India’s $280 billion IT services industry is expected to post muted first-quarter performance, weighed by continued caution in technology spending by corporations that is leading to slow decision-making and sluggish deal momentum, according to analysts.

Among the top six, industry leader rel=”dofollow” href=”https://economictimes.indiatimes.com/tata-consultancy-services-ltd/stocks/companyid-8345.cms” target=”_blank”>Tata Consultancy Services, HCLTech, rel=”dofollow” href=”https://economictimes.indiatimes.com/wipro-ltd/stocks/companyid-12799.cms” target=”_blank”>Wipro and rel=”dofollow” href=”https://economictimes.indiatimes.com/tech-mahindra-ltd/stocks/companyid-11221.cms” target=”_blank”>Tech Mahindra are projected to post low single-digit to flat revenue growth sequentially in the April-June quarter, and even a decline year-on-year in constant currency.

The second and sixth biggest by revenue — rel=”dofollow” href=”https://economictimes.indiatimes.com/infosys-ltd/stocks/companyid-10960.cms” target=”_blank”>Infosys…

India’s $280 billion IT services industry is expected to post muted first-quarter performance, weighed by continued caution in technology spending by corporations that is leading to slow decision-making and sluggish deal momentum, according to analysts.

Among the top six, industry leader rel=”dofollow” href=”https://economictimes.indiatimes.com/tata-consultancy-services-ltd/stocks/companyid-8345.cms” target=”_blank”>Tata Consultancy Services, HCLTech, rel=”dofollow” href=”https://economictimes.indiatimes.com/wipro-ltd/stocks/companyid-12799.cms” target=”_blank”>Wipro and rel=”dofollow” href=”https://economictimes.indiatimes.com/tech-mahindra-ltd/stocks/companyid-11221.cms” target=”_blank”>Tech Mahindra are projected to post low single-digit to flat revenue growth sequentially in the April-June quarter, and even a decline year-on-year in constant currency.

The second and sixth biggest by revenue — rel=”dofollow” href=”https://economictimes.indiatimes.com/infosys-ltd/stocks/companyid-10960.cms” target=”_blank”>Infosys…