India's HCLTech jumps on strong revenue growth outlook

India's HCLTech jumps on strong revenue growth outlook

The Star Online - Tech·2025-04-23 19:05

(Reuters) -Shares of HCLTech jumped 8% on Wednesday after India's third-largest IT firm delivered a strong revenue growth forecast, standing out in a sector weighed down by cautious outlooks from bigger rivals.

India's $283 billion IT sector is staring at a potential slowdown as U.S. President Donald Trump's tariff policy threatens to hurt growth in the United States, the biggest market for the tech companies.

Companies like Infosys and Wipro have forecast a weak year ahead, saying retail and manufacturing clients will be more exposed to tariff-related impact.

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