IT's Top 5 Might End This Fiscal a Tad Better Than the Last One

Tech services companies' growth optimism reflects in better recruitment numbers

- Jas Bardia

India's largest information technology (IT) services companies are expected to perform marginally better in the current fiscal year compared to the previous one due to higher business from the Americas and growth markets such as Asia, with a rise in hiring to match the growth.

According to the guidance given by the companies for the three months ended March 2025, the country's two largest IT services companies—Tata Consultancy Services Ltd (TCS) and Infosys Ltd—are expected to report higher growth than last year.

Growth at third-largest HCL Technologies Ltd is expected to be flat, whereas fourth-largest Wipro Ltd and fifth-largest Tech Mahindra Ltd are both expected to end the fiscal with a second consecutive full-year revenue decline, albeit not as much as last year.

The optimism of a better FY25 has been reflecting in the hiring trends of Indian IT's top five.

TCS, Infosys, Wipro, and Tech Mahindra increased headcount in April-December 2024, adding a cumulative 17,188 employees. This comes on the backdrop of the top five IT services companies trimming headcount last fiscal by 57,735 in total.