Friday, July 18, 2025 | 08:37 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Is the worst over for IT? Q1 earnings of firms send out growth feelers

Pandemic impact bottomed out in Q1, second half likely to see better growth

Automation and cloud are the most sought-after areas for Indian IT services firms to invest and acquire
premium

Despite revenue contraction on a sequential basis, Tata Consultancy Services (TCS), Infosys, and Wipro had won many large deals in the April-June quarter

Debasis Mohapatra Bengaluru
The first-quarter (Q1) earnings of leading information technology (IT) services firms give a clear indication that the worst may be over for the industry, and that growth revival is already underway, albeit at a slower pace.
 
Despite revenue contraction on a sequential basis, Tata Consultancy Services (TCS), Infosys, and Wipro won many large deals in the April-June quarter — an indication that tier-I firms have benefited from vendor consolidation, said experts.
 
Also, management commentary of the three IT majors showed that the slowdown is more sector-specific in nature. Key business verticals, such as banking, financial services and insurance (BFSI) and