TCS, Infosys face election uncertainty in UK, US: CLSA

Tata Consultancy Services (TCS) and Infosys are facing election-related uncertainty in the US and UK, which together contribute about 60% of demand for major Indian IT companies, according to analysts at CLSA.

Adding downside risks for Infosys, CLSA said the top management churn at the company is leading to loss of deals and slippage in delivery execution. Many senior level executives at top IT companies have resigned in the last two years.