IT services companies chase large deals for higher revenue, faster growth

Top Indian information-technology (IT) services companies are betting on large and mega deals, which enable them to sharpen their focus on clients, leading to higher revenue, faster growth, and more cost savings in the long term.

Typically, IT companies consider deals at or above $100 million as large ones while those at or above $500 million are categorised as mega deals.

Wipro Chief Executive Officer (CEO) Thierry Delaporte said during the recent earnings meet the company was getting out of deals with smaller, unprofitable clients and focusing on winning more large contracts.