IT companies to see double-digit growth on mega deal wins

Bengaluru: Indian IT services firms will see double-digit growth in fiscal year 2021-2022, say analysts, as these companies win blockbuster deals from global clients looking to step up technology spends as they shift applications to the cloud and deepen digital services.

Goldman Sachs estimates that the double-digit growth momentum driven by large-scale shifts (of applications) to the cloud, building applications for the cloud native world and collaboration between IT vendors and customers to build new solutions could usher in the “third wave of IT outsourcing”.