New Delhi, July 6 -- The June-quarter earnings season will begin this week, with tech companies led by TCS set to roll out their numbers. Street expectations remain muted as macroeconomic uncertainty, AI-led disruptions, and geopolitical overhangs continue to weigh on discretionary spending and decision-making cycles.

Q1 FY27 is typically a seasonally strong quarter, but management commentary during the final quarter of last fiscal year pointed to a soft start to FY27, driven by disruptions arising from the Middle East conflict and ongoing AI-led pricing deflation.

That said, the first quarter is likely to be weaker than initially anticipated. Furthermore, Accenture's Q4FY26 commentary (which corresponds to Q2FY27 for Indian IT services...