Information Technology Sector — Q4 FY25 Earnings Overview

Management noted softness in US high-tech and auto sectors, with delayed BPS ramp-ups and cautious discretionary spending.

Management acknowledged that margin expansion requires revenue growth, and current macro stress may delay FY27 targets.

Management cited heightened uncertainty from recent tariff changes and economic outlook, which could impact client spending and deal flow.

Management flagged that tariffs and deglobalization could lead to budget cuts, contract renegotiations, and delays, especially in retail and manufacturing verticals.

Management noted project delays and cautious discretionary spending from late February; if uncertainty persists, deal conversions and revenue growth could be impacted.