IT companies lean on small deals to drive growth

Quick Summary:

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.

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Article Details

Author / Journalist: Veena Mani

Category: EconomyBusiness

Markets: IndiaMexico

Topics: HCLTech Q3 earnings Contract value growth Client spending patterns Small and mid-sized deals Annual contract value Business news Shorter deal tenures Bengaluru IT market TCS deal wins IT companies growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-21 @ 04:17:31 (11 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 703 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 25299006

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