mega deals: Mega deals at IT majors could slide to half of net new revenue for FY26

The contribution of mega deals as part of total new revenue of India’s leading information technology firms could further slide in FY26 as clients’ focus undergoes a structural change.Even as they remain critical for robust growth, the percentage of mega deals—those with total contract value (TCV) of $500 million or more—will stabilise at around 50% for top IT services players in FY26, industry experts said.

Mega deals accounted for 55-65% revenues of the country’s top five IT services companies until FY24, data sourced by ET show.

These…