The second-quarter performance of the top five information-technology services firms gives the hint that slow growth has bottomed out on the back of discretionary spending kicking in for the sector’s largest vertical – the banking and financial services. However, concern about the macro-environment continues to be a challenge. Among the top four – Tata Consultancy Services (TCS), Infosys, HCLTech, and Wipro – it is Bengaluru-based Infosys that has performed the best and that was evident in its full-year revenue guidance.
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