Indian IT giants HCL, Infosys, TCS and Wipro reported strong financial results in their latest quarterly earnings, fueled largely by rising demand for artificial intelligence (AI) technology. Though hiring remained slow, revenue and margins grew substantially across India’s ‘big four’- HCL’s revenue rose 5.3% to $3.41 billion; Infosys increased margins by 0.1% to $4.66 billion; TCS grew revenues by 2.9% to $7.28 billion. Despite a 6.9% decline to $2.66 billion for Wipro, its CEO Thierry Delaporte struck an upbeat tone, stating “It’s been a strong performance this quarter and it gives us good optimism for the quarters to come.” “Viral” AI for business strategy On the upward curve, AI is a dominant feature contributing to the outlook on the future. “Almost every discussion with clients involves some element of Generative AI,” said Infosys CEO Salil Parekh, while his HCL counterpart C Vijakumar revealed his firm had 30 wins on their books in Gen-AI projects. That sentiment was further endorsed by Wipro’s Delaporte who commented,  “AI is now moving from the curiosity and experimentation stage to becoming vital, I was going to say viral as well, to business strategy.

Topics:  hcl s   ceo thierry delaporte    it s    viral ai    almost   infosys ceo salil parekh   c vijakumar   gen-ai   wipro s delaporte    ai.cloud   service lines   featured   pexels   readwrite   i   indian it   hcl   infosys   tcs   wipro   ai   india s   hcl     ai   generative ai    infosys    cloud   strong   revenue   strategy   grew   quarter   
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