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... Read this story