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The Economic Times

AI, Iran war risks weigh on Indian IT firms’ earnings outlook

India HCL Technologies Reliance Industries Taiwan Semiconductor Manufacturing Co Tech Mahindra United States Wipro Semiconductor BI Middle East

HCL Technologies Ltd., Wipro Ltd. and Tech Mahindra Ltd. are set to report earnings as their investor base increasingly questions the value of traditional IT services in the age of artificial intelligence.

The sector is weighed down by macroeconomic uncertainty, exacerbated by the Middle East conflict, and the disruptive impact of AI adoption. The twin pressures have weighed on sentiment, driving down shares this year.

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