Infosys co-founder Nandan Nilekani has described the current situation in the IT services sector as a “perfect storm,” where large deal opportunities are emerging but are taking increasingly longer to close. Speaking at a recent event, Nilekani highlighted that while demand for digital transformation remains strong, prolonged sales cycles and complex client decision-making are stretching timelines. This trend is affecting revenue visibility and planning across major IT firms. Nilekani emphasized the need for agility and innovation to navigate this challenging phase effectively.