This deal will result in revenues of $1.5 to $1.6 billion for Wipro over the tenure. This is Wipro’s largest win to date.
Wipro Limited on Sunday announced that it has won a 10-year engagement to provide a comprehensive suite of solutions and services to Lincolnshire, Illinois-based Alight Solutions LLC, a technology-enabled health, wealth, HR and finance solutions based firm.
This deal will result in revenues of $1.5 to $1.6 billion for Wipro over the tenure. This is Wipro’s largest win to date.
This engagement will enable the digital transformation of Alight’s offerings across health, wealth, HR and finance solutions, and enhance the employee experience of Alight’s clients by leveraging Wipro’s industry-leading strengths in digital technologies, cognitive automation and data analytics.
“Our industry-leading partnership with Wipro will enhance our client experience by drawing on Wipro’s leading position in automation and innovation, while allowing Alight to invest in its health, wealth and cloud-based solutions to meet the needs of our clients,” said Chris Michalak, Chief Executive Officer, Alight Solutions.
Abidali Z. Neemuchwala, Chief Executive Officer and Executive Director, Wipro Limited said, “We are delighted to be chosen by Alight as their long-term strategic partner in their enterprise transformation journey to bring digital experiences and offerings to employees and employers globally. This is a testimony to the capabilities we have built through our strategic investments in Wipro Digital, cloud platforms and cognitive platform Wipro HOLMES. We will leverage this expertise to digitalize and modernize Alight’s core across platforms, technologies and operations.”
Earlier, during the announcement of its Q1 results, Wipro posted over 2 per cent increase in consolidated net profit at Rs 2,120.8 crore for June 2018 quarter.
The net profit, attributable to shareholders, in the year-ago period was at Rs 2,076.7 crore.
According to a regulatory filing by Wipro, its total profit grew marginally to Rs 2,093.8 crore for the April-June 2018 quarter, from Rs 2,082.6 crore in the year-ago period.
Its revenue from operations grew 2.5 per cent to Rs 13,977.7 crore during the period under review from Rs 13,626.1 crore in the same quarter last year.
"We entered fiscal 2019 dealing with certain externalities.
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