IT midcaps tap into transformational deals, digital play drives higher TCV

However, billion dollar deals still continue to be a preserve of large caps like TCS and Infosys

Transformational deals, earlier a preserve of Information Technology (IT) large caps, are trickling into the midcap space with increasing number of players reporting transformational and incremental deals from existing customers. For some companies, the last quarter of the financial year (FY) 2019 saw a slew of transformational deals coming in from across sectors.

In the January- March quarter, Larsen & Toubro Infotech (LTI) reported multi-year multi-million dollar transformation deals with an engineering equipment manager and a reinsurer which helped the company poakcet a total contract value (TCV) of over $100 million. Hexaware reported a quarter of largely customer transformation and