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Economic slowdown hits IT sector, they are finding it difficult to win large deals

Economic slowdown hits IT sector, they are finding it difficult to win large deals

Economic uncertainity coupled by a pressure to reduce costs is impacting IT sector Clients are skeptic about giving big projects to the IT vendors amid slowdown concerns Global economic slowdown and uncertainty about the growth prospects in coming quarters has resulted in declining business for IT companies. Most of the major IT companies are of the view that because of these concerns, clients are not willing to award big deals and hence the decision on such projects and deals are…

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