Jefferies expects revenues across its IT coverage universe to grow 1.7% QoQ in constant currency (cc) during 2QFY27, translating to 4.0% YoY growth, largely driven by acquisitions. On an organic basis, growth is expected to be much slower at 0.8% QoQ and 1.9% YoY. Mid-sized IT companies are expected to grow 3.5% QoQ, while large IT firms may see growth of just 0.5% QoQ, making 2QFY27 the weakest second quarter for large IT companies in the past three years. Here are 9 stocks analysts are bearish on. Q2 watch