AI deflation, weak demand to keep large IT growth muted in Q2FY27; mid-tier to outperform: Kotak
India's large IT companies are anticipated to report subdued growth in Q2FY27 due to AI-led deflation and weak demand. Mid-tier firms are likely to outperform due to market-share gains and strong execution. Companies are focusing on using AI for cost-cutting and productivity instead of revenue generation. Profit margins for large IT firms are expected to remain stable or decline slightly year on year.
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