Indian tech firms to forecast a diverging recovery in FY27 even as Accenture signals resilience: analysts

The Indian IT services sector has entered a new fiscal year with its deepest valuation discount in a decade, as the combined shock of geopolitical conflict and artificial intelligence anxiety rattled fourth-quarter earnings.

Yet, according to a deep-dive analysis by Sumeet Jain of CLSA and commentary from industry veteran Avinash Vashistha, Chairman and CEO of Tholons and former Chairman of Accenture, the pessimism may have overshot market reality. The Q4 reflects an industry caught between AI ambition and execution reality, opines Phil Fersht, CEO, US-based HFS Research. He also says geopolitics is amplifying caution, but not killing demand. India’s tech bellwether TCS will open the 4th earning quarter with a full-year performance numbers on Thursday (April 9).