News

Large and mega deals dry up for TCS, Infosys, Wipro, HCL Tech

November 9, 2022

According to Phil Fersht, CEO and Chief Analyst, HFS Research, the days of the mega deal are pretty much over and have been for a while now.

“The only ‘mega deals’ we are seeing are consolidations of existing services under one primary service provider, where costs are lowered due to the economics of scale and the service provider is willing to take on more risk to beef up financial results. Most deals are in the $10-30 million range,” he told Moneycontrol.

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