IT
Muted Q1 awaits IT on sluggish spends and deal momentum
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India’s $280 billion IT services industry is expected to post muted first-quarter performance, weighed by continued caution in technology spending by corporations that is leading to slow decision-making and sluggish deal momentum, according to analysts.
Among the top six, industry leader Tata Consultancy Services, HCLTech, Wipro and Tech Mahindra are projected to post low single-digit to flat revenue growth sequentially in the April-June quarter, and even a decline year-on-year in constant currency.
The second and sixth biggest by revenue — Infosys…
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