IT biggies post 14-20% topline growth in Q3 as caution; optimism marks mixed earnings’ commentary

India’s IT services heavyweights delivered between 14-20 per cent on-year growth in topline for December quarter, as they raised guard on global uncertainties and choppy verticals, but remained hopeful that costs as well as business considerations will drive tech demand.

The tech earnings season began with large IT companies — Tata Consultancy Services (TCS), Infosys, Wipro and HCL Technologies — declaring their Q3 report card this week, amid analysts’ gloomy prognosis around slowdown in advanced economies and fear of geopolitical flare-ups.

The industry leaders said they are keeping a close watch on the global economy and cues.