Indian IT Firms Forecast Muted Revenue Growth

Nine brokerages on January 9, 2026 said India's top six IT firms are expected to report about 4% year-on-year revenue growth and a 5% profit rise for the December quarter, reflecting tepid U.S. demand and client holiday shutdowns. Analysts noted $8.5 billion of foreign outflows in 2025 and a 12.6% Nifty IT decline, while AI deal ramps may support recovery into mid-2026.
Key Points
- 1Forecasts: Top six Indian IT firms to post ~4% revenue and 5% profit growth
- 2Cites: Tepid U.S. demand, client holiday shutdowns, tariff and visa uncertainties hurting spending
- 3Implication: AI deal ramp-ups and rupee depreciation may support revenue recovery by mid-2026
Scoring Rationale
Credible, industry-wide brokerage forecasts provide timely investor guidance, but limited novelty and only moderate relevance to core AI research.
Sources
Public references used for this report.
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