IT Services
Reporting, analysis and features from AIM's IT Services section.
Wipro Doubles its Deal Wins to $2.7 Billion in Q1 FY26, Bets Big on Agentic AI
Wipro has developed over 200 AI agents for enterprises, and the CEO stated that the company is witnessing a clear shift towards AI investments.
Mohit Pandey ·
Tech Mahindra Beats TCS, HCLTech Blues with 34% Profit Surge in Q1 FY26
The company built 200+ enterprise AI agents and bagged new deal wins worth $809 million this quarter.
Mohit Pandey ·
HCLTech Flaunts OpenAI Deal But Profits Tank 10% in Q1 FY26
This time, the firm reported nine exclusive generative AI deals, down from 12 in the last quarter.
Mohit Pandey ·
Indian IT Sector Eyes Modest Q2 Growth Amid Soft Demand
A depreciating rupee is expected to support steady margins as companies navigate muted deal activity and pricing pressures.
C P Balasubramanyam ·
Indian IT Sits on $20 Bn Cash as Accenture, Capgemini Keep Buying AI Startups
“If we don’t act now, we risk looking back in regret for having missed a generational opportunity.”
Mohit Pandey ·
ServiceNow’s $1 Billion AI Lesson for Indian IT
While Indian IT firms are busy stuffing AI into every press release and earnings call, ServiceNow is out there showing what real AI monetisation looks like.
Mohit Pandey ·
How Indian IT Partnered with AI Startups in 2024
Infosys, TCS, Tech Mahindra, Wipro, and HCLTech have all partnered with several AI startups over the last year.
Mohit Pandey ·
Accenture’s $1.5 Billion AI Wake-Up Call for Indian IT
Accenture is already cashing in on generative AI. Indian IT is still talking about PoCs.
Mohit Pandey ·
AI’s Boilerplate Boom: Faster Code, Deeper Debt
AI-generated code is rewriting the rules of software engineering, pushing firms to choose reinvention and repair.
Smruti S ·
Why Indian IT is Rushing to Appoint GCC Business Heads
While Cognizant and HCLTech have promoted internal talent, Tech Mahindra and Wipro have opted for external hires.
Mohit Pandey ·
Indian IT’s AI Revenue is Still 2–3 Years Away
“Invest-now, earn-later” mindset seems a common approach among Indian IT on GenAI.
Mohit Pandey ·
How Indian IT Turned Performance Reviews into an Exit Tool
Employees and HR leaders say PIPs are twisted into covert exit tools, enabling bias, unchecked power and procedural violations.
C P Balasubramanyam ·
Why Engineers are Rejecting Indian IT Offer Letters
Indian IT doesn’t need another wave of freshers. It needs to improve how it treats the existing staff before hiring a lakh more this year.
Mohit Pandey ·
Indian IT’s Goal to Hire 1 Lakh Freshers Stands on Thin Ice
Analyst expects large IT firms to maintain a healthy pipeline of fresh talent but stagger joining dates until new businesses materialise.
Mohit Pandey ·
Mid-Sized IT Firms Outperform the Big-Four in Q4 FY25
For mid-sized Indian IT firms, acquisitions and partnerships related to agentic AI over the last three quarters have begun to yield results.
Mohit Pandey ·
Indian IT Remains Cautious with Freshers and Hikes This Year
The mood across India’s top IT firms—TCS, Infosys, HCLTech, Wipro, and Tech Mahindra—is one of caution, as gauged from their Q4 FY25 earnings calls.
Mohit Pandey ·
Indian IT Loves AI Washing
Slowly getting into AI washout.
Mohit Pandey ·
HCLTech Shows Confidence in Generative AI with 12 Exclusive Deals in the Quarter
CEO C Vijaykumar didn’t disclose any specific vertical where generative AI deals were awarded, but said that it is part of almost all deals.
Mohit Pandey ·
Infosys Develops Over 200 AI Agents, Net Profit Drops 12% in FY25
Attrition increased to 14.1% in Q4, up from 12.6% a year ago. The total headcount of the firm currently stands at 3,23,578, which is up from 3,17,240.
Mohit Pandey ·
‘AI is Part of All Deal Conversations’: Wipro Secures 17 Big Wins Worth $1.8 Bn in Q4
For the year ending March 31, Wipro reported gross revenue of $10.4 billion, reflecting a 0.7% decline year-over-year.
Mohit Pandey ·