IT contracts worth $13 billion up for renewal in coming quarters

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About $13 billion worth of IT deals are getting renewed in the six months to December-end, allowing homegrown companies Tata Consultancy Services Ltd (TCS), rel=”dofollow” href=”https://economictimes.indiatimes.com/infosys-ltd/stocks/companyid-10960.cms” target=”_blank”>Infosys, HCLTech, rel=”dofollow” href=”https://economictimes.indiatimes.com/wipro-ltd/stocks/companyid-12799.cms” target=”_blank”>Wipro to vie for a share of this lucrative market.

The expected surge in deal activity aligns with IT firms navigating high costs and AI-led optimisation pressures from clients, showed data sourced by ET from data research and analyst firms.

Extrapolating the six-month period, the deal market this calendar year is likely to surpass the around $14 billion worth of deals renewed in…



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IT contracts worth $13 billion up for renewal in coming quarters


About $13 billion worth of IT deals are getting renewed in the six months to December-end, allowing homegrown companies Tata Consultancy Services Ltd (TCS), rel=”dofollow” href=”https://economictimes.indiatimes.com/infosys-ltd/stocks/companyid-10960.cms” target=”_blank”>Infosys, HCLTech, rel=”dofollow” href=”https://economictimes.indiatimes.com/wipro-ltd/stocks/companyid-12799.cms” target=”_blank”>Wipro to vie for a share of this lucrative market.

The expected surge in deal activity aligns with IT firms navigating high costs and AI-led optimisation pressures from clients, showed data sourced by ET from data research and analyst firms.

Extrapolating the six-month period, the deal market this calendar year is likely to surpass the around $14 billion worth of deals renewed in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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