IT majors’ revenue growth to slip: S&P
The Indian IT sector is expected to continue to grapple with weakened revenues due to AI-led deflation for the next three years, according to an S&P Global Ratings report. While most IT services firms still generate revenue from businesses that aren’t prone to AI disruption, like cloud-related digital transformation or IT consulting contracts with long timelines, overall revenue from the sector will see a transformative change after 12-24 months.
