Infosys, on Thursday, joined peers Tata Consultancy Services (TCS) and Wipro in highlighting the impact of an uncertain tariff regime that is derailing the tentative recovery in global demand for technology services.
For India’s $280 billion IT services industry, beset by a near two-year slowdown due to macro-economic challenges in the aftermath of the Covid pandemic, this fresh roadblock is leading to flattened growth, slowing profits and a sharp dip in fresh hiring.
The chief executives of all three IT companies cited prevailing volatility from the…
