Indian IT firm Wipro secures $500m, 5-year contract with a US communication service provider under new CEO Srini Pallia.

Wipro, an Indian IT firm, has secured a $500 million contract with a leading US communication service provider. The five-year deal marks the company's first big win under new CEO, Srini Pallia, indicating Wipro's comeback after lagging behind its peers. The company will provide managed services for select products and industry-specific solutions. This follows Wipro's total bookings reaching $3.6 billion in Q4FY24.