In charts: The deep, dark hole that Indian IT is struggling to climb out of
Last week, two of India’s biggest information technology (IT) services companies posted their quarterly results. On July 13, Tata Consultancy Services (TCS), the country’s largest software exporter, reported quarter-on-quarter revenue growth (pdf) of 2% in constant currency terms. A day later, Infosys reported only slightly better results (pdf) as revenues grew by 2.7% quarter-on-quarter in…