Tech Mahindra got $700mn worth contract from British Telecom(BT)

Tech Mahindra India’s leading IT solutions provider to the telecom industry has bagged a $700-million contract from British Telecom (BT) for transforming and improving BT’s IT estate or infrastructure. This is one of the largest contracts that any Indian IT outsourcing company has won in recent months. Earlier, Tech Mahindra had won a $350-million contract and a $1 billion IT outsourcing deal from BT. The company is focusing on large fixed-price deals, which allows greater flexibility to improve margins. These deals are generally for three to five years, and Tech Mahindra has to take end-to-end responsibility for the improvement of existing processes. The company is due to announce its annual results on May 19 and refused to give more details on this deal.