Drop in renewal deals poses revenue challenge for top IT firms
ETtech.com - 2024-04-30T00:30:00.000Z

Despite record deals announced in the final quarter of 2023-24, the deal momentum has slowed down from a year ago as companies are witnessing clients signing more net new and transformational deals rather than renewing old deals. The new deals are often of smaller value, leading to a dip in the revenue of software companies primarily due to lesser discretionary expenditure by client firms. This has also resulted in vendor consolidation and slower decision-making on larger deals, said...

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and I'd challenge the top Michelin-star chefs to be able to tell the difference between the real-deal!

Top IT firms saw wage bills rise 5.5% even as revenue growth dips

Liberia Faces Budget Deficit and Revenue Challenges As Senator Konneh Calls on Colleagues to Place Focus on Revenue Generation