How Indian IT developed a taste for acquisitions this year
IT’s acquisition spree comes on the back of slowing growth. TCS, Infosys, HCLTech, Wipro and Tech Mahindra reported revenues of $30.18 billion, $19.28 billion, $13.84 billion, $10.51 billion, and $6.26 billion respectively in the last fiscal. While TCS, Infosys, and HCLTech reported revenue growth of 3.8%, 3.9%, and 4.3%, respectively, Wipro and Tech Mahindra reported full-year revenue declines of 2.7% and 0.2%, respectively.
