New Delhi, Jan. 5 -- Client caution and macro concerns will cloud earnings of India's top 10 information technology (IT) services companies in the December quarter, at least four brokerages said, signalling a longer wait for demand pick-up. Just three months earlier, analysts had predicted that the quarter would see a demand revival for IT's Big Five, which are still awaiting Fortune 500 companies to resume non-essential tech spending.

The top three of Tata Consultancy Services Ltd, Infosys Ltd, and HCL Technologies Ltd are expected to report sequential revenue growth of 0.1-3.6%, with growth led by third-largest HCLTech, estimates from Motilal Oswal Financial Services, Axis Capital, ICICI Securities and Deven Choksey Research showed. Fo...