HCL Technologies bags $250-million IT deal from Alcatel-Lucent

Indian IT services vendor HCL Technologies has bagged a $250-million IT outsourcing deal from French telecom major Alcatel-Lucent.

The deal involves HCL taking up complete R&D work of Alcatel-Lucent in technologies such as 2G and 3G, according to media reports.

Further, HCL will co-create intellectual property and help the French telecom major innovate in these areas.

According to analysts, HCL Technologies signed 14 multi-million dollar, multi-year deals that were estimated to have total contract value of $2 billion. However, most of these deals have been won in the area of IT infrastructure management, which involves taking over of IT assets of global pharmaceutical, financial institutions or telecom companies and running them.

For HCL Technologies, engineering R&D contributes 7.4 percent to its overall revenues.

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