Tech Mahindra Sees A Return To Days Of Larger Deals

Tech Mahindra is seeing a revival in large deals, as companies move towards bigger transformation projects, India’s fifth-largest IT services firm said.

Tech Mahindra’s chief financial officer Manoj Bhat told ET that deal sizes on an average had been moving upwards, and it was likely to continue.

Last month, the company signed a multiyear contract with the US telecommunications firm AT&T, estimated to be worth about $1 billion and one of its largest deals. “There had been slowness in large deals with the communications industry lowering spends in the last few years. Now, with digital coming into play, they are thinking about how to save money and undergo a digital transformation,” Bhat said.

Across industry sectors, companies had started their digital transformation journeys with smaller, customer-facing functions where it would have the highest impact, but they are now expanding its scope, Bhat said.―India Finance News