This large IT deal win suggests that Wipro will surely grow faster than in the past two years, and this is heartening as this means that many of the measures taken by CEO to bring back the company to industry-matching growth have started paying,” said a Mumbai-based analyst at a domestic brokerage, on the condition of anonymity.