SynopsisThis is part of the $200 million annual project that HCLTech managed for Google as part of the application development and engineering work that the IT player managed for the last 10 years, two people familiar with the development confirmed to ET. The reduced work will cost HCLTech around 0.3% of its annual revenue which is around $14.7 billion. Incrementally, it is likely to be around 6% of the revenue in FY26.Technology gaint Google has trimmed about one-fourth of its multi-million dollar IT project to HCLTech. The reduction is worth around $50 million in revenues. This is a significant instance of deal shrinkages seen by software services firms from large corporate clients due to automation and AI disruption.This is part of the $200 million annual project that HCLTech managed for Google as part of the application development and engineering workNow Playing
Google shaves $50 million off HCLTech deal; 1,000 staffers to be redeployed - The Economic Times
This is part of the $200 million annual project that HCLTech managed for Google as part of the application development and engineering work that the IT player managed for the last 10 years, two people familiar with the development confirmed to ET. The reduced work will cost HCLTech around 0.3% of its annual revenue which is around $14.7 billion. Incrementally, it is likely to be around 6% of the revenue in FY26.
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