The economic chaos caused by the covid-19 pandemic appears to be fertile ground for IT companies to seek out mergers & acquisitions (M&As) and as indicated by the management commentary emerging from India's top IT companies like Tata Consultancy Services (TCS) and Infosys.

During their recently announced Q4 results, both TCS and Infosys indicated that they're actively seeking out opportunities in capacity building acquisitions.

The TCS management noted that they see their customers pursuing consolidation and as technology partners TCS will also seek to participate in these, which is why they are closely tracking customer M&As. "We made our largest acquisition during the past financial crisis and there are clearly opportunities.

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