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Tariff impact: Retail, mfg verticals worst hit for IT cos
The New Indian Express Kochi
|April 22, 2025
FOR IT services companies, verticals such as retail, manufacturing and logistics will be worst hit due to US tariffs.
Nearly 13.3% of Infosys' revenue comes from its retail segment, which saw -2.6% year-on-year de-growth in CC terms for the quarter ended March 2025. For Wipro, BFSI de-growth was 0.5% sequentially and healthcare degrowth at 3.1%.
Consumer degrowth was at 1.3% sequentially, technology & communication degrowth at 0.9% QoQ and energy, manufacturing and resources grew 1.1% sequentially and saw degrowth of 7% YoY.
The country's largest IT services firm Tata Consultancy Services (TCS) saw delays in discretionary projects, especially in the US.
This story is from the April 22, 2025 edition of The New Indian Express Kochi.
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