The macro environment, AI and geopolitical overhangs are likely to weigh on discretionary spends, decision cycles, and demand commentary for exports-led IT services firms leading to a soft Q1 FY27 showing, Motilal Oswal Financial Services said adding it expects some companies to walk back top end of guidance bands this quarter.
The latest note by Motilal Oswal highlighted that Accenture's recent commentary underlines slower decision-making and cautious discretionary spends, lending support to expectation that demand recovery is likely to remain in a flux.
