Following the global suit against TCS, Indian IT firms are making huge bids for mega deals
Advertisement
Advertisement
In a bid to win the intense war for large deals, India's top outsourcing firms like These large sums are being offered despite India's $160-billion IT industry facing its slowest revenue growth in ten years.
Executives familiar with these plans told ET that in the past, Indian outsourcing firms have steered away from large deals, which cross over $500 million. However, the trend seems to be changing.
"There are different kinds of deal structurings that happen -- if there is an asset that gets transferred by the customer, then we may make an upfront payment for that. It's not just quantity of revenue, but it's about quality of revenues," Wipro CEO
Similarly, Infosys CEO
Advertisement
Globally, however, this is not a new phenomenon, with companies like IBM, HP and Accenture following this trend for years now. With time, Indian software exporters like Wipro and HCL Tech too jumped on to this practice.
For these Indian firms, this aggression has finally paid off, with Infosys winning at least 10 large deals with total contract value of over $50 million in the past few quarters, which is more than any other top-tier rival.
Image source
Advertisement
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- SC rejects pleas seeking cross-verification of votes cast using EVMs with VVPAT
- Ultraviolette F77 Mach 2 electric sports bike launched in India starting at ₹2.99 lakh
- Deloitte projects India's FY25 GDP growth at 6.6%
- Italian PM Meloni invites PM Modi to G7 Summit Outreach Session in June
- Markets rally for 6th day running on firm Asian peers; Tech Mahindra jumps over 12%
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market