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AI efficiencies shield Q2 IT margins from transatlantic macro headwinds

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AI efficiencies shield Q2 IT margins from transatlantic macro headwinds

Business News Tech AI AI efficiencies shield Q2 IT margins from transatlantic macro headwinds

HCLTech’s margin rose 131 basis points quarter-on-quarter to 18.2%, Tech Mahindra’s increased 40 basis points to 14.8%, Wipro’s climbed 50 basis points to 16.5%, LTM’s edged up 10 basis points to 15.6%, and LTTS’ expanded 60 basis points to 16.3%.

Seven of India’s top nine outsourcing companies either sequentially increased or maintained operating margins in the second quarter, as efficiencies tied to AI helped partially offset revenue deflation attributed to the technology amid persistent macroeconomic uncertainty on either side of the Atlantic seaboard.HCLTech’s margin rose 131 basis points quarter-on-quarter to 18.2%, Tech Mahindra’s increased 40 basis points to 14.8%, Wipro’s climbed

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