IT Services
Reporting, analysis and features from AIM's IT Services section.
Wipro’s Deal Slump Puts Its AI Growth Story to the Test
Wipro’s large-deal bookings fell 58.6% sequentially, yet its CEO says AI is helping it win deals.
Mukundan Sivaraj ·
The Unintended Winner of US Green Card Pause: India’s Offshore AI Hubs
The US government halted PERM applications from four Indian IT firms. While that may shrink margins, it could also offer an AI offshoring opportunity.
Mukundan Sivaraj ·
HCLTech Shows Indian IT Can Win AI Deals—But at the Cost of Core Business
HCLTech’s guidance raise is acquisition-led, with AI, along with a single acquisition, driving about 70% of services growth.
Mukundan Sivaraj ·
Indian IT's Q2 Will Test the Economics of AI
Indian IT stocks enter the Q2 earnings season with strong deal bookings but muted revenue growth as AI creates new work while pressuring the economics of existing contracts.
Mukundan Sivaraj ·
Can Mid-Market Deals Save HCLTech From the Great AI Tech Squeeze?
With AI squeezing traditional IT services growth, HCLTech is betting on a separate model to capture mid-market AI spending. But the segment is not easy to crack.
Ajay Rag ·
Accenture Sells AI to the World. Its Own Filing Says AI Could Shrink Its Business
The company that sells "reinvention with AI" to the world is guiding to its own slower growth, and its filing says AI could shrink demand for its services.
Mukundan Sivaraj ·
After 18% Rally and 13% Drop, Indian IT Stocks Face AI’s Real Q2 Math
Nifty IT rose 18% and then fell 13% in the July-September quarter. Q2 FY27 earnings will offer an early test of whether AI revenue can offset pricing pressure.
Mukundan Sivaraj ·
With Nagarro Acquisition, Persistent Has Scale. Now Comes the Hard Part
Persistent's Nagarro deal adds people, clients and European reach. The harder test is whether that scale can translate into higher-value AI and engineering work.
Mukundan Sivaraj ·
Indian Engineers are Jack of All Trades, But FDE Roles Demand Master of AI
Beyond deploying AI, a Forward Deployed Engineer needs to understand the industry's business processes and how work actually happens inside a specific company.
Ajay Rag ·
ITC Infotech-Happiest Minds Merger Is a Warning Shot for India's Mid-Tier IT
The ₹7,000-crore merger creates scale. But its bigger significance lies in what it says about the pressure building on India’s mid-sized IT services firms.
Ajay Rag ·
HCLTech Wants AI Agents to Run Corporate Finance
What happens when AI stops processing invoices and starts deciding what happens next? HCLTech is betting on agentic finance—but with humans still in the loop
Ajay Rag ·
Why India’s IT Giants Need Mexico When AI Shrinks the Team
Indian IT services firms are using Mexico for customer-facing work as AI reshapes global engineering and delivery.
Sanjana Gupta ·
Indian IT’s Revenue Per Employee is Rising. But is AI Getting Too Much Credit?
The growth in revenue per employee is raising questions over whether the sector is witnessing a genuine structural shift or simply getting leaner.
Ajay Rag ·
HCLTech Didn’t Want Data Centres. Then AI Changed the Math
HCLTech is breaking from its asset-light playbook to own AI data centre infrastructure, betting that a full-stack model can deliver higher returns.
Ajay Rag ·
Chandra’s Exit Brings a Rare Moment of Uncertainty for Tata Group
N Chandrasekaran’s exit has unsettled investors at a critical juncture for the Tata Group, raising fresh questions over succession, capital allocation and the conglomerate’s future direction.
Ajay Rag ·
Mid-Tier Firms Again Beat Indian IT Majors in Q1—But With a Catch
While acquisitions boosted Coforge, Mphasis and Persistent delivered stronger organic momentum, with AI emerging as a key growth driver across the segment.
Ajay Rag ·
Hang Ten Systems CTO Believes AI Cannot Replace Some Indian IT Assets
AI is forcing India's IT services industry to rethink the people-based billing model that has powered its growth for three decades.
Ajay Rag ·
Indian IT Stocks are Booming Again—And it Has Nothing to Do With Indian IT
Indian IT stocks are surging, but analysts warn the rally is running well ahead of the fundamentals.
Ajay Rag ·
TCS, HCLTech Think Data Centres are the Next IT Frontier. Infosys Disagrees
Two of India's top three IT services companies are betting on becoming data centre operators. Infosys has looked at the same opportunity and walked away for now.
Ajay Rag ·
Indian IT Can Finally Measure AI Revenue, But the Numbers Don't Stick
India's largest IT services firms have begun attaching hard revenue numbers to AI, revealing a business that's growing rapidly but still too small to offset slowing traditional IT spending.
Ajay Rag ·