Digital transformation projects are making a comeback in India’s IT services industry after a lull of about two years, albeit with some cost-saving provisions. Several transformation deals announced by homegrown IT firms in the past four to five months have originated from the Nordic region, all of which involve a large amount of transformation work. Indian IT and engineering services firms_outsourcing_ETTECH India’s software services industry is seeing green shoots of recovery in digital transformation deals after about two years. The new contracts, however, contain cost-saving provisions. Several transformation deals announced by homegrown IT firms in the last 4-5 months have originated from the Nordic region . These include Infosys ’ deal with Denmark’s TDC Net, a digital infrastructure and connectivity provider; HCLTech’s deal with Finland’s Oriola Corporation, a health and wellbeing company; and TCS ’ multi-million-dollar contracts with digital connectivity and communications provider Nuuday and Ramboll—both from Denmark. Infosys and Wipro also secured deals from Sweden’s Ikea and Finland’s Nokia. All the deals involve a large amount of transformation work . To be sure, digital transformation deals also originated from other regions in the last 4-5 months. This includes a $355-million deal between TCS and US-based Xerox. Also, Cognizant […]
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