Tech Firms Win Big Deals as Europe Outsources More | In the News

BENGALURU: Indian IT firms are getting bigger in continental Europe, winning large deals helped by the greater investments they are making in that geography, and the rising propensity of European players to outsource more of their technology work.

“The Indian heritage firms are fairing particularly well as they have lower operating costs and are also leveraging their balance sheets aggressively to win these large transactions. Firms like TCS, HCL, Infosys and Wipro have been patiently investing in putting in place large and talented European operations and are now in the position to be rewarded,” Peter Bendor-Samuel, CEO of Everest Group, said.

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