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Q2 results preview: Global headwinds likely to show in IT firms' earnings
While the first few months of the financial year saw no notable deterioration, as called out by the companies in July
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UBS too said in a recent research report that while Gen AI’s influence was beginning to emerge, significant disruption and meaningful revenue were still a few years away. | File Image
Indian information-technology (IT) service providers are likely to report another quarter (July-September) of low, single-digit growth owing to macro uncertainties, chiefly emanating from America, with no respite in sight even in the second half of the year.
While the first few months of the financial year saw no notable deterioration, as called out by the companies in July, things have changed for the worse in the United States — the largest revenue generator for companies such as Tata Consultancy Services and Infosys — ranging from the new H-1B rules to the threat of tariffs on outsourcing in general.
That adds
