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Improved traction in tech deal wins helps, but not by much

Mint Mumbai

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September 19, 2023

Last week, Infosys Ltd inked a memorandum of understanding with a global company to provide enhanced digital experiences for an estimated contract value of $1.5 billion.

- Harsha Jethmalani

Improved traction in tech deal wins helps, but not by much

The trajectory of deal wins is improving for large Indian information technology (IT) services providers. For instance, last week, Infosys Ltd inked a memorandum of understanding with a global company to provide enhanced digital experiences for an estimated contract value of $1.5 billion. Close competitor Tata Consultancy Services Ltd entered into a strategic partnership with the digital unit of Jaguar Land Rover. This deal is valued at £800 million. In August, HCL Technologies Ltd struck a global partnership with Verizon Business.

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