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Indian IT firms may report 5-9% contraction in revenues for June quarter

Hospitality and travel, as well as manufacturing and retail, are the segments likely to see maximum hit

Indian IT firms | Coronavirus | Indian Economy

Debasis Mohapatra  |  Bengaluru 

Coronavirus to cripple Indian start-ups, firms struggle to pay salaries
According to market analysts, TCS and Infosys will see sequential revenue contraction of 5-6 per cent, while Wipro and HCL Tech could see an 8-9 per cent fall in their top line.

Indian IT services firms are likely to report 5-9 per cent contraction in revenues for the June quarter, even though deal pipeline is expected to remain firm.



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First Published: Thu, July 02 2020. 21:22 IST