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Covid-19 impact: IT bigwigs likely to speed up client staff absorption

Experts are of the opinion that this trend is likely to accelerate in the coming quarters owing to vendor consolidation.

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Earlier this month, the country’s second-largest IT services provider Infosys announced a $1.5 billion deal with US-based investment firm Vanguard. As a part of this deal, around 1,300 roles in Vanguard will transition into Infosys.

Debasis Mohapatra Bengaluru

3 min read Last Updated : Jul 24 2020 | 6:00 AM IST

Large deals with rebadging of clients’ employees made a comeback in Q1 of the ongoing financial year as IT services firms chased revenue growth amid demand slowdown. Experts are of the opinion that this trend is likely to accelerate in the coming quarters owing to vendor consolidation. Also, interest shown by domestic IT companies in acquiring in-house centres of global firms is also expected to provide fillip to this trend.

“While rebadging is not something new for Indian IT service providers, clinching these contracts during a pandemic indicates vendor consolidation. As firms look at driving revenue growth through the inorganic

Topics : Coronavirus Lockdown Indian IT firms Indian Economy Indian IT services firms IT companies Infosys Tata Consultancy Services TCS Wipro HCL Technologies Tech Mahindra

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