Mastek's Ashank Desai: AI Adoption Lagging, FY27 Poised for Stronger IT Growth
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Mastek: AI Adoption Slow, But FY27 Poised for Stronger IT Growth
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CNBC TV18•19-03-2026, 10:15
Mastek: AI Adoption Slow, But FY27 Poised for Stronger IT Growth
•Mastek's Chairperson, Ashank Desai, notes that AI adoption by clients is currently slow due to ongoing testing of use cases, impacting decision-making and deal ramp-ups.
•Despite the current slowdown, Desai anticipates FY27 will see stronger IT growth compared to FY26, driven by AI-led demand, data-related projects, and system upgrades.
•Investments made by IT firms in talent, tools, and architecture are beginning to yield positive results, setting the stage for future growth.
•The expected surge in demand from AI and data work is projected to help offset the pricing pressures stemming from productivity gains.
•Mastek's stock is down approximately 1% today and has experienced a nearly 28% decline year-to-date.
