HCL bags $100 Million deal from U.S. company In India

HCL bags $100 Million deal from U.S. company In India



India: HCL Technologies today said it has bagged a $100 million deal for its BPO unit.

“We have bagged a $100 million contract from an U.S. company,” HCL CEO and Vice-Chairman Vineet Nayar said on the sidelines of the India Economic Summit.

However, Nayar declined to share further details on the deal.
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The BPO unit of HCL Technologies was running in losses as the company is trying to rejig the business model and move away from voice-based services.

However, HCL expects to turn the HCL BPO unit profitable in next five to six quarters.

The company had earlier said the BPO business will continue to make losses every quarter for the next five quarters.

The BPO had shown sequential revenue growth for the first time in the last three quarters during the July-September quarter. The company had a 5.7 percent dollar term
revenue growth (quarter-on-quarter).

However, HCL will continue to invest in re-jigging and investing in its BPO business.

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