Indian IT sees some clarity in the unknown

Akshara· Host0:00

[upbeat music] In today's episode, we'll break down two important stories. First, we'll talk about Indian IT seeing some clarity in the unknown, and then we'll talk about dollar prices and economic pain. Welcome back to the Daily Brief by Zerodha, where we cut through the noise to help you understand what's actually happening in the most important stories from business and markets. I'm your host Akshara, and today is Friday, eighth May. Coming to the first story. So every quarter, we return to the same questions about Indian IT, and for most of the last year, the answers were some version of unclear. We covered what went wrong in Q1 and a tentative recovery in Q2. Q3 was a more confident showing, but highly uncertain, and not just because of AI. Now, the Q4 answers are getting sharper as some companies are speaking more plainly about what's actually happening to their business. The last quarter also tends to be a reflective moment for management. So to finally round up the whole year, we'll be looking at the results of Tier 1 Indian IT firms, particularly focusing on TCS, Infosys, HCLTech, and Tech Mahindra or Tech M. Later, in another episode, we'll cover the performance of mid-cap IT firms separately. We also recommend listening to our recent podcast on Indian IT with technology investor and veteran IT professional Ameyap to gain richer context on what the results mean. Let's start with the headline numbers. TCS Q4 revenue came in at $7.6