While moderation was expected due to the quarter's typical seasonal downturn, the absence of mega-deal announcements and the trend of lengthier deal durations have raised concern. Only Infosys Ltd reported a mega deal among the sector large-caps in the last quarter. The slowing of decision-making at IT companies, highlighted by management in the industry, has delayed deals and subdued bookings. "Ex-Infosys, last tweIve month deal flow growth was 5-18% year-on-year (y-o-y) with Tech Mahindra down 41% y-o-y," said an Ambit Capital report.
この記事は Mint Mumbai の February 19, 2024 版に掲載されています。
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