HCL Technologies, Indias fourth largest IT services provider, has landed a $500m IT outsourcing contract from PepsiCo. The seven year contract is for their infrastructure management services. TCS & Cognizant were reportedly named as the front runners for the contract which finally went to HCL.

From January to March HCL’s infrastructure services has grown by 5.1%, presumably because of the demand for renewals and rebids.

HCL posts rising quarter profits