Deal Momentum Expected To Drive Growth, Margins Under Pressure

India’s largest software services providers are estimated to report growth in the quarter ended March, aided by new deals and cloud services, even as wage hikes and attrition continue to be a drag on margins. The aggregate revenue of top five IT companies in terms of market capitalization — Tata Consultancy Services Ltd., Infosys Ltd., Wipro Ltd., HCL Technologies Ltd. and Tech Mahindra Ltd. — is expected to rise nearly 2.71% sequentiall …

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