IT Services Deals on the Up

Wednesday Aug 18th 2010 by Staff

The number of IT services deals signed in the second quarter increased 14 percent from the previous three months.

CIO: According to research firm Ovum, the number of IT services deals increased in the second quarter, up 14 percent from the first quarter. That made the quarter the best in 12 months for the services sector.

However, Ovum analyst Ed Thomas said the news wasn't all good. "While the surge in the number of contracts announced for IT services in Q2 is good news for the sector, concerns remain about the scale of outsourcing in the private sector, where TCV [Total Contract Value] for Q2 slipped to only $10 billion as clients shied away from signing large deals."

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