IT Earnings Show AI Reshaping Business Models

IT Earnings Show AI Reshaping Business Models

India's IT sector has seen a significant shift in its business models, with companies reorganising operations and shifting to outcome-based pricing. The move is seen as a response to the growing demand for AI-based services. According to the latest earnings reports, companies such as TCS, Infosys, HCLTech, Wipro, Tech Mahindra, Mphasis, LTIMindtree, and Coforge have all reported a significant increase in their AI-based revenue. The shift is seen as a major development for the IT sector, which has been facing challenges in recent times. The move is also seen as a reflection of the growing importance of AI in the industry.