IT firms set sights on large deals to boost revenue

Software services firms in India are hoping to win more large deals as they capitalize 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.

HCL Technologies Ltd said it signed 13 new ‘transformational’ deals in the December quarter, aided by momentum in its digital, cloud, and products and platform segments. Among prominent large deals, Noida-based HCL Technologies won a $600-million contract for five years from Swedish telecom equipment maker Ericsson in July 2020.