HCL Tech bags $100 mn deal from US co

HCL Technologies today said it has bagged a $100 million deal for its BPO unit.

"We have bagged a 100 million dollar contract from an US company," HCL CEO and vice-chairman Vineet Nayar said on the sidelines of the India Economic Summit.

However, Nayar declined to share further details on the deal.

The BPO unit of HCL Technologies was running in losses as the company is trying to rejig the business model and move away from voice-based services.

However, HCL expects to turn the HCL BPO unit profitable in next five to six quarters.

The company had earlier said the BPO business will continue to make losses every quarter for the next five quarters.

The BPO had shown sequential revenue growth for the first time in the last three quarters during the July-September quarter. The company had a 5.7 per cent dollar term revenue growth (quarter-on-quarter).

However, HCL will continue to invest in re-jigging and investing in its BPO business.