With the Big 5 IT firms having declared their annual results and shared their outlook, a few clear themes are emerging:
Pricing pressure is real
Clients across industries are tightening IT budgets. The message is clear: cost optimisation > discretionary tech spend.
A global trend takes hold
Enterprises worldwide are prioritising operational efficiency, impacting the growth pipeline for Indian IT firms.
BFSI shifts the model
The backbone of India’s IT sector, the BFSI segment, is moving away from long-term contracts to shorter, usage-based models, signalling a shift in how services are consumed.
Consumer tech spend slows
Tariffs and economic uncertainty, especially in the US, are making clients cautious. Delays and deferrals in discretionary tech projects are becoming more common.
Muted suggestions for FY26
Most top-tier Indian IT companies have either skipped formal guidance or hinted at soft growth expectations for the year ahead.
