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IT firms navigate peak pessimism by prioritising growth in stable Q2

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IT firms navigate peak pessimism by prioritising growth in stable Q2

Business News Tech IT IT firms navigate peak pessimism by prioritising growth in stable Q2

Analysts said that artificial intelligence (AI) is becoming a significant revenue driver for the majority of Indian IT companies. However, they cautioned that near-term prospects remain muted due to pricing pressure and AI-driven deflation in traditional services.

Bengaluru: India’s software services sector, valued at more than $300 billion, has boosted long-term market sentiment as IT companies prioritised expansion and investment over profit margins during a stable second quarter of this financial year.Analysts said that artificial intelligence (AI) is becoming a significant revenue driver for the majority of Indian IT companies. However, they cautioned that near-term prospects remain muted due to

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