IT Services

AI, GenAI to drive growth in the medium term; GCCs, global uncertainties pose key risks

To hit its $50-billion export target by 2030, Uttar Pradesh is ramping up services exports, focusing on IT and global capability centres under a new policy push

The deal will also help HCLTech to beef up its engineering and AI-led network propositions to global communication service providers

TCS has disclosed for the first time that its annualised AI revenue is about $1.5 billion, as investors seek clarity on returns from large AI investments across IT services firms

Valuations across the sector remain attractive, but Nomura stays selective. It has rolled forward its valuation framework to H1FY28 while maintaining target multiples.

India's IT spending is projected to grow faster than the global average in 2026, driven by rapid expansion of data centres, rising cloud adoption and accelerating investment in GenAI-enabled software

HCLTech partners with Nvidia to launch a Santa Clara lab that helps global enterprises build, test and scale physical AI and robotics solutions for next-gen industrial automation

Despite higher compliance costs, India's top IT firms expect minimal disruption from DPDP Rules 2025, leveraging years of experience with global data-privacy frameworks

The services sector's contribution to India's economy more than doubled over the last decade, with IT services GVA growing nearly fourfold despite current industry headwinds

Hexaware Technologies will acquire US-based CyberSolve for $66 million to expand in identity access management and cybersecurity services amid a surge in AI-driven global cyber threats

Strong Q3 revenue growth and client investments in digital modernisation drive optimism

The draft IT Vision 2031 aims to generate 5 lakh jobs, attract Rs 20,000 crore in startup investments, and make Kerala a global hub for ethical and sustainable technology

Analysts remain mixed on IT stocks' outlook, with some cautioning that the optimism around the technology pack could be short-lived

AI-driven automation is helping LTTS decouple revenue growth from workforce expansion, with productivity gains expected to reduce headcount in Q3

Indian IT services post lacklustre Q2 growth; HCL leads with 4.6% CC growth, while AI and contract wins shape cautious outlook for FY26

Infosys lifts base sales outlook as IT spending rises

Wipro's Q2FY26 profit rose 1.15% to Rs 3,246 crore and revenue grew 1.7% to Rs 22,697 crore, supported by strong deal wins worth $2.9 billion and steady performance in BFSI

LTIMindtree's Q2FY26 profit rose 10.4% to Rs 1,381 crore and revenue grew 10.2% to Rs 10,394 crore, driven by BFSI and manufacturing segments and strong large deal wins

Infosys added 8,203 employees in Q2FY26, taking its headcount to 331,991; CFO Jayesh Sanghrajka says the firm is on track to meet its 15,000-20,000 fresher hiring target

Revenue for the company grew 2.4 per cent in reported terms to Rs 65,799 crore for Q2 FY26. Sequentially, the firm's revenue was up 3.7 per cent