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AI News from ET - IT grapples with more than 20% drop in deal pricing on macro, AI impact

Vishwadeep Khatri
in AI News & Two Lenses

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This scenario is expected to sustain leading IT firms to sharpen focus on cost efficiencies and vendor consolidation amid continued slowdown in technology spends by most corporate clients, analysts said. After Covid's strong growth period, the over-$280 billion technology services outsourcing industry has seen projects tilt towards cost takeout and vendor consolidation.

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