TCS, HCL earnings recovery may get further push from AI demand

Earnings guidance from Indian IT outsourcing firms including Tata Consultancy Services Ltd. and HCL Technologies Ltd. will reveal how the much-awaited recovery is shaping up.

With US and European companies remain weary of spending on new projects, TCS and HCL have clung to outsourcing projects aimed at offering cost savings. TCS results next week should show revenue growth picked up sequentially in the April-June quarter, consensus estimates show.