HCLTech becomes first top-tier Indian IT firm to report standalone AI revenue
HCL Technologies Ltd. has become the first top-tier Indian IT firm to declare AI revenue separately, at a time when larger peer Tata Consultancy Services Ltd. has made known its intensions to become the largest AI-led technology services company globally.
The Noida-headquartered company has declared a standalone AI revenue in excess of $100 million in a quarter where its total contract value—or new deal wins—crossed the $2.5-billion mark without any mega deals worth a billion dollars or more, according to its quarterly results declared on Monday.
