New Delhi, March 6 (IANS) Earnings estimates of IT firms for FY27 have been lowered by 1 per cent, while target multiples for large‑cap IT services and BPO firms have eased amid uncertainty around AI adoption, a report said on Friday.Emkay Global Financial Services Ltd in its report trimmed FY27 and FY28 earnings estimates of large‑cap IT services companies by 1 per cent and 2 per cent, respectively.The “implied terminal growth for covered large‑cap IT services companies” for these compani…
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New Delhi, Feb 14 (IANS) Artificial intelligence (AI) is unlikely to replace IT services companies anytime soon, according to a new report by JP Morgan’s Asia Pacific Equity Research team. Instead of shrinking the industry, AI is expected to become another tool that helps companies deliver more work within the same budgets.In a note titled “India IT Services: Looking through the AI fog 2 — Discounted for extinction? Div/FCF yields at crisis levels,” JP Morgan said fears that AI could wipe…