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For IT's Big Five Hoping for a Rebound, All Bets Are Off

Hindustan Times Amritsar

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April 05, 2025

India's Big Five information technology services companies will be in a tricky position when they kick off their earnings season next week.

- Jas Bardia

BENGALURU: Although the sector wasn't targeted by US President Donald Trump's retaliatory tariffs, uncertainty in its largest market is expected to delay technology spending.

The first quarter of the financial year provides a platform for companies to both showcase the previous year's performance and make projections for the next 12 months, offering analysts and investors a sense of what to expect.

Each of India's top five IT services companies had expected to end 2024-25 on a better note than in FY24 on the back of improving demand for tech services and increasing demand visibility.

But amid Trump's tariff war, analysts say India's top IT companies should either defer providing annual growth guidance for 2025-26 or at least be conservative in their projections.

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