While efforts to increase top line have been ongoing for some time, they are unlikely to lead to miracles in terms of performance improvement in the short term. "This underscores the need for agile cost-cutting that will reduce costs immediately while not impairing performance," he said. The biggest challenge for these IT companies has been the uncertainty in macro-economic environment which has impeded the deal momentum. Added to this, there is also the pricing pressure on the conventional IT deals. For the Indian IT industry, the largest revenue generating vertical is the banking, financial services and insurance (BFSI) segment. In case of TCS and Infosys, this vertical has performed according to expectations though Wipro beat the trend. JP Morgan in its note following the Infosys results said, "Like at TCS, BFSI had a soft quarter growing barely 2% CC Q/Q in a seasonally strong quarter. The softness of BFSI at both TCS and Infosys has implications for FY18 growth for these firms as well as for the sector.