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IT companies face ‘long curve’ before revenue visibility from GenAI | News

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IT companies face ‘long curve’ before revenue visibility from GenAI | News



Revenue from generative artificial intelligence (GenAI) or the deal pipeline in this segment in April-June of FY25 was missing in the quarterly statements of large information-technology services firms other than Accenture and Tata Consultancy Services (TCS).

 


Rather, this quarter many avoided even giving the number of proof-of-concepts (POCs) they are working on.

 


Salil Parekh, chief executive officer (CEO) and managing director (MD), Infosys, in the media briefing, said: “We are not sharing externally the value in terms of revenue or of the deals … our Generative AI approach is leading in the market.”

 


Peter Bendor-Samuel, CEO, Everest,

First Published: Aug 08 2024 | 11:36 PM IST

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