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Infosys may lead Indian IT pack this festive season

Livemint · 27d

- Analysts predict that Infosys will post the fastest revenue growth in the IT services space for the quarter ending September 2024. - Infosys's growth is expected to surpass that of Tata Consultancy Services during the same period. - The growth of Infosys is driven by the consolidation of the in-tech acquisition and the ramp-up of previously won deals. - TCS's muted revenue growth is primarily attributed to a large 4G network deployment deal won from BSNL. - Operating margins for the top IT services companies are expected to increase in the September quarter due to cost optimization and lower visa costs. Salary hikes may offset some of the margin gains. - HCL Technologies' growth in the September quarter is projected to be more modest than TCS, driven by growth in all business segments except financial services. Wipro is expected to report the slowest growth among the top five companies, while Tech Mahindra is expected to see modest growth fueled by deals and cross-currency fluctuations.