Coronavirus scare: IT firms stare at delay in bagging large contracts

According to outsourcing advisory experts, severe restrictions on the mobility of human resources as well as the likely delay in decision making by the clients are seen as the key reasons

IT SECTOR, technology, information, jobs, employment, unemployment, companies, workplace, workers, workforce, women, employees, office

All IT services companies have already widened their travel restrictions from China to many other nations, including Italy, France, Singapore, South Korea, and Japan. Several of them even have imposed a restriction on non-essential travel to the US, which accounts for 60 per cent the revenues of Indian firms.

Winning of large deals and their execution by IT services firms are likely to face delay in the first half of this year due to the outbreak of coronavirus.

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First Published: Mar 8 2020 | 10:37 PM IST

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