This analysis is based on the quarterly financial results declared by the top listed Technology companies. The report covers a brief analysis on the performance of Indian technology companies, pure-play BPM companies, pure-play ER&D companies, and Global tech companies.

Key Highlights

• Indian Technology Industry Performance
  • Indian tech revenues grew 5.4% y-o-y but remained flat q-o-q in Q4FY26 in reported currency terms.
  • EMEA led geographic growth, supported by manufacturing deal ramp-ups and digital transformation demand.
  • Transportation, Travel & Hospitality was the strongest vertical, driven by travel recovery and AI-led efficiency initiatives. BFSI and Manufacturing remained subdued amid cautious spending.
  • The employee base declined slightly by q-o-q with a net reduction compared to net additions in Q3FY26.
  • Attrition increased by 60 bps q-o-q.
  • Segments:
    • Pure-play BPM revenue growth moderated to +0.5% q-o-q with expansion in net margins.
    • Pure-play ER&D revenues grew at +0.6% q-o-q, while margins remained stable.
• Global Technology Companies Trends
  • Revenues for select set of global tech companies declined by 4.5% q-o-q.
  • Net profit margins contracted by 180 bps in Q4FY26.
  • Headcount dropped by 60 bps during the quarter.