Who’s really leading India’s IT recovery? Infosys, Tech Mahindra and HCL Tech compared
Investors were looking for clear signs of a revival in the performance of IT companies in the June 2026 quarter following Tech Mahindra’s results last week.
However, Infosys after the close of Thursday trading reported a lacklustre 1% quarter-on-quarter (q-o-q) growth in constant currency terms of its consolidated revenues to Rs 48,211 crore in the June 2026 quarter.
Sluggish growth could be partly attributed to lacklustre performance in certain verticals — its key financial services vertical accounted for 27.9% of total revenues in the June 2026 quarter as compared to 28% in the March 2026 quarter.
