Mumbai, Apr 6: India's leading software firm, HCL Technologies Ltd has acquired a $170 million worth five year IT services contract with the Internet giant Microsoft Corp.
With this contract, HCL has now become a strategic vendor for technological services for its online services business to the Microsoft Corp. However, HCL sources refused to comment on the news.
According to a source, HCL has assigned 600 employees to the contract and 250 have already started working on the project.
Earlier HCL has signed a contract worth $350-million with Reader's Digest Association (RDA) and Rs 393 crore end-to-end IT services outsourcing deal with general insurance firm National Insurance Company (NIC).
Microsoft contract is the third major contract HCL bagged in last few weeks.