Mumbai, April 5, 2025 – India’s leading IT services firms are projected to post muted growth for Q4 FY25, mainly due to economic headwinds in the U.S. and Europe. Ongoing uncertainty in these key markets has led to slower decision-making and cutbacks in discretionary technology spending, affecting revenue generation for companies like TCS, Infosys, Wipro, and HCLTech.
While deal pipelines remain stable, conversion delays and rising operational costs—including wage hikes and onshore expenses—are expected to pressure profit margins. Despite short-term challenges, analysts are cautiously optimistic that demand will revive in the second half of FY26 as global economic conditions stabilize.
