India’s top software exporters are set to compete intensely with local and overseas peers for a sizeable share of the estimated US$16 billion in global IT services large deals that will come up for renewal in the next six months.
Many renewals are coming in at lower rates, with smaller scope but longer terms, said Everest Group CEO Peter Bendor-Samuel. “In other words, many deals are being renewed for less per year, but over a longer contract life,” he said.
