 "IT firms")
There has been a surge in hiring and revenue growth in IT services companies in recent years, but the industry’s earnings are not keeping pace with the rising employee costs.
The result has been a steady decline in margins and subpar growth in profits.
The analysis is based on the annual finances of the top six IT services companies: Tata Consultancy Services, Infosys, Wipro, HCL Technologies, Tech Mahindra, and Mindtree.
