"HCL's CEO C. Vijayakumar explained that 'AI deflation' means future revenue will dip between three and five percent in the coming year, and perhaps further in the future."
"TCS CEO K Krithivasan admitted he's also seeing deflation - which he called 'degrowth,' but believes AI will help the company to grow revenue over time."
"For an electronics manufacturer, we are integrating NVIDIA Omniverse-driven digital twins with autonomous quadruped-based inspection systems, driving better construction accuracy and proactively identifying safety hazards."
"HCL's C. Vijayakumar pointed to the company winning a deal to use its in-house AI tools to modernize a European industrial engineering and manufacturing company's IT infrastructure."
India's major technology services firms, including Infosys, HCL, TCS, and Wipro, reported mixed quarterly results amid concerns over AI's impact on revenue. HCL's revenue grew 11.2% but anticipates a future dip due to 'AI deflation.' Infosys expects continued growth despite a previous 3.1% increase. Wipro noted lower margins and emphasized the need for operational improvements, while TCS reported a 0.5% revenue decline but sees potential growth through AI applications. CEOs highlighted new AI-driven projects that could enhance operational efficiency and safety.
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