New Delhi, March 12 -- Indian IT services companies will witness a moderate 4-6 per cent revenue expansion in USD terms in Financial Year 2026 (FY26), the ICRA said in its projection on Wednesday.

Further, ICRA anticipates attrition levels to stabilize around the long-term average of 12-13 per cent over the near term.

Moreover, the credit rating agency added that the hiring is likely to remain low until the growth momentum picks up by the end of FY2026.

The operating profit margins (OPM) for the sample set are expected to sustain at 22.5-23.0 per cent over the next three to four quarters.

Commenting on the near-term expectations on industry performance, Deepak Jotwani, Vice President & Sector Head, ICRA, said, "The growth momentum for...