New Delhi, April 12 -- Rising macroeconomic uncertainties will impact the growth of information and technology (IT) companies in the financial year 2026 (FY26), Nomura said in its latest report.

The report says that the large-cap IT companies will have a subdued quarter, with all companies likely posting a sequential drop in revenues.

"Rising macro uncertainty to weigh on growth in FY26F," the report added.

The report points out that the financial year 2025 (FY25F) was a year of growth recovery for most Indian IT companies. This recovery was supported by a partial rebound in discretionary spending, particularly within the financial services vertical.

However, rising macroeconomic uncertainty--driven in part by concerns around US tarif...