​6 reasons why the ‘worst’ may be over for TCS, Infosys and Indian IT companies

Analysts see improvement in demand for technology services. This they expect to be reflected in a strong order book in the results of TCS, Infosys, Wipro, HCL Technologies and other IT companies. “The IT sector is expected to bounce back to over 3.2% quarter-on-quarter (revenue growth) in the second quarter following a 6% decline in the first quarter…Growth is backed by strong deal flow, improvement in execution,” told Apruva Prasad and Amit Chandra, technology analysts at HDFC Securities, in a note to Economic Times.