Small deals likely for IT biggies as contracts worth $14 bn await renewal

Global businesses may not offer deals worth $200 mn or more; supposed time of renewal is June 2018

By June next year, information technology (IT) services firms in the country will have to renew 16 major deals, worth nearly $14 billion, with key clients — but the deal sizes are likely to grow smaller.

While Tata Consultancy Services, Infosys, Wipro, HCL Technologies and Tech Mahindra will most likely take a hit, IBM and Accenture — which have an edge with digital and cloud — might also see a reduction in the duration of contracts.

Some of the major firms with which deals might be signed are Scandinavian Airlines, Ford and Toyota Motor Europe, said Information Services Group (ISG),