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Business trends

India IT back on track as Tata and HCL mark double-digit growth

Strong quarterly earnings point to the sector returning to its glory days

Some analysts see signs of a revival in India's once-robust IT outsourcing sector.   © Reuters

MUMBAI -- Two of India's largest tech services providers posted double-digit gains in sales during the most recent quarter -- a sign that the sector could return to its heyday of rapid growth.

Third-ranked HCL Technologies saw revenue jump 11% from a year earlier to $2.2 billion for the three months ended December, topping the 9% bounce in the July-September period.

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