मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
Top IT Cos' Results Trail Expectations Amid Tariff Woes
Hindustan Times Rajasthan
|April 21, 2025
India's top-rung IT services companies TCS, Infosys, and Wipro disappointed with their March quarter and full year FY25 scorecards on multiple counts and collectively signaled heightened caution up ahead, as macro uncertainties compounded by global trade woes eroded sentiments and weighed on business outlook.
NEW DELHI:
The overhang of macro concerns reflected on several fronts, from muted outlook to hesitation to commit upfront on wage hikes, as management commentary from India's billion-dollar IT powerhouses remained largely sobering in the just-ended quarter. Hiring trends fared a tad better. TCS, Infosys, and Wipro cumulatively added 1,438 employees between Q3 and Q4 FY25, marking a shift, and indeed a reversal, from declines of over 900 seen in the previous quarter.
With US tariff posturing swiftly resetting global trade dynamics, the tone of business commentary in Q4 was punctuated with references to underlying uncertainties and caution.
"The global industry environment remained uncertain for most of the year and the recent tariff announcements have only added to that... Even though the underlying demand for tech reinvention remains strong, clients are approaching it more cautiously," Wipro CEO and Managing Director Srinivas Pallia said during the recent earnings' conference.
यह कहानी Hindustan Times Rajasthan के April 21, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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