The initial term of the agreement is from July 2026 to December 2031, extendable for a further period of 5 years. The deal is estimated to be worth $1.14 billion during the initial term and represents entirely new business for the company.

HCL Technologies is a global technology company. It delivers capabilities centered around AI, digital, engineering, cloud and software, powered by a broad portfolio of technology services and products.

The company reported 6.4% fall in consolidated net income to Rs 4,488 crore as revenues rose by 0.3% to Rs 33,981 crore in Q4 FY26 as compared with Q3 FY26. For FY27, the company expects revenue to grow by 1.0% to 4.0% YoY while the Services revenue growth is expected to be between 1.5% and 4.5% YoY in CC terms.