India's TCS bags $644 million deal from Scandinavian insurer Tryg

FILE PHOTO: A man walks past a logo of Tata Consultancy Services (TCS) before a press conference announcing the company's quarterly results in Mumbai, India, January 11, 2024. REUTERS/Francis Mascarenhas/File Photo

BENGALURU (Reuters) -India's largest IT firm Tata Consultancy Services has bagged a 550 million euro ($643.89 million) order from Scandinavian insurance firm Tryg, the company said on Tuesday, announcing its first mega deal this fiscal year.

Mega deals, which are typically worth more than $500 million, are key revenue drivers for IT services companies.