Everest Group forecasts that organic constant currency revenue growth for the top five Indian IT firms TCS, Cognizant, Infosys, Wipro and HCL Technologies will drop to 6.9 per cent in the ongoing fiscal, from 7.9 per cent in the preceding year ended March.
The collective growth of the five has dropped for the last seven quarters, from 13.2 per cent in the June 2015 quarter to 6.9 per cent in the March 2017 quarter, underscoring the pressures the companies have been facing.
