Infosys’ confidence in better future in contrast to TCS’s mood in the IT camp

Infosys Ltd has become the first major Indian IT services company to express confidence in a turnaround, even as peers like Tata Consultancy Services Ltd (TCS) and Wipro Ltd adopt a cautious stance amid macroeconomic uncertainty and Gen AI disruptions.

In a conversation with Kotak Institutional Equities analysts, Infosys chief executive Salil Parekh said tech spending is likely to improve. This comes after US President Donald Trump’s tariff flip-flops have put client spending in limbo.