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TCS, Infosys likely to post strong quarterly revenue on surging outsourcing deals

Slowing global growth remains a concern for Indian IT firms

TCS chief executive Rajesh Gopinathan: Outsourcing deals inked over the last two quarters are giving Indian IT companies a boost.   © Reuters

MUMBAI (NewsRise) -- Top Indian outsourcing companies Tata Consultancy Services, Infosys, and HCL Technologies are likely to post strong quarterly revenue, aided by the steady inflow of outsourcing deals, even as fears of a global macroeconomic slowdown cast a shadow over this year's outlook.

The industry thrived as outsourcing deals surged over the past year, with India's largest software exporter TCS bagging orders worth billions of dollars since the beginning of 2018. A 6.1% decline in the value of the rupee against the U.S. dollar also helped boost the profits of Indian companies last year.

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