Bad debt of vendors rises in June quarter

Indian IT vendors have seen an increase in debt considered doubtful and outstanding for more than six months in the June quarter due to delays in payment by some clients, ahead of their revenue growth.
Infosys leads the top three firms at 60 per cent increase year-on-year, followed by Wipro at 56.3 per cent, while for Tata Consultancy Service, it is 38.5 per cent. Revenue for the three companies grew at 12.7 per cent, 5 per cent and 12 per cent, respectively.

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