India’s IT majors — including TCS, Infosys, Wipro, and HCL — are forecasting a muted Q1 FY26, with sequential revenue growth estimated in the 0–3% range . Despite promising signs such as tariff pauses between the US and China/UK and fresh trade deals, deal closures remain sluggish, and non-critical IT projects continue to be paused or delayed by clients .India’s IT majors — including TCS, Infosys, Wipro, and HCL — are forecasting a muted Q1 FY26, with sequential revenue growth estimated in the 0–3% range . Despite promising signs such as tariff pauses between the US and China/UK and fresh trade deals, deal closures remain sluggish, and non-critical IT projects continue to be paused or delayed by clients .. Analysts note that while deal pipelines remain “healthy,” short-term conversions are under pressure, especially in discretionary and verticals like BFSI, hi‑tech, retail, and telecom .

Currency benefits from a weaker dollar offer slight relief, but the overall sentiment is one of caution — recovery may be delayed until the back half of FY26 .

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