Wipro beats TCS, IBM, Accenture to bag $200 million contract

 Wipro has bagged a $200-million (Rs 1,090 crore) technology service contract in Europe, believed to be one of the largest deal wins for India's third-largest software services exporter this year
The deal, described as a "strategic partnership" to provide information technology infrastructure to a European telecom equipment-maker, is spreadover five years. It will also give innovation support to the company's research and development.
The Bangalore-based company competed with global multinationalsIBM and Accenture as well as Indian rival Tata Consultancy Servicesto win the deal. An official spokesman for the company said Wipro does not comment on market speculations.
Revenues from the client will likely start reflecting from the December quarter, adding to Wipro's tally of clients contributing about $40-50 million annually. Currently, there are about 25 clients contributing at least $50 million or more.