Our checks with IT companies suggest 1) Moderate acceleration in deal pipeline, 2) 5-20% increase in ACV of digital deals, 3) Growth in digital driven largely by existing logos (increasing stickiness), 4) Continuity in vendor consolidation, 5) Limited impact on service delivery from COVID-19 (but pipeline conversion uncertainty), 6) Deal sourcing strategy evolving with increase in non-RFP/higher POC conversion & more joint GTM with partners, and 7) Re-skilling & training reducing the demand-supply gap in new technologies, despite the supply shortage. IT sector is built to last and will navigate through the near-term economic shocks. We have observed improving structural trends in (1) Key demand drivers (performance and outlook of large enterprise clients for sector & company-specific), (2) Technology supply-chain (trends from leading global products & platform), and (3) Supply metrics (H-1B trends on wages, count & geo diversification).