Indian IT firms are buying growth, one client at a time
Last year was among the slowest for Indian IT. TCS reported its first revenue decline since listing on the stock exchanges in 2004, while Wipro reported its third straight year of revenue decline. TCS and Wipro ended the year with revenue of $30.02 billion and $10.48 billion, down 0.5% and 0.3%, respectively, from a year earlier. Infosys and HCLTech reported revenue of $20.16 billion and $14.66 billion, up 4.6% and 6%, respectively.
