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AI News from ET - AI impact on IT revenue to be more than estimated: Kotak

Vishwadeep Khatri
in AI News & Two Lenses

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Indian IT service providers could face a 3.0-3.5% fall in revenue in the next two fiscal years, compared with the earlier estimate for a 2.0-3.0% hit, because of enterprises adopting artificial intelligence tools and automation faster than previously expected, according to Kotak Institutional Equities. The brokerage, however, predicts the industry’s long-term relevance to remain intact.

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