IT company Bigtincan Holdings (ASX:BTH) has landed another seven-figure contract abroad.

The software-as-a-service (SaaS) provider advised the market that it won a competitive tender process to deploy its software for US-based DXC Technology Services.

DXC is an end-to-end IT services provider, with a global customer base of around 6,000 companies in 70 countries.

The deal with Bigtincan is a two-year contract which the company said would generate revenues of $6.2m, with the option to extend for a third year.

Bigtincan said the deal was evidence of the validity of its partner-based distribution strategy, where its AI-based software could be used to streamline the IT operations of business-to-business (B2B) customers.

The contract is the latest in a string of deals that Bigtincan has landed in recent months, including a $2.8m deal with Nike in September followed by another $2.8m contract with beauty company Sephora in Q4.

Markets have taken notice of those new revenue streams, and investors sent the stock above the $1 mark this morning for an early gain of more than 15 per cent.

Shares in the company climbed above 80c back on January 22 when it lodged a strong 4C filing for the December quarter.


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Stockhead has contacted Bigtincan for comment to provide further details on the DXC deal, including the explanation of how its technology will be integrated onto DXC’s platform to enhance efficiencies.