Results● Neutral for TCS
IT Q2 preview: Muted growth, steady margins likely; deal conversion, AI deflation under lens
The brief
- TCS’s Q2 earnings season begins on October 8
- Muted growth and steady margins are expected; deal conversion and AI deflation are in focus
- TCS results may set expectations for Indian IT services companies’ growth and margins
- India fastest-growing Asia market for NetApp; BFSI, IT services key drivers
- Greed and Fear Report: Chris Wood-led Jefferies sees IT earnings soaring 65% on AI boom but flags this as a key risk
- What is happening to the Indian IT bench? | Explained
- Information Technology Sector & Industry Performance
- India's IT companies likely to see sombre H1 FY27 as weakness persists
Indian IT firms’ muted Q2 FY27 outlook
Brokerages expect limited Q2 FY27 growth for Indian IT firms amid cautious spending, pricing pressure and geopolitical headwinds, with large caps potentially posting their weakest growth in three years. Infosys is expected to cut FY27 guidance, while mid-cap firms may outperform; margins remain a key focus.
Sunday, 4 October
- IT Q2 preview: Muted growth, steady margins likely; deal conversion, AI deflation under lens