HCLTech’s revised guidance represents a 250 basis point reduction at the lower end compared to its FY25 forecast. However, the company has retained its operating margin guidance at 18–19 percent for the full year of FY26.
The $280 billion industry faces multiple issues: clients cutting back after overspending on digital transformation during COVID-19, a cautious global macro, the GCC phenomena, the AI boom, and more recently the US President Donald Trump’s tariff war.
All three IT companies have indicated they will hire roughly the same number of freshers in FY25 as they did in the previous fiscal despite the uncertain demand environment, driven by US President Donald Trump’s tariff war.
Unlike rivals TCS and Wipro who remained cautious and expect a possible delay in wage hike cycle, Infosys rolled out major chunk of the increments in January and rest is planned for April.
About 40 percent of freshers hired in FY25 had niche digital skills, including AI, compared to 17 percent hired in FY24, TCS CHRO has said
People with creative taste no longer need to be ‘code monkeys’ to get paid; they have AI to do those things, Srinivas has said
Trump's tariffs could dash IT sector’s FY26 revival hopes.
While AI-driven automation will impact certain service segments, experts say it will push GCCs up the value chain rather than derail India's growth story