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India's IT Services Giants Hit With Steepest Growth Slowdown in Years
India's three largest IT services companies are facing their steepest growth slowdown in years as corporations curtail large technology projects amid global economic uncertainty and geopolitical challenges. From a report: Infosys, the country's second-largest IT services provider, on Thursday forecast revenue growth of just 0-3% for the fiscal year through March 2026, far below analysts' expectations of 6.3%. The guidance follows a quarter where net income fell 12% to $823 million, though this exceeded analyst estimates of $780 million. The disappointing outlook echoes similar concerns from rivals Tata Consultancy Services and Wipro, as US President Donald Trump's tariff policies add fresh headwinds to an industry already struggling with cautious client spending. Read more of this story at Slashdot.
India's three largest IT services companies are facing their steepest growth slowdown in years as corporations curtail large technology projects amid global economic uncertainty and geopolitical challenges. From a report: Infosys, the country's second-largest IT services provider, on Thursday forecast revenue growth of just 0-3% for the fiscal year through March 2026, far below analysts' expectations of 6.3%. The guidance follows a quarter where net income fell 12% to $823 million, though this exceeded analyst estimates of $780 million. The disappointing outlook echoes similar concerns from rivals Tata Consultancy Services and Wipro, as US President Donald Trump's tariff policies add fresh headwinds to an industry already struggling with cautious client spending.
Read more of this story at Slashdot.
