Indian IT firms face weak September quarter earnings
Indian IT companies are bracing for weak September quarter earnings due to AI-driven pricing pressure and subdued client spending. Major brokerages expect sluggish revenue growth and potential cuts to annual forecasts.
Insights:
India's top IT firms face weak July-September earnings and potential forecast cuts as AI pricing pressure hits billable hours. The $315-billion sector has lagged broader benchmarks, with the Nifty IT index dropping 27% so far in 2026. Investors are bracing for tempered guidance as clients curb discretionary tech spending.
