Infosys grew 9.8% with revenues of $ 12.78 billion in last fiscal , while Tata Consultancy Services, India’s largest IT firm grew 7.1% to $ 22.03 billion. Smaller rivals Wipro grew 3.8% to $ 8.6 billion and Tech Mahindra by 4.3% to $ 5.18 billion.
India had 504 million active internet users – who logged onto the Web at least once in the last one month – at the end of November 2019, according to a recent report by the Internet and Mobile Association of India (IAMAI).
While short-term projects are getting stalled, the managed services segment, which fetches significant revenue for service providers, has still not been impacted by the outbreak.