Of India's three leading information technology (IT) companies, the top two, Tata Consultancy Services (TCS) and Infosys, have been able to meet market expectations on their 2015-16 fourth-quarter performance. This is in sharp contrast to the performance of the third, Wipro, which has disappointed markets and suffered downgrades. Among the rest, mid-sized company Mindtree has turned in robust results, indicating that the smart can outpace the rest even in trying global times. (HCL Technologies, another large company, is yet to announce results.) This is more or less par for the course for India's export-driven information technology sector at a time when overall exports for the economy have severely underperformed. If the $150-billion IT sector had not been around, then overall export performance would have been absolutely disastrous.
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First Published: Sun, April 24 2016. 21:41 IST
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