Mphasis seeing surge in $1-$10 million deals: CEO Nitin Rakesh

Mid-tier IT firm Mphasis is seeing a high inflow of deals valued between $1-10 million, Nitin Rakesh, CEO of the company told FE. “We have seen $1-10 million deal activity burst. And even this (September) quarter, the pickup in small deal volume, which typically is 0-1 year consumption, is really what’s driving the overall TCV (total contract value) number,” he said.

The company’s revenue contribution from $1 million clients rose by five to 140 in the September and those of $5 million increased by three to 51.