HCL Technologies signed a deal estimated at $1.14 billion with a Europe headquartered Fortune Global 50 company. The contract runs from July 2026 to December 2031 with an option to extend five more years. HCLTech will build an AI driven operating model to transform and manage the client's global digital workplace and enterprise network operations. The work is entirely new business for the company. Shares jumped as much as 5.6 percent on the news. In a separate move, HCLTech completed the acquisition of Jaspersoft from Cloud Software Group. This adds capabilities in embedded analytics and reporting. The deal highlights ongoing demand for AI powered digital transformation in large enterprises.
HCL Technologies signed a deal estimated at $1.14 billion with a Europe headquartered Fortune Global 50 company. The contract runs from July 2026 to December 2031 with an option to extend five more years. HCLTech will build an AI driven operating model to transform and manage the client's global digital workplace and enterprise network operations. The work is entirely new business for the company. Shares jumped as much as 5.6 percent on the news. In a separate move, HCLTech completed the acquisition of Jaspersoft from Cloud Software Group. This adds capabilities in embedded analytics and reporting. The deal highlights ongoing demand for AI powered digital transformation in large enterprises.