Friction between the finance and business teams at IT services provider Infosys — which is facing two separate complaints by whistleblowers — regarding the way contracts are structured, may have triggered the most recent blowup, people in the know of developments told ET.
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This comes at a time when Indian software services firms are seeing clients demand more bang for their buck. For Indian IT firms, businesses from traditional contracts remain flat or are growing only marginally, as clients apply pressure to cut costs, embrace automation and improve productivity. “Large deals are difficult to come by, and when they do come, they are not simple, but involve complex structuring,” said the person cited earlier.
Source: Economic Times
