AI drag tempers IT majors’ Q4 show

The January-March quarter results from Tata Consultancy Services, Infosys, HCLTech and Wipro reflected a sector navigating two cross-currents: macro uncertainty linked to geopolitical tensions and a structural shift driven by artificial intelligence that is beginning to compress revenues. While sequential growth held up across firms, subdued guidance for FY27 pointed to weak near-term visibility and disappointed investor expectations.