A surge in AI deals is prompting firms to scale their capabilities and workforce. It is likely that companies may pass on AI deal benefits to clients in the near term, potentially impacting revenue. Despite this, improving demand and green shoots in IT and AI spending present strong opportunities.
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.
IDBI Capital Report
Fewer furloughs and revival in BFSI drove sector growth, barring a few pockets. Amid the uncertain US macro environment, Indian IT firms saw recovery in discretionary and AI-related spend (core and infused), supported by traction in small deals and improved execution cycles, indicating a solid near-term outlook.
However, some companies faced project cancellations, with continued softness in technology, media, and telecom and retail and continue to expect the same during Q4 too.
A surge in AI deals is prompting firms to scale their capabilities and workforce. It is likely that companies may pass on AI deal benefits to clients in the near term, potentially impacting revenue. Despite this, improving demand and green shoots in IT and AI spending present strong opportunities.
In our coverage, we expect Infosys/LTIMindree in large cap and Coforge in mid-cap (within our universe) will perform better in the near term by capitalizing on these prospects.
Click on the attachment to read the full report:
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.
