Page 3 - Avik Das

Mphasis says clients more 'amenable' to outcome pricing amid AI-led deals

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

We realised after 1991 that we have to innovate, not wait in Delhi: Murthy

As long as we have corporate leaders who understand the power of AI and ensure that their employees are well trained, I do not see any problem, says Infosys cofounder N R Narayana Murthy

IT firms Q1 growth not enough to offset AI's impact on traditional biz

Top IT firms reported muted growth as macroeconomic uncertainty, weak discretionary spending and AI-led disruption continued to weigh on traditional revenue streams

Ashiss Dash to be Infosys CEO; to take over from Salil Parekh in April 2027

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

Infosys Q1 results: Net profit rises 12.2% to ₹7,769 cr, revenue up 14%

Infy trims FY27 revenue guidance

'Unprecedented': OpenAI agent goes rogue, redraws cybersecurity risks

The incident has reignited concerns over autonomous AI agents, enterprise security and whether existing cyber defences can withstand machine-speed attacks

Advanced skills dictate IT firms' campus hiring as AI reshapes demand

IT services firms are cutting back on mass recruitment from engineering colleges and are instead, stepping up hiring of fresh graduates with spe­cialised skills in AI as well as cybersecurity

Cognizant bags multi-million-dollar deal from US health insurer Centene

Cognizant secures a $500 million deal from US health insurer Centene to deploy its TriZetto platform, strengthening its healthcare IT business amid weak demand

HCLTech CEO & MD C Vijayakumar's salary jumps 67% to $18.1 million

The latest package kept him as the highest-earning CEO among Indian IT services companies

Data centres to drive exponential increase in server demand: Lenovo

Lenovo India expects rising data centre investments and AI infrastructure demand to double or triple the country's enterprise server market over the next few years

Controlling AI agents is an emerging business: IBM Software India GM

IBM says enterprise AI success hinges on governing autonomous agents with strong security, identity management, cost controls and auditability across hybrid environments

GCCs struggle to go beyond cost arbitrage in AI era, shows data

India's GCC sector faces a structural reset as AI and automation expose centres focused on routine work, forcing companies to shift towards innovation and strategic ownership

Wipro Q1 net profit nearly flat at ₹3,325 crore; revenue rises 10.6%

The IT services major reported marginal profit growth in Q1 FY27, while issuing cautious revenue guidance amid an uncertain demand environment and weak deal ramp-up

IT firms better placed to help clients leverage AI benefits: Wipro chairman

Wipro Chairman Rishad Premji said IT services firms can use their deep understanding of clients' processes and systems to unlock efficiency, innovation and AI-led growth

LTTS Q1 profit rises 17.4% as mobility, sustainability biz drive growth

L&T Technology Services reported a 17.4 per cent rise in Q1 profit and 11.5 per cent revenue growth, supported by mobility and sustainability businesses despite subdued constant-currency growth

90% of engineering graduates AI-native or AI-proficient: Nasscom study

Nasscom's AI-native index finds nine in 10 engineering graduates are AI-native or AI-proficient, but identifies gaps in orchestration and technical grounding

HCLTech Q1 profit up 20% at ₹4.6K cr, revenue rises 13.9% to ₹34,579 cr

Firm to invest ₹3,500 cr to enter AI data centre biz

IT companies risk losing ground to AI-native firms: S&P Global Ratings

S&P Global Ratings says Indian IT services companies must invest in AI, protect recurring business and deepen GCC partnerships to counter rising competition from AI-native firms

LTM Q1FY27 net profit up 17% at ₹1,468 cr, revenue jumps 18% to ₹11,608 cr

LTM said its Q1 performance reflected progress in executing its AI-centric strategy, with AI revenue at about $150 million on a quarterly run-rate basis

Cognizant to scale up frontier engineers, biz operators for AI adoption

The IT services firm plans to scale its frontier-certified engineers to 5,000 and frontier business operators to 10,000 as enterprise AI adoption gathers pace