India’s Top Information Technology (IT) service companies TCS, Infosys and Wipro have disappointed the results of the March quarter and the entire financial year 2024-25. These companies indicated to pursue vigilance, as large uncertainties associated with global trade crisis have weakened business sentiments. The impact of large concerns was shown on several fronts, including weak forecasts and hesitation in expressing advance commitment on salary hike.
The comments of the management of India’s billions of IT companies for the FY 2024-25 January-March quarter have been largely serious. Recruitment trends were a little better. The recruitment trend was a little better. TCS, Infosys and Wipro added a total of 1,438 employees between the third and fourth quarter of FY 2024-25. This led to a decline of over 900 in the previous quarter.
Wipro’s Chief Affairs Officer (CEO) and Managing Director (MD) Srinivas Palia said during the recent income announcement, “The atmosphere of the global industry was uncertain most of the year and recent fee announcements have further extended it. Even though the demand for reconstruction of technology remains strong, customers are watching it more carefully.
The US fees and the unstable trade policies of President Donald Trump have abolished any expectation of reform. TCS Managing Director and CEO Kritivasan said that the firm hopes that the financial year 2025-26 would be better than the last financial year in terms of revenue, but also accepted the challenges.
First Published – April 20, 2025 | 10:52 pm IST
(Business Standard Staff has changed the headline and photo of this report, the rest of the news has been published without any change from a common news source.)
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