Comments
The country’s fourth largest software services firm HCL Technologies has bagged a deal estimated to be around $500 million (around Rs 3,000 crore) from beverage giant PepsiCo for offering infrastructure management services.
Though the value of the 7-year deal was not disclosed, sources said the size of the agreement is about $500 million.
HCL Tech shares were up 0.37 per cent at Rs 1,308.70 at 12.40 pm on the BSE.
When contacted, HCL Technologies said: “We are pleased to be working with PepsiCo. However, we are not able to discuss further details at this stage.”
Comments from PepsiCo India could not be obtained immediately.
PepsiCo, with brands like Lays, Tropicana and Quaker in its portfolio, has worked with many IT service providers in the past, including HP, IBM and Hewitt Associates.
HCL Technologies’ infrastructure services, which accounted for about 30 per cent of its revenues in the January-March 2014 quarter, grew 31.5 per cent year-on-year, driven by strong demand especially in the re-bid market.
For the quarter, the Noida-headquartered firm saw net profit jumping 59 per cent to Rs 1,624 crore, helped by strong growth in infrastructure services as well as financial and manufacturing verticals.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.