Digital transformation deals back in play for IT industry with a cost twist

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.