For Indian IT services companies, here is the summary of their performance in the March quarter: the industry started on a good note in 2020, but then an abrupt disruption by covid-19 derailed things.

Besides, commentary from top-tier firms made it clear that the June quarter will be impacted far worse and revenues are likely to decline sharply in the September quarter as well.

Market leader Tata Consultancy Services Ltd’s (TCS) commentary suggested a recovery only from the December quarter. Cognizant Technology Solutions Corp.

was the last among the top-tier firms to report March quarter numbers. Similar to other large Indian IT firms, Cognizant also warned of an immediate hit to its business.

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