IT services firms have to think beyond labour arbitrage and deliver more AI-led services or live with a shrinking pie of legacy tasks and lower margins
Persistent Systems reported a 25.4% fall in Q2 profit to Rs 351 crore, even as revenue rose 30.3% to Rs 4,664 crore; operating margin narrowed to 15% from 16.3%
Economic liberalisation, policy continuity and global investments transformed Hyderabad from a historic trading centre into a powerhouse of IT, pharma, GCCs and emerging technologies
ITC Chairman & MD Sanjiv Puri and ITC Infotech MD and CEO Manas Chakraborty talks about the rationale and synergies behind the acquisition of Happiest Minds
Active demand in IT services has risen to 57,000 roles, with mid-senior and senior positions accounting for nearly 60 per cent as employers prioritise AI, cloud and digital skills
As AI helps to improve efficiency, customers could demand 20%-25% lower fees for some of the work Hexaware accomplishes currently, CEO Srikrishna Ramakarthikeyan said
India's IT industry was built not just on Y2K, but on the 1991 reforms that opened capital, technology, telecom and global markets, creating a powerful engine of exports and foreign exchange
Happiest Minds reaffirmed its 12.5% growth guidance, betting on AI demand, strong deal wins and regional expansion despite global economic and geopolitical uncertainty
IT services firm deepens collaboration with Anthropic to help enterprises deploy Claude-powered AI solutions across regulated industries and business operations
The IT services firm says AI-led transformation is driving greater client interest in outcome-based pricing, though such contracts still account for a small share of revenue
Top IT firms reported muted growth as macroeconomic uncertainty, weak discretionary spending and AI-led disruption continued to weigh on traditional revenue streams
The Infosys veteran will take over as chief executive officer and managing director from April 1, 2027, after Salil Parekh completes his second term at the IT major
Cognizant secures a $500 million deal from US health insurer Centene to deploy its TriZetto platform, strengthening its healthcare IT business amid weak demand
