Q3 results: Top 4 Indian IT companies balance caution and optimism

The third-quarter earnings of the top four Indian IT companies indicate that the demand environment continues to be challenging amid some cautious optimism for the future.

Thierry Delaporte, chief executive officer (CEO) and managing director (MD), Wipro, said during the earnings: “We are starting to see healthy indicators of growth.”

Wipro has forecast a muted sequential revenue growth rate of minus 1.5 per cent to 0.5 per cent in constant currency for the fourth quarter ended March as deal rampups and client decision making are yet to gain pace. It may be noted that Wipro guides for the quarter ahead, as different from Infosys and HCLTech, which do so for the full year.