Tech trouble: IT deal signings slowdown in April; BNP Paribas say Infosys, Cognizant TCS lead

The deal pipeline of technology stocks has been in focus. After a mixed Q4 show, April seems to be rather disappointing for the IT services players. As per the latest report by BNP Paribas, deal-wins have seen a significant slowdown in April compared to March. They further stated that most deal wins were related to Digital transformation, AI and Cloud transformation.

Infosys, IBM and Cognizant at 3 each closed the most deals, followed by TCS and Accenture (2 each). LTIMindtree and Atos also signed one deal each in April.