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Europe to lead recovery for Indian IT firms in September quarter: Analysts

$825 bn stimulus package announced by the European Commission to help banking, financial services insurance sector.

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Continuity in market share gains in Europe and resumption in lateral hiring are key growth drivers for TCS

3 min read Last Updated : Aug 28 2020 | 10:30 PM IST

Europe is set to drive growth for IT service providers in the September quarter on the back of recovery in demand from the region and accelerated investments in nearshore centres by the service providers.

The geography had already shown green shoots in the first quarter of FY21. Europe was the only global market to show positive growth for Infosys in Q1 while bigger rival Tata Consultancy Services (TCS) recorded highest growth from the geography during the same period.

Continuity in market share gains in Europe and resumption in lateral hiring are key growth drivers for TCS while expansion of onshore

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