HCLTech has signed a $1.14 billion contract with an unnamed Fortune Global 50 European company, marking its largest single deal since the $2.1 billion Verizon agreement in 2023. The 5.5-year deal covers an AI-driven operating model for the client's global digital workplace and enterprise networks. HCLTech confirmed the business is entirely net-new. Shares jumped 6.3% on the news. The win comes amid broader industry shifts toward AI-native delivery models, with rivals like Persistent Systems and Cognizant also making large moves in enterprise IT. Key financial details such as margins and staffing remain undisclosed ahead of HCLTech's Q1 earnings call on July 13.
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