4 weeks ago
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BENGALURU, Feb 17 (Reuters) - India's No.2 software-services exporter Infosys said connected Tuesday that artificial quality services accounted for 5.5% of its gross successful the December quarter, marking the first clip the institution has breached retired its AI business.
The disclosure comes arsenic India's $283 billion IT manufacture faces rising capitalist concerns astir AI's imaginable to disrupt traditional, labour‑intensive outsourcing models.
"It is increasing astatine a robust pace. It is highly dynamic and moving good with our clients," CEO Salil Parekh said, adding that its AI offerings see autonomous agents and embedded systems for carnal devices and hardware.
Parekh has antecedently said the institution is moving connected 4,600 AI projects and has built much than 500 agents.
India's software-services assemblage has travel nether scrutiny successful caller weeks, with IT stocks suffering their worst week successful much than 10 months amid concerns that Anthropic's AI tools could accelerate disruption. The sell-off has wiped astir $40 cardinal disconnected the industry's marketplace capitalisation truthful acold successful February.
Infosys posted third‑quarter gross of 454.79 cardinal rupees ($5.01 billion). Larger rival Tata Consultancy Services has said its AI services make about $1.8 cardinal annually, oregon astir 5.8% of full revenue.
Infosys connected Tuesday besides unveiled a collaboration with Anthropic to acceptable up a dedicated halfway to physique and deploy AI agents, starting with telecom and expanding into fiscal services, manufacturing, and bundle development.
Meanwhile, India is hosting the AI Impact Summit, an lawsuit showcasing the country's exertion ambitions, successful New Delhi from February 16-20.
($1 = 90.7510 Indian rupees)
(Reporting by Haripriya Suresh and Sai Ishwarbharath B successful Bengaluru; Editing by Mrigank Dhaniwala, Dhanya Skariachan and Rashmi Aich)
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