Debasis Mohapatra
Bengaluru, 14 September 2025
Top five IT services companies drew around 50% of revenue from North American continent in FY25. Out of this, the United States of America contributed the most.
These data points are critical for investors as the US-India trade deal faces delay. Additionally, many highly-placed supporters of Trump administration have started raising their voices against outsourcing of technology work to India and other geographies. The HOPE Act proposes to put 25% outsourcing tax on all technology outsourcing work. ssss
Here is a snapshot of India’s top 5 IT firms’ North America/US revenue in FY25:
| Particulars | Share of USA/North America in total revenue | Total revenue in FY25 |
| TCS | 48.2% (North America) | $30.17 billion |
| Infosys | 57.1% (North America) | $19.27 billion |
| HCLTech | 65.1% (Americas) – Includes North America, & major economies of South America | $13.84 billion |
| Wipro | 31.7% (Americas 1) * 30.6% (Americas 2) ** | $10.5 billion |
| Tech Mahindra | 50.6% (Americas) | $6.24 billion |
- *Americas 1: Latin America, US (healthcare, consumer goods, retail, transportation, communication, technology products).
- **Americas 2: Canada & US (Banking, Financial Services, manufacturing, Hi-tech, energy & utilities).
