Cost Takeout Deals Put Big IT Firms at Advantage | In the News
The bigger Indian Information Technology (IT) firms are breathing easy despite the global economic slowdown threatening to moderate growth prospects in the next financial year. With rising inflation amid the Russia-Ukraine war, most enterprises are facing increasing cost pressure.
“In the large accounts, they (large IT firms) are likely to benefit from portfolio rationalization. However, in smaller clients, the smaller vendors have a modest advantage. Net, net, it will be beneficial for the larger firms,” Peter Bendor-Samuel, CEO of global consultancy firm, Everest Group told Deccan Herald.