Covid-19 impact: IT bigwigs likely to speed up client staff absorption

Large deals with rebadging of clients’ employees made a comeback in Q1 of the ongoing financial year as IT services firms chased revenue growth amid demand slowdown. Experts are of the opinion that this trend is likely to accelerate in the coming quarters owing to vendor consolidation. Also, interest shown by domestic IT companies in acquiring in-house centres of global firms is also expected to provide fillip to this trend. “While rebadging is not something new for Indian IT service providers, clinching these contracts during a pandemic indicates vendor consolidation. As fir.....

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