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Coronavirus Scare: IT Firms Stare At Delay In Bagging Large Contracts

Coronavirus Scare: IT Firms Stare At Delay In Bagging Large Contracts

Submitted by • March 9, 2020 www.communicationstoday.co.in

Winning of large deals and their execution by IT services firms are likely to face delay in the first half of this year due to the outbreak of coronavirus. According to outsourcing advisory experts, severe restrictions on the mobility of human resources as well as the likely delay in decision making by the clients are seen as the key reasons.“Larger transformation deals take a lot of time for execution and focus. Due to coronavirus, it is clear that the teams are going to be distracted for at least the next quarter. Hence, these big deals, which are increasingly becoming the backbone of (revenue) growth will be delayed,” said Peter Bendor-Samuel, founder and chief executive officer of outsourcing advisory firm Everest Group. All IT services companies have already widened their travel restrictions from China to many other nations, including Italy, France, Singapore, South Korea,

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