IT companies face 'long curve' before revenue visibility from GenAI

Peter Bendor-Samuel, CEO, Everest, a research firm, said there was a long curve before GenAI started generating money

Revenue from generative artificial intelligence (GenAI) or the deal pipeline in this segment in April-June of FY25 was missing in the quarterly statements of large information-technology services firms other than Accenture and Tata Consultancy Services (TCS).
 

Rather, this quarter many avoided even giving the number of proof-of-concepts (POCs) they are working on.
 

Salil Parekh, chief executive officer (CEO) and managing director (MD), Infosys, in the media briefing, said: “We are not sharing externally the value in terms of revenue or of the deals … our Generative AI approach is leading in the market.”
 

Peter Bendor-Samuel, CEO, Everest,