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Indian IT Loves AI Washing
- Indian IT companies like TCS, Infosys, HCLTech, and Wipro are emphasizing the importance of AI in client conversations and major deals, without disclosing specific revenue sources from GenAI.
- The term 'AI washing' is coined for overstated claims around AI adoption without tangible outcomes, evident from the Q4 earnings of these companies.
- In contrast, global IT giant Accenture revealed significant generative AI bookings, reflecting the difference in transparency compared to Indian IT firms.
- TCS reported record deal wins with AI playing a crucial role, although direct revenue from GenAI was not disclosed.
- Infosys and Wipro also showcased enthusiasm for generative AI projects but refrained from sharing AI-related revenue figures.
- Unlike its peers, Wipro witnessed a rise in net income but anticipates a decline in revenue for Q1 FY26.
- HCLTech highlighted exclusive AI deals and a focus on AI Labs, emphasizing long-term returns on AI investments.
- Tech Mahindra experienced flat revenue growth but a significant profit increase, emphasizing the integration of AI across service lines.
- LTIMindtree reported better revenue performance compared to larger peers, with AI integration across service offerings.
- Indian IT industry is urged to rethink its business model by industry leaders, with AI being pivotal in staying relevant and accelerating software development.
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