Infosys outshines peers in a cautious quarter for IT firms
The April–June quarter for the IT majors was broadly subdued. Among the big Four – Tata Consultancy Services (TCS), Infosys, HCLTech, and Wipro – Infosys stood out as the only company to report revenue growth in constant currency, while its peers registered declines both sequentially and in margins.
As acknowledged by Infosys CEO and MD, Salil Parekh, the broader economic backdrop remains anything but stable. Parekh said that while discussions around global macroeconomic trends appear more settled than before, they are still far from resolved. The industry continues to be in flux amid geopolitical tensions, reduced discretionary spending, and evolving client priorities.
