NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Read-through for Indian IT:
Accenture Plc.'s Q2 FY26 results suggests that client spending trends remain broadly similar to 2025, according to Motilal Oswal. However, the brokerage believes that the escalating war situation adds an additional layer of uncertainty that is not yet fully reflected in the company's current outlook.
While Accenture highlighted that foundational work around artificial intelligence (AI) is gaining traction, Motilal Oswal notes that this momentum is still insufficient to drive the demand acceleration that was anticipated under earlier scenarios. The brokerage points out that, despite growing interest in AI, large‑scale deployment across complex enterprise environments remains challenging.
On AI‑led deflation, Motilal Oswal reiterates its earlier view that software engineering is emerging as the key battleground for AI adoption, citing that a significant share of API usage on leading AI platforms is linked to software development. However, translating these capabilities into measurable, enterprise‑wide productivity gains continues to face execution hurdles.
From an IT services standpoint, Motilal Oswal believes the sector is navigating one challenge after another, with firms likely to contend with a difficult macroeconomic and geopolitical backdrop in the near term.
Click on the attachment to read the full report:
ALSO READ: Accenture Stock Jumps Over 4% On Q2 Results, Positive Guidance
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
