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| 12dThe cloud is building; will TCS, Infosys, Wipro get showers of joy?
Microsoft Azure, Amazon Web Services (AWS), and Google Cloud are witnessing a surge in new business, potentially aiding the growth of India's largest technology services companies. In Q1 2022, the three cloud giants collectively added $2 billion in incremental revenue, a 36.5% increase compared to Q1 2021. The strong growth of cloud computing firms is seen as a positive sign for Indian IT services companies, which have become increasingly reliant on cloud business for their own growth. However, some challenges, including company-specific issues and the rise of AI, may limit the benefits for all IT firms.
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