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Indian It Sector to Witness Soft Growth in Q1 Despite Seasonal Strength: Report
Samira Vishwas | July 9, 2025 12:24 AM CST

New delhi: The Indian It Services Sector is Expected to Experience a Soft Quarter Growth (Q1fy26) Despite The Seasonal Strength, According to a report released on Tuesday. It Companies’ Earnings are expected to be mixed across the board with a very soft Quarter for ER & D Services Companies on a Quarter-on -Quarter (Qoq) Basis, Equirus SECURITIES SAID IN Its SAID IN Its SAID in Its Report.

The report is being prepared considering infosys and tech mahindra amn-cap it companies, and zensar, mphasis, and kpit eclerx amon mid-cap companies on a relative basis. The Financial Service Firm Sees Some Sort of Modification in Infosys in Infosys’s FY26 Sense Growth Guidance and Soft Growth in the Top Six Large-Cap It Companies.

“Infosys to guide for 1.0-3.25 per cc growth in us $ sales to larger incremental inorganic growth contribution of c. Guidance of 20-22 per cent for fy26e, “The report said.

“The Top 6 Large Caps to Register Qoq Growth of (-) 2.6 per cent to (+) 1.4 per cent in us $ sales in cc terms in 1q1 fy26e. Top 6 Large Caps in the range of 120-230 BPS Qoq, “it added.

However, the firm expects a healthy sales performance from some of the midcap it/bpo services companies. The Financial Research Firm Expects Demand Commentary to Remain Cauutious. However, it believes that vendors are witnessing better demand tailwinds in bfsi.

As per the report, TCS’s us $ revenue is expected to Dip Qoq by 0.4 per cent in cc terms. Tepid growth is larger due to the expected ramp-down in the BSNL Deal and some softness in sales growth in international markets. Equirus Expects Wipro us $ sales to Dip by 2.6 per cent quoq in cc terms, while hc tech us $ revenue growth is expected to be 1.4 per cent quoq.

Tech Mahindra’s us $ sales to dip 0.8 per cent quoq sales in cc terms considering seasonal softness in comviva and continuing softness in demand from some of the Hi-Tech clients, Acording to the report.


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