JPMorgan: IT Giants Face Q4FY26 with Slow Growth; FY27 Outlook Crucial Amid AI Worries
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IT Majors Face Muted Q4 Growth; FY27 Guidance Key to Calm AI Concerns: JPMorgan
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Moneycontrol•24-03-2026, 10:35
IT Majors Face Muted Q4 Growth; FY27 Guidance Key to Calm AI Concerns: JPMorgan
•India's top IT firms anticipate a mixed March quarter, with investors focusing on FY27 guidance for recovery signs amid AI disruption and weak demand.
•JPMorgan highlights that revenue guidance will be central for the first time in nearly eight years due to weak visibility since 2015-18.
•The Street enters earnings season with widespread pessimism; FY27 commentary will signal if the sector is nearing an inflection point or prolonged slowdown.
•Modest growth guidance expected for FY27: Infosys (2-5%), HCLTech (3-6%), Wipro (sequential decline of 2% to flat).
•Rupee depreciation against the dollar offers partial relief, cushioning earnings downgrades despite weak revenue growth and pricing concerns.
