Sunday, December 22, 2024 | 11:19 AM ISTEN Hindi

Home / Companies / News / $80-bn IT sector contracts up for rebid in 2020; TCS, HCL may clinch deals

$80-bn IT sector contracts up for rebid in 2020; TCS, HCL may clinch deals

Large Indian information technology firms may steal a march over global peers to clinch deals

Premium

Contracts from government agencies constitute the biggest share of the deals that will come up for rollover

Debasis Mohapatra Bengaluru

3 min read Last Updated : Dec 23 2019 | 12:42 AM IST

Indian information technology (IT) companies are likely to have an edge over their global counterparts when some of the biggest outsourcing contracts come up for renewal in 2020. This, experts said, is because of the pricing power that Indian IT companies have.

They said among the Indian firms, Infosys, Tata Consultancy Services (TCS), and HCL Technologies are better placed to clinch some of the deals from the incumbent service providers. According to global IT outsourcing consultancy firm Ovum Research, around 1,680 deals worth over $80 billion will be renewed next year. This is about 6 per cent lower than that

Topics : IT sector IT companies information technology Indian IT firms

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in