country
CA
India's IT giants grapple with weak growth despite resilient deal momentum
['Ranjit Shinde']
Economic Times
SynopsisInfosys reported results below expectations, impacting its stock performance negatively.
Other major IT companies also showed weak revenue growth in dollar terms.
AI-driven sales are gaining traction, though still on a small base.
Profitability varied across companies, with some margins contracting and others improving.
Stock valuations reflect uncertainty over future growth prospects and market conditions.