Pune: Mid-tier technology services firms have signed on new deals over April and May, shaking off a slump seen in March due to the Covid-19 pandemic induced lockdown in several countries. New deals are majorly around offerings like client experience, data and insights and cloud adoption, with significant uptick in digital transformation,” said Dayapatra Nevatia, chief operating officer of Mindtree. Midsize companies are even signing large deals…Persistent, LTTS, KPIT all signed large deals in the last couple of months.” L&T Technology Services (LTTS) won a couple of deals just under $50 million from automotive and media clients, while Persistent Systems signed a similar one with a software client. KPIT Technologies said it had signed a deal valued at over $50 million with a European automaker on an electrification project.“New deals have picked up in the last two months. Whether these translate into larger, longer term projects remains to be seen.

Source: Economic Times June 09, 2020 02:35 UTC