Q1 earnings wrap: India's top IT firms report single-digit growth; clients cautious amid weak macros, AI drives selective uptick

India's leading IT firms experienced modest single-digit revenue growth in Q1 FY26, influenced by global economic uncertainties and cautious client spending. While TCS and Infosys saw slight revenue increases, HCLTech led with 8.1% growth, though profits varied across companies. Despite short-term demand softness, analysts remain optimistic about future IT spending driven by technological debt.

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