Weak IT demand may prompt guidance cuts from Infy, HCLTech
Motilal Oswal forecasts weak IT demand in 1QFY27, potentially leading to guidance cuts from Infosys and HCL Technologies. The brokerage expects a challenging environment due to macroeconomic pressures and uncertainty around AI.
after close1 source ↓written by the desknot a recommendation
- remain soft
- 1QFY27
- FY27 guidance
- 50 basis points
- growth guidance
- 100 basis points
- as well
- 2QFY27
Ahead of results season, Motilal Oswal indicates that IT demand will remain soft in 1QFY27, impacted by macroeconomic pressures and uncertainty around AI. Infosys may lower its FY27 guidance by 50 basis points, while HCL Technologies could cut its services growth guidance by 100 basis points. This trend may extend into 2QFY27 as well.
Not investment advice. For informational purposes only.