Trump Tariffs & Tech Titans: Who's Leading India's IT Race Post Q4 Results?

India’s IT giants face headwinds from Trump-era tariff fears and muted client spending, but Q4 results reveal diverging paths. TCS reported a 1.7% YoY profit dip (₹12,224 crore) but secured a record $12.2B in Q4 deals, while Infosys saw an 11.75% profit drop (₹7,033 crore) and cut FY26 guidance to 0–3% growth. Wipro bucked the trend with a 25.9% profit surge (₹3,570 crore), though revenue grew just 1.3%.

 

Key metrics:

 

TCS: Strong deal pipeline ($39.4B FY25 total) and AI focus cushioning macro risks.

 

Infosys: Margin resilience (21%) but Europe’s 15% growth fails to offset North America’s slump.

 

Wipro: Large deals up 48.5% YoY, but revenue guidance remains cautious (-3.5% to -1.5%).

 

While Wipro’s profit spike stands out, analysts warn its growth lacks scalability. TCS’s scale and Infosys’s cost control position them better for tariff-related volatility.

 

Source: Business Standard, Angel One, CNBC-TV18