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IDBI Capital noted that the demand conditions remain steady but cautious, with clients taking longer to make decisions.
IDBI Capital reports clients are delaying decisions due to GenAI disruption concerns from firms like Anthropic.
KEY POINTS
- Deal wins are focused on cost-saving and vendor consolidation, not new digital projects, limiting revenue growth.
- AI services market is projected to grow significantly by 2030, boosting productivity and revenue per employee.
- Margins are expected to improve year-on-year due to rupee depreciation and reduced subcontracting costs.
- FY2027 guidance remains modest because of geopolitical uncertainties and AI-driven pricing pressures.
COMPANIES
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