“These are not one-off cases – there is a significant spike in client demand for cost-led consolidation deals, driven by inflation and economic challenges. Clients want costs taken out at speed and service providers such as TCS, HCL, Wipro, Infosys and Cognizant are all prominently competing for this business,” said Phil Fersht, chief executive, HFS Research.
He added that companies like Accenture, Capgemini and IBM Consulting are competing aggressively with the Indian-heritage firms for these consolidation deals.
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