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)
ANANTA AGARWAL
October 26, 2026 16:02 JST
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.