IT Services Industry

The Indian IT services firm will develop industry-specific applications using SpaceX's Grok AI portfolio and integrate them into clients' existing systems through its engineering unit Momentuum Blue

BCG says AI-led services could create a $100-200 billion net market opportunity by 2030, but technology firms must upskill existing staff to deliver AI solutions at scale

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

Coforge aims to reach $5 billion in revenue within four years, banking on AI-driven demand while viewing LLM firms as partners rather than competitors

Invested 1.5% of revenue over the last two years to build it

The acquisition will help LTM expand its AI, engineering and cybersecurity capabilities in Europe and Australia while strengthening its presence in aerospace, defence and financial services

Srini Pallia, the insider leading the company, is focusing on large deals to boost revenue

Coforge has won a $158-million, five-year contract from a UK-based client, effective April, as AI-led conversations drive a rise in both the number and size of large technology deals in Europe

LTM has won a $100 million, seven-year deal from a European medtech firm to support and develop its flagship products, strengthening its large-deal momentum amid a tough macro environment

Brand Finance said the combined value of the top 25 IT services brands rose 2% in 2026, with Accenture retaining the top spot and Indian firms accounting for 36% of total brand value

The upbeat forecast for Infosys may have briefly lifted sentiment, but strained India-US ties and tougher immigration rules in its biggest market could pose fresh challenges ahead

AI-native startups are reshaping India's IT services landscape as automation drives efficiency and innovation, with the sector projected to touch $400 billion by 2030

Cognizant's Surya Gummadi predicts IT services growth will return once enterprises deploy AI across technology stacks, though macro dynamics may delay this for some time

The Nifty IT index has fallen by 18.3 per cent so far this year, the worst among key sectors. During the same period, Nifty has risen by 4.7 per cent

TCS shares extended their decline for the fourth consecutive session, slipping 4 per cent after it announced plans to lay off roughly 2 per cent of its global workforce

TCS and Infosys did most of the net hiring in the last financial year, followed by Tech Mahindra while Wipro added very few people

Traditionally, IT services firms followed a pyramid structure, with a broad base of fresh graduates supporting scalability and a large bench strength ready for deployment

IT sector growth is expected to remain subdued in the near term due to global economic headwinds and policy uncertainties in the US and Europe

Infosys announced a deal with German tech giant Siemens AG to boost its digital learning initiatives with GenAI

According to the latest BCG report 'The GenAI Adoption Conundrum', over 80 per cent of developers acknowledge its advantages, citing increased productivity and efficiency