Updated:
April 20, 2025 14:45
Image Source: Live Mint
India's largest IT majors—TCS, Infosys, and Wipro—reported lackluster Q4 FY25 numbers, attributing it to global macroeconomic headwinds and fresh tariff worries. TCS saw net profit decline nearly 2%, Infosys lagged revenue and profit estimates with a 12% YoY net drop, and Wipro gave conservative Q1 guidance on a "sobering" business environment.
The sector's high reliance on US clients (over 50% of revenue) has witnessed recent US tariff announcements and changes in trade policy destabilize sentiment, with managements citing clients resisting projects and signing tech expenditure. Whilst hiring did improve modestly, pay increases remain reserved.
Experts warn that the indirect impacts of tariffs—like inflation and reduced discretionary consumer spending—could prolong slow growth, although underlying demand for tech change is still intact.
Source: Business Standard, Moneycontrol, Reuters
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