AI, Iran War Risks Weigh on Indian IT Firms’ Earnings Outlook

Indian IT giants HCL Technologies, Wipro, and Tech Mahindra are facing pressure as their earnings outlook is weighed down by growing investor concerns over the impact of artificial intelligence on traditional IT services. Amid geopolitical tensions in the Middle East, the companies are also dealing with heightened risks that could affect their operations and profitability. This shift underscores the industry's need to adapt to AI's rise while navigating external geopolitical risks, highlighting a challenging environment for these firms.