The Indian IT industry is set to witness another reasonable quarter and the top 5 companies are expected to accrue revenues in line with their last quarter guidance despite rising salaries and attrition.
The torchbearer in this quarter could be Wipro and HCL Technologies and others such as TCS and Infosys to show slightly lesser quarter-on-quarter results, said analysts. The industry is expected to post q-o-q revenues of 5.56 percent.
"Wipro is slated to post strong revenue growth at 9 percent as compared to the previous quarter," says an analyst from a leading brokerage house in Mumbai, who did not want to be named.
The package implementation and infrastructure services are bound to drive revenues for Wipro. The BPO business that had a huge impact in the past two quarters will continue to do so according to industry watchers.
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