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

KEN KOYANAGI, Nikkei Asian Review Editor-at-large

April 17, 2020 03:52 JST

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.