和 Rachel Yeo HCL Technologies Ltd. 和 Tech Mahindra Ltd. 将在 Tata Consultancy Services Ltd. 之后公布财报，这将帮助投资者评估印度IT行业如何应对人工智能带来的冲击以及客户支出疲软的问题。
Technologies Ltd. and Tech Mahindra Ltd. are next to report after Tata Consultancy Services Ltd., letting investors gauge how India’s IT sector is navigating concerns over AI disruption and sluggish client spending.
Antique Stock Broking 的分析师表示，由于客户对非必需的技术项目仍持谨慎态度，预计增长将较为温和。不过，Accenture Plc 近期的业绩结果带来了一些积极信号，表明支出正在转向大型的人工智能驱动转型项目，而不仅仅是完全停滞。
Growth is expected to be muted as customers remain cautious on discretionary technology projects, though recent results from Accenture Plc offered some encouragement that spending is shifting toward large AI-led transformation projects instead of simply drying up, according to Antique Stock Broking analysts.
周四，TCS 的利润增长超出预期，但其按不变汇率计算的环比收入增长仅为 0.5%。
On Thursday, TCS beat profit growth expectations, although sequential revenue growth was only 0.5% in constant-currency terms.
Nuvama 表示：“过去九个月，IT 行业的表现明显落后于市场，这主要是因为生成式人工智能平台公司营造出的负面叙事，再加上海湾战争带来的不确定性。但我们仍然相信，IT 服务模式具有长期生命力，生成式人工智能带来的变革只会为他们创造更大的机遇。”此外，特朗普政府最新的签证限制给该行业带来了新的挑战。美国表示将暂停科技公司使用的移民计划，并点名提到了 HCL 和 TCS。
“The IT sector has sharply underperformed the markets in the last nine months primarily due to a negative narrative built by GenAI platform companies compounded by the Gulf war-related uncertainty,” Nuvama said. “We continue to believe the IT services model is here to stay and the GenAI disruption would only lead to bigger opportunities for them.”The Trump administration’s latest visa restrictions mounts a new challenge for the sector, after the US said it would suspend an immigration program used by tech firms, mentioning HCL and TCS by name.
今年，NSE Nifty IT 指数已下跌 27%，导致该行业的估值倍数降至疫情以来的最低水平。
The NSE Nifty IT Index has dropped 27% this year, leaving the sector trading at its lowest valuation multiple since the pandemic.
在台湾，人工智能领域的风向标台积电即将公布更多细节。此前该公司披露季度销售额增长 51%，为这项技术的快速部署提供了支持。然而，投资者反应似乎较为冷淡，他们质疑在债务水平不断上升的情况下，人工智能支出能持续多久。
In Taiwan, AI bellwether Taiwan Semiconductor Manufacturing Co. is due to give more insight after disclosing quarterly sales jumped 51%, lending support to the breakneck pace of the technology’s buildout. Still, investors reaction appears muted as they question how long AI spending can last amid rising debt levels.
根据一份财报发布前的更新，Avenue Supermarts（DMART IN）的收入可能增长了 18%。据知情人士透露，这家印度超市运营商计划通过国内债券发行筹集高达 100 亿卢比（1.03 亿美元），资金可能用于开设新店。
Avenue Supermarts (DMART IN) revenue likely grew 18%, according to a pre-earnings update. The Indian supermarket operator plans to raise up to 10 billion rupees ($103 million) through a domestic bond offering which may be used for opening new stores, said people familiar with the matter.
根据Kotak Institutional Equities的预测，HCL Technologies（HCLT IN）可能会将其收入增长预期上调至1%至4%区间的上限。市场普遍预计，其营业利润率将与去年同期持平。earnings表。
HCL Technologies (HCLT IN) may raise its revenue growth forecast to the upper end of its 1% to 4% range, according to Kotak Institutional Equities. Consensus estimates predicts flat operating margin from a year ago. table earnings.
高盛表示，随着人工智能需求在GPU和网络芯片领域的扩大，台积电（2330 TT）的增长预计将延续至明年。他们还指出，相关支出可能进一步增加，以支持客户的长期需求。Bloomberg Intelligence则表示，需关注该公司关于美国工厂计划的更多细节，以及其在封装业务中应对英特尔竞争的策略。
TSMC (2330 TT) should see growth extend into next year as AI demand expands across GPUs and networking chips, said Goldman Sachs. Spending could also rise further to support longer-term customer demand, they added. Watch for further details on its US fab plans and response to compete with Intel in the packaging business, said Bloomberg Intelligence.