Accenture's weak bookings raise AI fears, but Indian IT may weather the storm: Sandip Agarwal

Accenture reported bookings down 14.7 percent year-on-year with a guidance cut, sparking AI-disruption fears across the IT services sector. However, market expert Sandip Agarwal believes Indian IT companies are better positioned due to lower exposure to West Asia, stronger US and Europe revenue mix, and a historical 2-3 percent growth premium over Accenture. He sees current valuations as attractive, expects EPS growth of 50-70 percent over the next two to three years, and suggests now is a good time to buy despite potential near-term weakness.