Indian IT sector to see mixed Q1FY26 performance; mid-tier firms to outpace tier-1: Report

The Indian Information and Technology (IT) sector will deliver a mixed performance in the first quarter of Financial Year (FY) 2026, with tier-1 companies likely to post muted revenue growth, while mid-tier firms are set to outperform, according to a report by HDFC Securities.

The report further added that despite ongoing global economic uncertainty and subdued discretionary spending due to US tariff measures and broader macroeconomic challenges, the deterioration in demand has been lower than initially anticipated. This has allowed companies to…