As many as 40 percent of the business enterprises surveyed by ISG plan to reduce staffing requirements through automation
In the absence of AI-specific companies on Indian stock markets, investment opportunities are largely seen in IT services providers
Moneycontrol's Chandra Srikanth discusses the influence of AI on India's IT sector: Will it cause disruption or usher in evolution? In an interview, Rafee Tarafdar, Chief Technology Officer at Infosys, shares insights on the industry's perspective on artificial intelligence.
The share of TCS employees in India aged below 30 years dropped from 59 percent in FY22 to 53 percent in FY23 and further to 50.3 percent in FY24
Business enterprises are increasingly looking to save costs deploying artificial intelligence and automation tools
The near-term focus is on growth while margin is likely to improve on better demand, going forward
Annual profit margins remain below pre-pandemic years despite the recent improvement
The company’s key growth engines are not yet firing on all cylinders
With decent progress on order inflows, the company’s revenue trajectory is set to look up
Higher FII inflow, along with a better demand outlook for IT services, may set the stage for brighter days for the sector in the second half of FY25
Growth is strong amid challenges, order inflows are robust, and margin is rising
The NSE IT index has gained by 28.5 percent in the last one year even as analysts pared earnings estimates for most major companies
LTIMindtree is unlikely to outperform large IT services companies in FY24 the way it did in FY23 or before
IndiaAI mission will be effective if New Delhi can address the issues of job displacement and regulatory uncertainties
While EPAM expects revenue to decline in January-March, Capgemini projected a slower revenue growth in 2024 vis-a-vis 2023
The travel SAAS player delivers a good quarter with traction in revenue and operating margins
Restructuring aims to maximise revenues, improve margins, and create a future-ready organisation
Though order booking is strong, an uptick in margins will take more time than expected
Next financial year likely to see an earnings uptick, helping to narrow the valuation gap with peers
There are several positives, but stock valuation warrants patience
Accenture’s revenue growth decelerated despite steady order inflows
Accenture earnings report flags the pockets of concern, going forward
Employee costs remain elevated despite a moderation in revenue growth
A concerted global effort is required to frame governance rules for the evolving cutting-edge technology space
India’s share in the global ER&D sourcing market is expected to increase more than three-fold by 2030, says LTTS CEO