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TCS, Infosys trail Accenture, global rivals in race for AI-project bookings

Livemint

Livemint · 1y ago

TCS, Infosys trail Accenture, global rivals in race for AI-project bookings

Indian IT services companies Tata Consultancy Services (TCS) and Infosys are lagging behind global peers such as Accenture and IBM in the number of artificial intelligence (AI)-related projects, according to US research firm Information Services Group (ISG). TCS had 300 AI projects and Infosys had 200, whereas Accenture had 2,250 and IBM had 1,000. Analysts attribute the gap to the foreign companies' earlier start in AI client engagement and a more aggressive approach in marketing their projects. However, it is important to note that the data only includes five pure-play IT services companies, with only two being Indian.

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Accenture, NVIDIA announce new business group to help enterprises scale AI adoption

Money Control

Money Control · 11m ago

Accenture, NVIDIA announce new business group to help enterprises scale AI adoption

- Accenture and NVIDIA have formed a new business group to help enterprises scale their AI adoption. - The Accenture-NVIDIA Business Group will focus on reinventing processes and scaling enterprise AI adoption with AI agents. - The group aims to accelerate momentum with Generative AI (Gen AI) and drive new levels of productivity and growth. - Accenture's AI Refinery, which utilizes the full NVIDIA AI stack, will help clients lay the foundation for agentic AI functionality. - Accenture's Gen AI bookings have been steadily increasing, with $1 billion in new bookings in Q4 alone. - Accenture will also debut an agent blueprint for virtual facility robot fleet simulation to enable autonomous, robot-operated software-defined factories.

Accenture’s Gen AI bets pay off with $3 bn in bookings | Mint

Livemint

Livemint · 11m ago

Accenture’s Gen AI bets pay off with $3 bn in bookings | Mint

Accenture, the world's largest software services company, has recorded $1 billion in generative AI (Gen AI) bookings in the quarter ended August. This brings the total order in the Gen AI segment to $3 billion for the full year. Despite a sequential revenue decline, the interest in this new technology is rising. Gen AI projects accounted for 4% of Accenture's total order bookings for the year. However, analysts note that widespread real-time adoption of Gen AI technology is still a challenge. Accenture remains cautious about the outlook due to ongoing economic headwinds.

As TCS loses shine, investors place hopes on Infosys, HCLTech

Livemint

Livemint · 1m ago

As TCS loses shine, investors place hopes on Infosys, HCLTech

Tata Consultancy Services (TCS) is losing investor confidence, with its shares declining over 20% this year due to weaker revenue growth and fewer large deals compared to rivals Infosys and HCL Technologies. While TCS trades at a lower price-to-earnings ratio, raising concerns about its competitive edge, investors are shifting their focus to Infosys and HCLTech, the second and third-largest IT services firms in India, which are displaying more favorable growth prospects.

AI is one of 2023's hottest topics — but it's still a tiny part of most businesses, Accenture data show

Business Insider

Business Insider · 1y ago

AI is one of 2023's hottest topics — but it's still a tiny part of most businesses, Accenture data show

According to data from Accenture, generative AI is gaining attention but remains a small part of most businesses. Despite all the talk about its potential to boost productivity and save time, bookings for generative AI-related projects only accounted for $300 million of Accenture's $72 billion new bookings in the past six months. This could be due to concerns about data protection and a lack of expertise within organizations. However, Accenture expects AI to become a significant part of their business in the next three to five years.

Why tech workers are earning less for their employers

Livemint

Livemint · 1y ago

Why tech workers are earning less for their employers

The revenue contributed by each employee in top IT services companies such as TCS, Infosys, Wipro, HCL Technologies, Accenture, and Cognizant has been steadily declining since the end of the COVID-19 pandemic. The increase in offshoring and preference for the offshoring model by clients has led to lower billing per employee and subsequently reduced revenue. HCL Tech witnessed the highest Revenue Per Employee (RPE) at $58,532 but also saw the steepest drop of 12.5%. Infosys, on the other hand, reported a 3% increase in RPE. The impact of offshoring has also affected foreign companies like Accenture, which experienced a 3% decline in RPE between FY19 and FY23. Profitability per employee has also decreased for most companies except for Accenture. Wipro experienced the largest drop in profitability per employee due to lower margins after the acquisition of Capco. The depreciation of the Indian rupee against the US dollar did not aid profitability either.

Lessons for Indian IT services firms as Accenture, IBM lead GenAI charge

Livemint

Livemint · 11m ago

Lessons for Indian IT services firms as Accenture, IBM lead GenAI charge

IBM is experiencing a turnaround as it gains more clients for its generative artificial intelligence (GenAI) services. The company's GenAI bookings stood at over $2 billion as of July, while Accenture reported $3 billion in GenAI bookings for the period 2023-24. The growth in consulting business has contributed to the success of both IBM and Accenture, which outpaces Indian IT services companies. Indian IT firms have not reported revenue from consulting or AI practices and have faced challenges with lower client spending on IT services. GenAI revenues are expected to flow from consulting before expanding to other IT segments.

TCS, Accenture, Infosys lead LinkedIn’s list of best workplaces in India

Economic Times

Economic Times · 4m ago

TCS, Accenture, Infosys lead LinkedIn’s list of best workplaces in India

LinkedIn’s 2025 list of Top Companies in India highlights the best workplaces for career growth, emphasizing IT firms like Tata Consultancy Services (TCS), Accenture, and Infosys. These companies are recognized for promoting career advancement, skill development, and long-term success. The list considers factors such as employee promotions, skill acquisition, and retention. It underscores the need for adaptability, noting that 70% of job skills may evolve over five years. Companies like Amazon and Oracle also feature in the top 25.

In slow December quarter, TCS beats Infosys

Livemint

Livemint · 1y ago

In slow December quarter, TCS beats Infosys

Tata Consultancy Services (TCS) has outperformed Infosys in the December quarter as its revenue rose by 1% sequentially, beating profit estimates. A significant portion of TCS's growth was driven by a large contract with BSNL. However, both TCS and Infosys are at risk of registering their slowest annual growth due to the global economic slowdown. Additionally, the combined workforce of both companies declined by 11,781 employees during the quarter. TCS reported a revenue of $7.28 billion and a net profit of $1.41 billion, while Infosys reported revenue of $4.66 billion and a net profit of $733 million.

TCS, Infosys, Wipro's hiring: Top IT firms hire 13,500 in FY25; Infosys leads on wage hikes

Business Today

Business Today · 4m ago

TCS, Infosys, Wipro's hiring: Top IT firms hire 13,500 in FY25; Infosys leads on wage hikes

TCS, Infosys, and Wipro have employed a combined total of 13,553 employees for FY25, with Infosys leading in wage hikes starting January. TCS and Wipro are deferring their wage increase announcements. For FY26, Infosys aims to hire over 20,000 freshers, while TCS plans a similar or slightly increased intake compared to FY25's 42,000 recruits. Wipro is expected to maintain its hiring pace, although specific targets are not confirmed.

BPO firms attract top talent from IT services cos in search of greener pastures

Livemint

Livemint · 1y ago

BPO firms attract top talent from IT services cos in search of greener pastures

Several senior executives from major IT services companies have been recruited by business process outsourcing (BPO) firms like Firstsource, Genpact, ExlService Holdings, and WNS over the past two years. The executives previously worked at Accenture, TCS, Infosys, and other major IT firms. The shift is attributed to factors such as more lucrative roles in BPOs, a slowdown in IT services, and a need for BPOs to scale up operations. The impact of generative artificial intelligence on this talent churn is debated, with some believing that BPOs are becoming more tech-oriented and driven by AI, while others see potential for this in the future.

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