Information technology gets its mojo back with big September wins and October momentum
In September alone, 26 deals were signed by key IT services players, including six each by domestic firm Infosys and global player Accenture while Cognizant grabbed three deals.
Some of key projects in September included Infosys’ deals with Proximus group, LIC and Metro Bank while Cognizant announced agreements with Kombit, England and Wales Cricket Board and Mecwacare. Wipro bagged one deal with JFK International Air Terminal.
The optimism improved with revival of the key banking and financial sector, especially in North America. The upcoming cycle has also moved toward more certainty with the tamed US inflation, interest rate cuts and a likely stronger dollar following the US presidential election, said analysts.
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