When it becomes difficult to expand business at a faster clip, cost efficiency takes centerstage. Need proof? Just look at the March quarter performance of the top IT exporters to declare results - Tata Consultancy Services (TCS), Infosys, and Wipro. These companies along with their clients have turned their attention to optimising their processes to improve efficiency at a time when revenue growth suffers from slackened demand. One solace for
Financials
Amid slackening revenue-growth for IT majors, there is a silver lining
Synopsis
There is one trend that stands out across India’s IT majors that have declared their results – that is slackening revenue growth. What next then for TCS, Infosys and Wipro?
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