IT clients stick to smaller deals on headwinds

Clients of IT services companies are focusing on lower-sized deals because of the cautious macroeconomic environment across major geographies like the US and Europe. The share of large awards above the $100 million (Rs 800 crore) annualised contract value (ACV) range has reached its lowest point in five years, comprising just 10% of deal activity in the July-September quarter, said a report by ISG.