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Topic
IT demand▲ +50% net tone today
Infosys +4.1%, Wipro +0.5%, HCL Technologies +1.1% on Thu, 1 Oct- Persistent macroeconomic uncertainty and geopolitical volatility weigh on Indian IT demand
- Large-cap Indian IT firms may post their weakest Q2FY27 growth in three years
- Infosys and Wipro ADRs gained over 6% after Accenture's results
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03 Oct
Accenture forecasts 3-6% FY27 revenue growth after Q4 revenue beats guidance
- Q4 revenue was $18.7 billion, up 6% year-on-year and above the high end of guidance
- FY27 revenue growth forecast at 3% to 6%, above analysts’ estimates of 3.9%
- Accenture’s outlook eases AI concerns, lifting sentiment for Indian IT services companies
AI winners and losers are emerging in Indian IT, says BNP’s Kumar Rakesh
- AI-driven revenue deflation and weak tech spending are reshaping India’s IT sector
- Some mid-cap firms are better placed than larger peers to navigate the shift
- Weak tech spending pressures Indian IT services; better-positioned mid-caps may prove more resilient