HCLTech becomes latest Indian IT firm to face top client blues as Google consolidates vendors
New Delhi, Aug. 2 -- HCL Technologies Ltd has become the latest Indian information technology service provider to be hit by shrinking orders from top clients, with Google expected to trim its IT bill as the rise of automation tools leads large companies to revisit their existing tech contracts.
India's third-largest IT services company could lose about a fourth of its annual business from Google, or up to $50 million, as the global tech company has decided to bundle that work as part of a separate deal, according to two people with knowledge of the matter.
HCLTech got about $200 million annually from Google, which is one of its 10 largest accounts. The Noida-based company handles application development, engineering services and IT infr...
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