Mahindra Satyam winning new deals

Atul Kunwar, head of operations in Europe, Asia Pacific, the Middle East, Africa and India, said while the firm had no major client losses since April, some of its clients continue to keep it on “watch list” to see its performance for about six months.

“Definitely, there is a sense of optimism that has started to come back but it isn’t something that’s windfall kind of a situation right now,” Kunwar told Reuters on Monday. “The momentum is starting to build (but) it is not that it has reached critical mass kind of a thing,” he added.