IT deal renewals: $13 billion contracts on the line; TCS, Infosys, Wipro eye mega wins
Indian IT giants like TCS, Infosys, HCLTech, and Wipro are eyeing a substantial $13 billion in contract renewals by December, potentially exceeding last year's $14 billion. Clients are pushing for cost savings and AI-driven efficiencies, influencing deal constructs. While mega deals remain strong, BPO deal sizes are shrinking due to cautious spending amid global economic uncertainties.
Indian IT giants like TCS, Infosys, HCLTech, and Wipro are eyeing a substantial $13 billion in contract renewals by December, potentially exceeding last year's $14 billion. Clients are pushing for cost savings and AI-driven efficiencies, influencing deal constructs. While mega deals remain strong, BPO deal sizes are shrinking due to cautious spending amid global economic uncertainties.
