Deal pipeline, AI push seen as putting IT firms on growth path

The domestic IT firms may still not be out of the woods in terms of improvement in spending by clients across the globe as is evident from the muted numbers reported by at least three firms – TCS, Infosys, and Wipro – during the October-December quarter. Analysts are of the view that companies across the world are yet to revive their IT spending and budgets are not going to pick up going ahead.

Still, the shares of the IT firms, led by bellweather TCS and Infosys have been rallying since last Thursday when the earning season kicked off.