Signs of revival for IT firms as deals pick up

After several quarters of muted performance, large IT services companies showed the first signs of stabilisation during the July-September quarter. Project deferrals that had plagued the industry began to ease, client decision-making improved marginally, and deal execution picked up pace. While demand remains far from buoyant, the quarter marked a steadying of sentiment across the sector as firms leaned on operational discipline, cost-optimisation deals and early traction in AI-led transformation programmes.