New Delhi, June 10 -- Top companies globally are cutting down on the number of information technology (IT) outsourcers they are working with and consolidating work across silos to a few vendors in an effort to cut costs amid uncertainty over the US administration's flip-flops on trade tariffs.

Infosys Ltd and Cognizant Technology Solutions Corp, two of India's biggest IT services companies, said during calls with analysts that the move towards so-called 'vendor consolidation deals' is poised to benefit them.

Jayesh Sanghrajka, CFO of Bengaluru-based Infosys, and Sandeep Mahindroo, the company's financial controller, told analysts at Kotak Institutional Equities that such deals have become important for the company.

"The IT industry cur...