Business Standard

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

Topics
IT Industry | Coronavirus | Lockdown

Debasis Mohapatra  |  Bengaluru 

Automation and cloud are the most sought-after areas for Indian IT services firms to invest and acquire
Despite revenue contraction on a sequential basis, Tata Consultancy Services (TCS), Infosys, and Wipro had won many large deals in the April-June quarter

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.

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First Published: Thu, July 16 2020. 20:10 IST