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Infosys Bets Big on AI for Enterprise Revenue
21 Jan
Summary
- Infosys works on 4,600 AI projects for over 90% of top clients.
- CEO sees AI-led growth opportunities outweighing revenue compression.
- Detailed AI revenue opportunities to be unveiled in February.
Infosys is currently undertaking around 4,600 artificial intelligence projects, engaging more than 90% of its top 200 clients. The company's leadership is optimistic about the financial year ahead, anticipating a positive trend driven by key sectors like financial services and energy.
CEO Salil Parekh highlighted that AI-led work represents significant new revenue opportunities. He stated that these growth prospects are expected to exceed any potential revenue compression over the coming years.
Infosys plans to present a more detailed breakdown of these specific revenue opportunities during its Investor Day scheduled for February. The company is investing in capabilities and partnerships to capitalize on the AI wave.
While demand remains varied across industries, with some sectors still facing pressure, the overall outlook is encouraging. Parekh noted that AI's impact on software development speed and cost reduction for legacy systems is a significant new area of business.
