Troubles for Indian IT firms linger as clients tighten their budgets

Infosys Ltd. and Wipro Ltd. are expected to kick off the Indian earnings season on a somber note as financial services clients kept information technology budgets tight.

Fiscal fourth-quarter revenue at Infosys, the country’s No. 2 IT services company, probably grew modestly. Wipro, India’s fourth-biggest provider, may post lower sales. Accenture Plc lowered its revenue outlook last month, citing a pullback in software spending by Wall Street firms, which are among the Indian companies’ biggest clients.