"IT firms set sights on large deals to boost revenue"

27Jan,2021

"IT firms set sights on large deals to boost revenue"

Software services companies in Asian nation hope to win a lot of massive deals as they maximize growing adoption of digital technologies by corporates worldwide, following the business disruptions caused by the pandemic.

Some like Infosys Ltd and Wipro Ltd have bagged deals price over $1 billion every in recent months, underscoring this growing trendBengaluru-based Infosys achieved a record $7.1 billion in massive deal wins within the quarter over thirty one Dec. Cross-town rival Wipro associate degree individual basis} signed a contract with German retail merchant railroad line noble metal for an calculable worth of up to $1 billion across 9 years to drive Metro’s digital transformation agendaHCL Technologies Ltd same it signed thirteen new ‘transformational’ deals within the Dec quarter, motor-assisted by momentum in its digital, cloud, and product and platform segments. Among outstanding massive deals, Noida-based HCL Technologies won a $600-million contract for 5 years from Swedish communication system maker Ericsson in July 2020.

The recent dealings in massive deal wins by Indian info technology (IT) companies reflects the growing preference for cloud and digital transformation across sectors. throughout the pandemic, companies began finance heavily in digital technologies to chop prices and improve operational efficiencies. “Large deals square measure crucial to drive revenue acceleration and win double-digit growth. the dimensions and complexness of huge deals can solely increase within the days to return," same Nitin Bhatt, technology sector leader at consulting company EY Asian nation. “Large deals have a special DNA. They need a special risk craving, investment ability, business construct and also the have to be compelled to leverage associate degree system of partners to form semipermanent worth for patrons."Digital offerings are often a key mortal. for example, some technology services firms have mandated the inclusion of hybrid cloud as a key element of all future deals. Also, honest and clear pricing—which includes contingencies for potential uncertainties—are crucial for building trust and crafting a win-win proposition,