MUMBAI (NewsRise) -- Tata Consultancy Services, Infosys and other top Indian software exporters are set to show subdued revenue and profit in April-June as rising costs and weak technology spending in some of their key markets cast a pall over outsourcing demand.
Growth in the quarter is likely to be crimped by weaker-than-expected demand in the financial services sector in North America that accounts for a bulk of the software industry's revenue, say analysts. Wage increases and higher cost of visa applications could also erode profits. Besides, a 3.2% average increase in the value of Indian rupee against the U.S. dollar has further escalated the pressure on margins.
