Project Ramp-downs Hit Top Line of IT Cos | In the News

Large deals may be the mainstay for revenue acceleration, but delay in project ramp-ups in these contracts are adding to the woes of tier-1 IT firms during the fourth quarter and beyond. Sources in the know said despite a healthy deal pipeline, companies like TCS, Infosys, HCL Tech, and Wipro are going to witness subdued revenue growth as these pipelines are not translating into revenues.

“We expect to see a further but modest deterioration in demand, larger transaction sizes as the market moves to more focus on cost savings with vendor consolidation in key accounts creating more losers than winners. We also expect to see a rise in large or mega deals as the market tries to couple future cost savings and business value with the need to further modernize,” said Peter Bendor- Samuel, CEO of Everest Group.

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