IT deals: Rising focus on cost optimisation

With global uncertainties and inflationary pressure weighing on clients’ minds, Indian IT companies are seeing significant traction in the number of cost efficiency deals. The share of “cost optimisation” deals in the total deal matrix has grown from 30% to 50% in the last 18-24 months, according to a report by UnearthInsight.

The report said such deals have largely come from regional banks, financial services, enterprise tech and software product, retail and manufacturing clients in US and Europe.