Modest Q3 Awaits IT Big Caps as Weak Demand Curbs Momentum
Analysts from Elara, Nuvama, and Bloomberg forecast sequential revenue growth of just 0-2% for giants like TCS (flat), Infosys (-0.5%), and Wipro (~0.5%), hammered by US/Europe furloughs, lower utilization, and wage hikes offsetting rupee weakness. Eyes will be on AI deal commentary, with TCS touting $1.5B in AI revenue, but overall sector growth stays muted at ~7% YoY amid macro caution and tariff risks—midcaps like Coforge may shine brighter at 3%+.[1][2][4]
