Phil Fersht, CEO and chief analyst at HFS Research told TOI that pipelines for next year are, by and large, weaker than at the same stage last year and there is definitely a drop off in smaller deals. “There are some large ‘consolidation deals’ out in the market as firms look to bring more services under one provider to drive down costs and beat inflationary pressure. I expect to see some large deal announcements in Q1 2023,” he said.
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