Muted Q4 awaits IT large caps as clock ticks slow on AI gains

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The fourth quarter results for Indian large-cap IT services are likely to be muted, with growth expectations in the range of -1.6% to 2% on a sequential basis, CLSA and JPMorgan said.

Analysts at JPMorgan noted that Indian IT firms are still in the early stages of AI adoption, and are yet to cash in on any reflation benefits from AI-led services.

While the brokerage clocks in a revenue growth of 0.6% in constant currency terms in Q4 for Tata Consultancy Services and 1% for Tech Mahindra, it estimates a sequential decline for others. Infosys’s revenue…



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Muted Q4 awaits IT large caps as clock ticks slow on AI gains



The fourth quarter results for Indian large-cap IT services are likely to be muted, with growth expectations in the range of -1.6% to 2% on a sequential basis, CLSA and JPMorgan said.

Analysts at JPMorgan noted that Indian IT firms are still in the early stages of AI adoption, and are yet to cash in on any reflation benefits from AI-led services.

While the brokerage clocks in a revenue growth of 0.6% in constant currency terms in Q4 for Tata Consultancy Services and 1% for Tech Mahindra, it estimates a sequential decline for others. Infosys’s revenue…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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