Wipro, Infosys see decline in share of top-five clients in total revenues

Infosys had a total 1,162 clients as on March 31, 2017, while Wipro has nearly 1,300 clients

India's internet technology (IT) services firms such as Wipro and Infosys have seen revenue contribution from their top five clients decline as they have not been spending enough on traditional services and have shifted technology budgets towards areas such as digital and cloud.

These large clients, who have long-term multi-year outsourcing contracts with Indian firms, contribute nearly a tenth of their revenue. Any change in their IT spending would have an impact on renewals, forcing companies to invest more resources and time to get new contracts.

Infosys has a total 1,162 clients as on March 31, 2017, while Wipro has