Indian IT firms TCS and HCL earnings recovery may gain from AI demand in outsourcing projects.
Indian IT firms TCS and HCL's earnings recovery may benefit from AI demand, as outsourcing projects continue to offer cost savings. TCS's upcoming results suggest revenue growth increased sequentially in Q2, and Accenture Plc sees AI boosting business IT investments. Meanwhile, Fast Retailing and Muji brands experience double-digit operating profit growth in Japan due to warmer temperatures.
July 05, 2024
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