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Upbeat guidance, weak rupee bode well for big IT

Upbeat guidance, weak rupee bode well for big IT

Top-tier Indian software exporters Infosys and Wipro sustained business momentum in the September quarter, reporting stronger growth compared with their larger peer Tata Consultancy Services (TCS). In the near term, strong demand and weaker trend in the rupee will serve as tailwinds amid the challenge of higher employee attrition, which may put pressure on profitability.


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14 October 2021, 02:45