Overall revenues under pressure but AI-related quarterly income up as much as 29% Tata Consultancy Service's annualized artificial intelligence revenue grew more than…
Overall revenues under pressure but AI-related quarterly income up as much as 29% Tata Consultancy Service's annualized artificial intelligence revenue grew more than 19% in the July-September quarter, while for Infosys' AI revenue rose 29% quarter-on-quarter. (Nikkei montage/Source photos by Getty images and Reuters) BENGALURU -- For India's top information technology companies, the recent round of earnings are cause for both hope and continued caution amid the proliferation of artificial intelligence, analysts say. Deployment of the technology across legacy software systems is driving growth in high-margin contracts, but at the same time AI-led productivity gains are squeezing revenues in traditional segments.