TCS, Infosys and Wipro First in Line for Spoils of a COVID Wipeout | In the News

Cash rich IT services providers Tata Consultancy Services, Infosys and Wipro are likely to go on an acquisition spree, as companies will be available at discounted valuations due to the coronavirus crisis. The three companies collectively have cash reserves of more than $13 billion, a substantial firepower in a downturn which could help them buy smaller rivals in niche segments.

The prized assets will be platforms and patent-led products, according to Peter Bendor-Samuel, the chief executive of US-based IT advisory and research firm Everest Group.

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