IT Majors May Take Big Hit as Contract Renewals Drop | In the News

With re-orders seen dipping a third to $32 billion, vendors will have to go for new business in a difficult market.

IT services and business process service contracts worth only $32 billion are expected to be renewed in the next two years down by over a third from last year’s renewal expectation worth $49 billion, according to a report by Everest Group, which tracks global ITS and BPS contracts.

Read more in The Hindu Business Line

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