IT Sector Q1 Preview: From Revenue To Margin Outook, How Will TCS, Infosys, Coforge, Mphasis And Other Peers Perform

The brokerage believes the sector is bogged down by headwinds emerging from challenging macros basis the conflict in the Middle East, heightened competitive intensity fuelling AI deflation, shift of tech spends towards frontier AI and AI infrastructure companies, and insourcing in GCCs.