Archive · 23 Jul 2025
Indian IT Companies See Rise in Deals, Despite Delayed Revenue
Imagine big tech companies getting a lot of new projects, like building websites or managing computer systems for other companies.
In the first few months of the year, they got a lot of these projects, especially the bigger ones.
The companies are hoping these projects will bring in more money soon, but some of the projects are taking longer to start, and some aren't growing as fast.
Some experts worry that things like the economy might be making it take longer to finish these projects.
It's like when you get a new toy, but it takes a while to put it together and play with it.
Top Indian IT companies saw a 17% increase in deal wins, reaching $21 billion in Q1.
Growth was driven by large deals, with a focus on vendor consolidation and cost optimization.
Companies like Wipro and Tech Mahindra anticipate revenue impact from deals in the coming quarters.
Delays in deal closures and project ramp-ups were noted, particularly in consumer business.
Analysts observe a disconnect between TCV expansion and revenue growth, with delayed realization.
- Who
- Top Indian IT companies, including Wipro, Tech Mahindra, Infosys, TCS, and HCL Tech.
- What
- IT companies saw a rise in deal wins.
- When
- Q1, with revenue impacts expected in Q2.
- Where
- India, with strong performance in the Americas.
- Why
- Driven by large deals and cost optimization, though revenue conversion lags.
- Total Deal Wins
- $21 billion
- Growth in Deals
- 17%
- Focus of Deals
- Vendor consolidation, cost optimization, AI, transformation
- Companies Mentioned
- Wipro, Tech Mahindra, Infosys, TCS, HCL Tech
- Sector with Challenges
- Consumer Business
- Expected Lag
- 3-4 quarters for revenue realization