TCS annualised AI revenue at $1.5 billion, says CEO K Krithivasan

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

Tata Consultancy Services (TCS) said its annualised revenue from artificial intelligence (AI) was about $1.5 billion and growing 16.3 per cent sequentially, the first time that India’s largest IT services company disclosed a metric as investors are keen to know the returns on investment (RoI) when firms are pouring in billions into the ecosystem.

 

As of March this year, the total revenue of TCS was $30.2 billion.

 

Indian IT companies have said AI is a part of every deal discussion and it is baked into renewals to improve efficiency and productivity for clients. However, they have not been