HCL Technologies has won a $1.14 billion deal with a Europe-headquartered Fortune Global 50 company to build an AI-driven operating model for its global digital workplace and enterprise network. The deal was announced through a stock exchange filing and is one of the largest in HCLTech’s history.
The contract will begin in July 2026 and run until December 2031, with an option to extend it for another five years. Under the agreement, HCLTech will develop an AI-driven operating model for the client’s global digital workplace and enterprise network. The company said this is entirely new business and one of its biggest deals so far.
The announcement comes as HCLTech expands its enterprise AI focus. In its latest quarterly results, the company reported annualised advanced AI revenue of over $620 million in Q4 FY26.
HCLTech CEO C. Vijayakumar said, “Our number one priority in FY27 is to position the company to take advantage of AI opportunities for multi-decade value creation.” The deal reflects rising demand for AI-led enterprise transformation, as companies move from pilot projects to large-scale AI infrastructure investments.
HCLTech shares rose 4.56 per cent on Thursday but remain under pressure in 2026 due to weak global IT spending. For FY27, the company has guided for 1–4 per cent constant currency revenue growth and an EBIT margin of 17.5–18.5 per cent. FY26 revenue stood at ₹130,144 crore ($14.7 billion).
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