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India's IT services groups brace for global spending freeze

Only telework shift saves TCS and Wipro revenue from falling off cliff

Employees walk in front of a building dubbed the "washing machine", a well-known landmark built by IT services group Infosys, at the Electronics City district in Bangalore.   © Reuters

MUMBAI -- India's top information technology services companies say revenue is being squeezed as corporations around the world and in all sectors postpone or shrink IT projects to conserve cash during the coronavirus pandemic.

Tata Consultancy Services, the industry leader, on Thursday broke with tradition by providing a bit of forward guidance at its quarterly earnings announcement.

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