IT companies lean on small deals to drive growth
Large IT firms saw growth driven by small and mid-sized deals in the December quarter, with a strong pipeline and shorter deal decision-making cycles. HCLTech's annual contract value increased by 23% year-on-year, while TCS signed deals worth $10.2 billion. The shift towards smaller, shorter-tenure deals aligns with changing client spending patterns.
Large IT firms saw growth driven by small and mid-sized deals in the December quarter, with a strong pipeline and shorter deal decision-making cycles. HCLTech's annual contract value increased by 23% year-on-year, while TCS signed deals worth $10.2 billion. The shift towards smaller, shorter-tenure deals aligns with changing client spending patterns.
