IT contracts worth $13 billion up for renewal in coming quarters

About $13 billion worth of IT deals are getting renewed in the six months to December-end, allowing homegrown companies Tata Consultancy Services Ltd (TCS), Infosys, HCLTech, Wipro to vie for a share of this lucrative market.

The expected surge in deal activity aligns with IT firms navigating high costs and AI-led optimisation pressures from clients, showed data sourced by ET from data research and analyst firms.

Extrapolating the six-month period, the deal market this calendar year is likely to surpass the around $14 billion worth of deals renewed in…