IT companies eye large deals to boost revenue

Software services firms in India are hoping to win more large deals as they capitalise on growing adoption of digital technologies by corporates worldwide, following the business disruptions caused by the pandemic.

Some such as Infosys Ltd and Wipro Ltd have bagged deals worth more than $1 billion each in recent months, underscoring this growing trend.

Bengaluru-based Infosys achieved a record $7.1 billion in large deal wins in the quarter ended December 31. Cross-town rival Wipro separately signed a contract with German retailer Metro AG for an estimated value of up to $1 billion across nine years to drive Metro’s digital transformation agenda.