Wipro wins the deal of $1 billion outsourcing contract from Alight solutions.Wipro is expected to get $70 million or more as additional revenue in current financial year with this partnership.

Wipro and Alight are in final stage of closing this partnership and duration of  contract could be extended beyond 7 years,depending on final negotiation currently.

For next year assured of at least $140 million in revenue and the work on this entire IT outsourcing  deal was completed under CEO of wipro NEEMUCHWALA.

A 7 year partnership with $140 million in annual revenue will translate into $980 million over the duration of contract.

This will be a large deal for wipro after almost 4 years.

According to the reports,company may disclose the deal in September quarter results.

Generally IT firms take 15-18 months to close outsourcing contracts valued more than $1 billion as contract sizes have become smaller so large deals are being signed over long term periods.

Wipro’s win is more considerable because most deals are shrinking both in value and duration.

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