Wipro scores first big win under new CEO Srini Pallia; bags a $500-million contract from US firm

Indian IT major Wipro has won a $500-million contract with a US communication service provider. This five-year contract marks the company’s first big win after the new CEO Srini Pallia took over the reins, indicating Wipro’s comeback after lagging behind its peers.

Wipro will provide managed services for select products and industry-specific solutions, according to an exchange filing. The company has yet to provide further details.