IT giants set October dates for FY27 Q2 results amid muted outlook

Indian IT firms will publish their September‑quarter FY27 earnings in October, with investors expecting a muted performance. Tata Consultancy Services (TCS) will announce its results on Thursday, October 8, 2026, after a board meeting that will also consider a second interim dividend. HCL Technologies plans to release its figures on Monday, October 12, 2026, following a board meeting covering the quarter and the half‑year ended September 30. Infosys is slated for Friday, October 23, 2026, with an earnings call where senior management will field analysts’ questions. The season kicks off with TCS, Infosys, Wipro and HCL Technologies, all of which have seen their shares slip to multi‑year lows on the exchanges. The sector is battling macroeconomic uncertainty, AI‑driven disruptions and geopolitical tensions that are dampening discretionary spending and decision‑making cycles. Heavy reliance on North‑American revenue makes Indian IT firms especially sensitive to US economic swings and corporate tech‑spending trends. Anticipated monetary tightening and a possible US Federal Reserve rate hike in 2026 have further soured investor sentiment, prompting overseas funds to cut exposure and leaving the Nifty IT index as the worst‑performing sectoral gauge. Kotak Institutional Equities notes that demand conditions have not improved since the June 2026 quarter, forecasting another subdued quarter for most large IT companies, with HCL Tech as a possible outlier. ## Context The earnings season will reveal how the sector’s exposure to US market cycles and emerging AI challenges translates into revenue growth or contraction for the coming fiscal year.