Accenture's recent earnings reveal a sharp decline in new bookings and a reduced guidance, sparking concerns about AI's impact on the IT services industry. While AI isn't officially blamed, the significant drop in orders suggests a deflationary effect. However, Indian IT firms are expected to remain resilient due to different geographical exposure and operational strengths.
Accenture reported a sharp decline in new bookings and lowered its guidance, fueling fears about AI's deflationary impact on the IT services sector. Despite these concerns, experts believe Indian IT companies will remain resilient. This is attributed to their distinct…
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