 "IT SECTOR, technology, information, jobs, employment, unemployment, companies, workplace, workers, workforce, women, employees, office")
Indian IT services firms with a higher percentage of fixed-price contracts are likely to see less contraction in revenue, over the next few quarters.
Analysts say the impact of furloughs and project ramp-downs will not have much of an adverse impact on IT firms with higher fixed-price contracts, as against those drawing more revenue from time and material (T&M) contracts.
Clients have increasingly started asking IT companies for deep price discounts in the backdrop of an industry-wide slowdown. An analysis of the top four IT services firms showed that HCL Technologies (HCL) drew 68 per cent of its revenue from
