The top three Indian Information Technology companies, namely Infosys, Tata Consultancy Services (TCS) and Wipro, have declared their financial result for the quarter ended on June 30. 

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As estimated all the three companies reported muted profits in Q1FY18. According to analysts, IT firms were expected to report muted financial performance for the April- June quarter, with margins coming under pressure on account of rupee appreciation and wage revision.

Expect Q1 performance of IT cos to be muted, say experts

  • Infosys reports Q1 profit growth on client wins
  • Tata Consultancy Services net profit drops by 6% to Rs 5,950 crore in Q1FY18
  • Wipro reports muted Q1FY18, sees revenue at $2 billion in Q2FY18